LIC Mutual Fund has collected Rs 592 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.
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