Capital appreciation over long term
Investing predominantly in portfolio of equity and equity related securities of companies engaged in banking and financial services
Risk - High
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
|Investment Objective||The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in the banking and financial services sector. However, there can be no assurance that the investment objective of the Scheme will be realised.|
|Minimum Application Amount||INR 5,000/- and in multiples of
INR 1/- thereafter.
For Systematic Investment Plan (SIP), the minimum amount is INR 1,000/- (Monthly) & INR 3,000/- (Quarterly) and in multiples of INR 1/- thereafter.
|Minimum Additional Amount (for subsequent investments under an existing folio)||INR 1,000/- and in multiples of INR 1/- thereafter.|
|Benchmark Index||S & P BSE BANKEX|
|Load Structure|| - 1% if redeemed or switched out on or before completion of 1 year from the date of allotments of units
- No Exit Load is payable if units are redeemed/ switched-out after 1 year from the date of allotment
|Minimum Redemption||Minimum of INR 500/- and in multiples of INR 1/- thereafter.|
|Asset Allocation Pattern||
The above Asset Allocation Pattern is only indicative. The investment manager in line with the investment objective may alter the above pattern for short term and on defensive consideration.
|Fund Manager||Mr. Ramnath Venkateswaran|
|Plans Available||Regular Plan and Direct Plan.
(The Regular and Direct plan will have a common portfolio)
|Options Available||1. Growth Option and 2. Dividend Option|
The Dividend option has the following facilities: (i) Dividend Reinvestment Facility. (ii) Dividend Pay-out Facility. Default Investment option is Growth Option. For the Dividend option, the default facility will be Dividend Reinvestment./td>
|Applicable NAV||The NAV applicable for purchase or redemption or switching of Units based on the time of the Business Day on which the application is time stamped.|
|Risk Factors||For detailed scheme/securities related risk factors, please refer to the Scheme Information Document|
|Statutory Details: Sponsor: Life Insurance Corporation of India.
Investment Manager: LIC Mutual Fund Asset Management Ltd. CIN: U67190MH1994PLC077858
"*Mutual Fund investments are subject to market risks, read all scheme related documents carefully."