LIC Mutual Fund has announced the launch of LIC MF Multicap Fund (“LICMF Multicap”), an open-ended equity scheme, which would invest across all market capitalization categories.
LIC MF Multicap Fund would invest a minimum of 25 per cent each in Large, Mid and Small Cap stocks, with the balance of 25 per cent providing flexibility to the fund manager to invest across market capitalization, at his discretion following a disciplined approach.
The New Fund Offer (NFO) opens on Thursday, October 6, 2022, and would close on Thursday, October 20, 2022. The scheme would reopen for ongoing subscription from Wednesday, November 2, 2022. LIC MF Multicap Fund will embed focused allocation of stocks with all the three market caps –Large, Mid and Small– thereby always offering a disciplined diversification. Speaking on the occasion, Mr T S Ramakrishnan, MD&CEO of LIC Mutual Fund, said: “The uniqueness of LIC MF Multicap Fund would be, a unique investment checklist which aim to identify emerging leaders across all Market Caps.”
