LIC MF Launched Top 100 Fund

LIC Mutual Fund launched LIC Top 100 Fund. NFO period from 15 November to 14 December 2007 A 3 years close ended equity fund with an automatic conversion into an open ended scheme on expiry of 3 years from the date of allotment The investment objective of the scheme is to provide long term capital appreciation from a portfolio of equity and equity related instruments primarily drawn from the companies in CNX 100 index. The fund would invest 80% - 100 % in equity and equity related securities primarily drawn from the companies in CNX 100 Index. The fund would invest 0% - 20% debt and money market instruments. The investment in securitised debt will be up to 20%.