L&T Banking and PSU Debt Fund
Daily Dividend Reinvestment Plan: A minimum of Rs. 1000/- per application and in multiples of Re. 1/- thereafter.
For SIP: Rs. 6,000 (minimum single investment Rs. 1000, minimum 6 cheques)
The above ratio includes 20 bps of additional expenses.
Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and service tax on investment management fees are also being charged.
- Generation of reasonable returns and liquidity over short term
- Investment primarily in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions in India
Under normal circumstances, it is anticipated that the asset allocation shall be as follows:
|Instruments||Indicative Allocation (% of net assets)||Risk Profile|
|Debt and money market instruments/securities issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs)||100%||80%||Low to Medium|
|Debt and money market instruments/securities issued by other entities*||20%||0%||Low to Medium|
|Minimum purchase amount
||Rs. 10,000 per application.|
|Minimum additional purchase amount||Rs. 1,000 per application.|
|Minimum redemption amount/units||Rs.500/50 units.|
Investors can contact any of the ISCs at its toll-free number "1800 2000 400". NAVs will be calculated on every business day and published in two daily newspapers on all Business Days. Purchase/Redemption on all Business Days.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.