Publish Date:
LIC Mutual Fund has Introduced a new scheme – LIC MF Multi Cap Fund
It is an open-ended equity scheme investing across large cap, mid cap and small cap stocks.
Accordingly, the investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap and small cap stocks. However, there is no assurance that the investment objective of the Scheme will be realized.
Under normal circumstances, LIC MF Multi Cap Fund will hold an allocation of 75% to 100% of its assets in Equity and Equity related Instruments of which: 25% to 50% in large cap companies, 25% to 50% in mid cap companies and 25% to 50% in small cap companies. 0% to 25% in Debt Securities and Money Market Instruments (including Triparty Repo) and 0% to 10% in Units issued by REITs & InvITs.
As per the Scheme Information Document, LIC MF Multi Cap Fund will invest across all market capitalization categories. The scheme will invest a minimum of 25% each in large, mid and Small Cap stocks, with the balance of 25% providing flexibility to the fund manager to invest in market capitalization categories depending on opportunities available at the time. The scheme endeavours to provide long term capital appreciation by investing in equity and equity related instruments.
The Scheme would adopt top down and bottom-up approach to investing and will endeavours to be diversified across various sectors and/ or market capitalization categories. The focus of the scheme would be on identifying companies with long-term growth potential, disciplined capital allocation, and sound management pedigree. The scheme may also have exposure to Futures & Options to capture any opportunities and to hedge the portfolio, whenever necessary. The fund manager could also use active cash calls as a means to rebalance or hedge the portfolio up to the permissible limits.
LIC MF Multi Cap Fund’s performance will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI
The scheme will be managed by Mr Yogesh Patil.
The NFO opens for subscription on October 06, 2022 and closes on October 20, 2022. The schemes will reopen for continuous sale and repurchase on November 02, 2022.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.
[Read: LIC MF Multi Cap Fund: Aims to Benefit from a Focused Allocation Across Market Caps]