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Mutual Funds : Indian-commodity.com

Tuesday, December 18, 2007

LICMF Top 100 Fund Mops Up Rs 472 Crore

LIC Mutual Fund has collected Rs 472 crore through LIC Top 100 Fund. Subscriptions to the close-ended equity scheme, launched on 15 November, closed on 14 December 2007. the 36-month scheme will be rendered open-ended on maturity.

At least 80% of its investments will be made in 100 stocks of companies that track CNX Nifty and Nifty Junior indices together. The remaining corpus will be deployed in debt market securities.
Posted by Indian-commodity at 11:15 AM

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