L&T Mutual Fund is planning to roll out a new savings fund in the market, India Infoline reports. The firm has also filed with the Securities and Exchange Board of India for the same.
The L&T Savings Fund will aim to generate income through investments in an array of debt, money market and equity instruments. The scheme will track the Crisil MIP Blended Fund Index and be managed by Richa Sharma, Hareshwar Karekar and Pankaj Gupta.
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