LIC Nomura Mutual Fund launches LIC NOMURA MF EXCHANGE TRADED FUND SENSEX

Mutual Fund
Nov 13, 2015 by Advisorkhoj Team | Mutual Fund | 2 Downloaded

NFO period: 09th November – 23rd November 2015

Highlights of the NFO:

  • Scheme type – An open ended Exchange Traded Fund

  • Investment objective – The investment objective of the scheme is to provide returns that, closely correspond to the total returns of the securities as represented by the S&P BSE SENSEX by holding S&P BSE SENSEX stocks in same proportion, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term investment by Investing in securities covered by S&P BSE SENSEX, subject to tracking errors.

  • Minimum Application Amount – First investment Rs. 5000/- and multiples of Rs. 1/- thereafter.

  • Plan/ Options available – Not Applicable

  • Fund Managers – Mr. Sachin Relekar

  • Benchmark – S&P BSE SENSEX

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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