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Objective : LIC MF Floater MIP Plan A seeks to generate regular income by investing in floating rate instruments to minimise the interest rate risk and at the same time generating capital appreciation by investing in equity related instruments.
Structure : Open-ended Debt Fund
Inception Date : October 08, 2004
Plans and Options under the Plan :
Growth, Monthly Dividend, Quarterly Dividend, Yearly Dividend
Face Value (Rs/Unit): Rs. 10
Minimum Investment :
Rs. 5000
Entry Load : Nil
Exit Load : If redeemed within 6 Months; and Amount less than 25 lacs then Exit load is 0.5%. If redeemed within 3 Months; and Amount greater than 25 lacs then Exit load is 0.25%.
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