LICMF Children's Fund |
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- Initial offer opens
: September 26, 2001
- Issue Price : Rs 10
- Nature of Scheme : Open Ended
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- Closing Date : October
16, 2001
- Subsequent sales : from
November 12, 2001
- Minimum subscription : Rs 5,000 and
thereafter in multiples of Rs 500.
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Objective of
the fund: An open ended scheme which seeks to generate long term capital appreciation
through a judicious mix of investment in quality debt and equity instruments at relatively
low risk levels through research based investments.
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- There is no entry load during the initial offer period.
For sales on an ongoing basis after the initial offer period, there will be an entry load
of 1%.
- For repurchases effected before 3 years from the date of
allotment of units the exit load will be 3%, and where repurchases are made after 3 years
from the date of allotment of units but before the unitholder completes 18 years of age,
the exit load will be 1.5%, at present.
- In the cases of repurchase or redemption where the
investment has completed 3 years from the date of allotment of units and where the
unitholder is over 18 years of age, there will be no exit load.
- The scheme is growth oriented and is inclusive of SIP /
SWP to address needs of regular investment / withdrawal of the investor.
- A free personal accident cover to domestic resident unit
holders equal to 10 times the amount invested, subject to a maximum amount of Rs 3 lakhs.
Investment Strategy |
The scheme proposes to invest in a mix of equities and equity related instruments and
fixed income securities including securitised debt and money market instruments, with the
aim of generating long term capital appreciation. The scheme may invest in the call money
market or any other alternatives permitted by the RBI in lieu of call money, term / notice
money market and repos in order to meet the liquidity requirements or to meet the
defensive nature of the portfolio. The scheme may also invest in government securities and
also in ADRs / GDRs, subject to necessary approvals.Some of the Schemes launched by LIC Mutual Fund
- LICMF Bond Fund
- LICMF Government Securities
- LICMF Tax Plan
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Risk Perception |
The value of the investments is bound to change with changes in the factors affecting
capital markets viz. changes in interest rates, exchange rates, price price and volume
fluctuations in stock markets, taxation, govt. policies, and other economic and political
developments. The scheme may also use various derivatives and hedging products from time
to time, as would be available and permitted by Sebi. In case the scheme utilises any
derivatives under the regulations, the scheme may, in certain situations, be exposed to
price risks. |
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