The Business Bytes
TBB BUREAU
BHUBANESWAR, SEPT 30, 2022
LIC Mutual Fund has announced the launch of LICMF Multicap Fund (LICMF Multicap), an open-ended equity scheme, which would invest across all market capitalization categories.
LICMF Multicap Fund would invest a minimum of 25 percent each in large, Mid and small cap stocks, with the balance of 25 percent providing flexibility to the fund manager to invest across market capitalization, at his discretion following a disciplined approach.
The New Fund Offer (NFO) will open on October 6, 2022, and close on October 20, 2022. The scheme will reopen for ongoing subscription from November 2, 2022.
LICMF Multicap Fund will embed focused allocation of stocks with all the three market caps — Large, Mid and Small– thereby always offering a disciplined diversification, the company said.
