LIC Nomura Mutual Fund launches LIC Nomura MF Dual Advantage Fixed Term Plan - Series 2
Author(s): City Air NewsMumbai, September 9, 2015: LIC Nomura Mutual Fund plans to launch its closed ended income scheme- LIC Nomura MF Dual Advantage Fixed Term Plan - Series 2, tomorrow. The new fund offers open on Thursday, September...
cityairnews
Sep 9, 2015 12:30
0
Mumbai, September 9, 2015: LIC Nomura Mutual Fund plans to launch its closed ended income scheme- LIC Nomura MF Dual Advantage Fixed Term Plan - Series 2, tomorrow. The new fund offers open on Thursday, September 09, 2015 and closes onThursday, September 24, 2015. It comes with a maturity of 43 months and combines the benefits of different asset classes like debt and equity.
The scheme will invest minimum 65% in debt and a maximum of 35% in equity (most of the time). The investment philosophy is to endeavor returns by investing into debt and money market securities and provide capital appreciation by investing into equity and equity related instruments. The scheme will invest into fixed income securities with a view to hold till maturity and the investors will not be exposed to duration risk.
Mr. Kunal Jain (Debt) and Mr. Sachin Relekar (Equity) are the fund managers of the scheme.
Speaking on the launch, Ms. Sarojini Dikhale, Director & Chief Executive Officer, LIC Nomura MF said “The fixed income will always outperform when interest rates are softening and the economy is trying to achieve its desired GDP growth rate .With regards to the equity market, we are very positive from medium term and long term perspective. Reforms initiated by the government will have a long term impact. We expect returns to track overall earnings growth (which is expected to be about 15%). Stock picking opportunities are high and that is a key to keep doing better. This is the right time to invest in the fund as the real rate of interest is about 250 bps, so there is ample scope for RBI to cut rates in the coming quarters. In near term; monsoons, inflation trajectory and pace of improvement in capex cycle will determine the direction of the market.
Date:
Wednesday, September 9, 2015
