LIC Mutual Fund has launched another fixed maturity plan (FMP) with following details. Name of Fund: LIC Mutual Fund Fixed Maturity Plan Series 27
Scheme: Close ended Income Scheme
Plans: It will mature after 3 months, which is called 3 months plan.
Objective: The scheme aims 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.
Asset Allocation: Under 3 months plan the fund would invest upto 100% in debt instruments having residual maturity of more than 3 months. It can also invest upto 100% in money market instruments. Investment in debt instruments includes securitised debt upto 40%.
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