L&T Mutual Fund has launched the L&T FMP-Series XIV-Scheme C, a close ended income scheme. The NFO opens for subscription on March 09, 2017 and closes on March 21, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Jalpan Shah.
The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.