L&T MF introduces Daily Investment Plan
L&T Mutual Fund has introduced Daily Investment Plan (DIP), a product add-on that offers investors the opportunity to transfer a fixed amount on a daily basis to eligible open-ended equity schemes with effect from March 5, 2010.
Under this plan, investors will be making a one time investment in L&T Liquid Fund – Regular Plan-Cumulative Option and subsequently opt for daily transfer of a fixed amount of the schemes namely L&T Hedged Equity Fund, L&T Multi-Cap Fund, L&T Opportunities Fund, L&T Contra Fund, L&T Midcap Fund, L&T Global Advantage Fund and L&T Growth Fund.
Under this plan, the minimum investment amount in L&T Liquid Fund – Regular Plan-Cumulative Option is Rs 10,000 and in multiples of Re 1 thereafter. The minimum transferred amount in above mentioned scheme is Rs 50 and in multiples of Re 1 thereafter.
DIP will commence on the seventh day from the date of receipts of duly completed DIP form. The load charged under this plan will be same as of the respective scheme, applicable at the time of registration of DIP.
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Category: Mutual Fund
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