ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • ZNAA'22
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Whopping 1 lakh jobs on the cards in aviation and aeronautical manufacturing sector by 2024, says Minister
  • Money Guru: 10 funds for financial independence, this 15th August - details
  • India's forex reserves jump 60x since 1990s, surge 335 times since Independence | Check this data
  • India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why
Read in App
Business News » India News

LIC Mutual Fund's Short Term Debt Fund offer opens: What you must know

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

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
LIC Mutual Fund's Short Term Debt Fund offer opens: What you must know
"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. Reuters

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. 

Watch Zee Business News Twiiter Video

#ZBizHeadlines | एक नजर देश और बाजार से जुड़ी बड़ी खबरों पर। pic.twitter.com/G0450EAhml

— Zee Business (@ZeeBusiness) January 11, 2019

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. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
LIC Mutual Fund
Written By: IANS
Updated: Fri, Jan 11, 2019
05:18 pm
Mumbai, IANS
RELATED NEWS
What alternate measures RBI could take if Rupee continues to be under pressure? LIC Mutual Fund's Rahul Singh explains What alternate measures RBI could take if Rupee continues to be under pressure? LIC Mutual Fund's Rahul Singh explains
LIC Mutual Fund eyes Rs 1,000 crore from new money market fund - open-ended debt scheme LIC Mutual Fund eyes Rs 1,000 crore from new money market fund - open-ended debt scheme
LIC Mutual Fund aims to increase assets under management to Rs 30,000 cr this fiscal LIC Mutual Fund aims to increase assets under management to Rs 30,000 cr this fiscal
Clarity on investment objective, time horizon, risks prerequistes while planning for child's future, Karan Doshi of LIC Mutual Fund says Clarity on investment objective, time horizon, risks prerequistes while planning for child's future, Karan Doshi of LIC Mutual Fund says
Readjust Your Lens of Financial Planning to See Through Rising Inflation, Nityanand Prabhu, ED & Business Head, LIC Mutual Fund Readjust Your Lens of Financial Planning to See Through Rising Inflation, Nityanand Prabhu, ED & Business Head, LIC Mutual Fund

LATEST NEWS

Meta-owned WhatsApp is rolling out this feature - PRIVACY!

Oil prices retreat amid talks to revive Iran accord; Brent crude at $96.38/bbl

India's forex reserves jump 60x since 1990s, surge 335 times since Independence | Check this data

Tata Chemicals Quarterly Results: Check Q1 net profit, revenue and other details

Ashish Kacholia stock: This packaging company's shares hit new lifetime high on Monday; brokerages recommend Buy - check price target

India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why

Google down: Global outage! Google's search engine not working for thousands of users

Apple iPhone 14 launch in September - Check latest updates, release date, price, specifications and more

March session in Kashmir 2022 and Jammu and Kashmir schools? JKBOSE moots proposal - Details

RBI imposes fine on 8 cooperative banks for breach of various norms - Full list

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV