L&T Mutual Fund has rolled out a new close-ended fund, India Infoline reports. The L&T FMP - IV (August91D A) aims to achieve growth of capital through investments made in debt / fixed-income securities maturing on or before the maturity of the scheme.
The scheme offers growth and dividend options. The portfolio will allocate almost 100% of assets in debt and money market instruments with low- to medium-risk profile. The fund, which will be benchmarked against the CRISIL Liquid Fund Index, will be managed by Richa Sharma and Hareshwar Karekar.
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