L&T Mutual Fund new issue closes on 5th May
L&T Mutual Fund has launched L&T FMP-III (April370D A), a close-ended income scheme.
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on or before the maturity of the scheme. The tenor of the plan is 370 days.
The new issue closes on 5th May. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Bekxy Kuriakose is the fund manager.
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