SME Times is powered by   
Search News
Just in:   • Cyclone Idai: Unicef urges assistance to children  • Israeli army targets two Hamas posts in Gaza Strip  • Petrol prices rise, diesel remains unchanged  • PNB sets recovery target of Rs 10K cr for Q4: MD  • ADB readies for face-off with AIIB, NDB in India 
Last updated: 11 Jan, 2019  

Lic9.Thmb.jpg LIC Mutual Fund's Short Term Debt Fund offer opens

LIC.jpg
   Top Stories
» NITI Aayog to organise FinTech conclave Monday
» 'Revised fiscal deficit target due to cut in non-essential expenditure'
» Prevent degradation of ocean and its ecosystem: Naidu
» CITI welcomes new textile policy
» Support needed urgently for export sector: Gupta
IANS | 11 Jan, 2019
State-run LIC Mutual Fund on Friday launched an open-ended short-term debt fund scheme for investing in instruments of "Macaulay duration" between one and three years as a new fund offer (NFO) called "LIC MF Short Term Debt Fund" that will close on January 25.

In a statement here, the company said that investors can make a lump sum investment in the fund being managed by Yogesh Patil (Equity) and Marzban Irani (Debt).

"The investment objective of the scheme is to generate income returns commensurate with risk from a portfolio constituted of debt securities and/or money market instruments," it said.

"However, there can be no assurance that the investment objective of the scheme will be achieved."

The Macaulay duration signifies the formula used by portfolio managers of the weighted average term-to-maturity of the cash flows from a bond.

According to the statement, the fund manager will use a disciplined quantitative analysis while accessing the short-term debt opportunity and will invest in those debt securities that are rated investment grade by credit rating agencies, or in unrated debt securities.

The Life Insurance Corp (LIC) associate company said the fund is beneficial for investors who are looking for reasonable returns over short- to medium-term, as well as investment in debt securities and money market instruments with a Macaulay duration between one and three years.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 25 Mar, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter