LIC MF files offer document with sebi

LIC MF has filed offer document for LIC FMP Series 27-28-29-30. The scheme will be close-ended income scheme. The minimum investment for plan is Rs. 10,000 and in multiples of Re.1000 thereafter. The NFO price is Rs. 10. There is no entry load. There will be an exit load of 0.50% if redeemed before maturity. Each series offer investment under both dividend as well as growth option. Under dividend option, investors can choose from dividend reinvestment and dividend payout facility. The investment objective of the Scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the scheme