Bangalore Wealth Management Solutions

LIC Mutual Fund announce the launch of LICMF systematic asset allocation fund, highlights of the fund being -

• 1. 36 month close ended systematic asset allocation fund, upon completion of 36 months, the scheme will automatically be converted into an open ended equity scheme without any further reference from mutual fund/Trustees. Units outstanding under the scheme on the completion of 36 months will automatically continue under the open ended scheme, subject to an option being given to the unitholder either to redeem or continue in the scheme.
• 2. Repurchase would commence from 10th October, 2007, where the NAV is announced every wednesday and this will be reference for repurchase if any investor require money earlier than 36 months time frame.
• 3. The investment objective of the scheme is to achieve a long term growth by investing systematically in the equity/equity related instruments.
• 4. The fund money will be invested as per the offer document and the fund manager will be directed by the offer documents to achieve the objective of the fund. This way the money is invested systematically in Debt and Equity with the percentage changing every month.
• 5. NRI’s, FIIs and PIO’s may invest in the scheme on full repatriation basis.
• 6. Investors are advised to read the offer document carefully before investing.

I felt that when the sensex is at 15000 points LICMF has a good product, where the investors could choose to invest in the NFO, if they could block their money for 36 months time frame. The fund managers have delivered good returns to investors, in their earlier managed funds. For more information and application forms you can contact.

C.P.B.Prasad
AMFI Certified Mutual Fund Advisor.
Cell:91.80.98450-12673.
email: cpbprasad@yahoo.com

http://www.licmutual.com