LIC Mutual Fund to launch LICMF Multicap New Fund Offer opens on 6 October
LICMF Multicap Fund would invest a minimum of 25 per cent each in Large, Mid and Small Cap stocks, with the balance of 25 per cent providing flexibility to the fund manager to invest across market capitalization
First-tier benchmark for the LICMF Multicap Fund would be NIFTY 500 Multicap 50:25:25 TRI, which factors in all caps and thus offers more diversification and appropriate comparison for the scheme. Source. Twitter