• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Nov. 23

Yet another mutual fund is being launched which bets on the growth potential of the country and companies. LIC Mutual Fund has launched LIC MF India Vision Fund, a three-year close-ended equity scheme aiming to generate long-term appreciation by investing in companies in growth sectors. The scheme will turn into an open-ended scheme at the end of the 3-year term.

The fund can invest 100 per cent of the corpus in equity if it does not invest in debt and other instruments. Otherwise, it can invest up to 20 per cent in debt and up to 10 per cent in ADRs/GDRs/Foreign securities with 70 per cent being in equity. The new fund offer opens on November 23 and closes on December 22. The minimum investment for the fund is Rs 2,000.

"The emphasis will be on undervalued stocks in the `mid and small cap segment' which have potential to enter the large cap segment in the identified sectors. Investment in large cap stocks in the identified sectors will be purely to take short-term advantage of the market momentum," said Mr N. Mohan Raj, CEO, LIC Mutual Fund. The India Vision Fund offers two options - dividend and growth.

More Stories on : New Fund Offer | Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Oriental Bank ties up with IL&FS Investsmart for online trading

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line