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Objective : LIC MF Monthly Income Plan seeks to generate regular income by investing mainly in quality debt and money market instruments. It also seeks to generate capital appreciation in a long term by investing in equity / equity related instruments.
Structure : Open-ended Debt Fund
Inception Date : January 06, 1998
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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