India, Oct. 27 -- LIC Mutual Fund has launched a new Open Ended Growth scheme named "LIC MF Consumption Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Oct 31 to Nov 14, 2025.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 1.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Sumit Bhatnagar, while the performance of the scheme will be benchmarked against Nifty India Consumption Total Return.
The investment objective of t...