'' LIC MUTUAL FUND WILL LAUNCHED ITS BALANCED ADVANTAGE FUND ''
'' VERY GOOD OFFER FROM LIFE INSURANCE CORPORATION OF INDIA''
''THE FUND WILL OPEN ON-OCT-2021-AND-CLOSED ON ON-3rd-NOV-2021 ''
NOW SCOPE TO INVEST TO MAKE MONEY
LIC Mutual fund Asset Management Ltd is one of the most trusted plyers of the Mutual Fund Market, A Subsidiary of the India's No-1 Insurance Company- LIFE INSURANCE COMPANY has announced the Introduction of Balanced Advantage fund. The LIC said that it will be an Opened-Ended Dynamic Asset Allocation Fund, This Investment can be made in Equity, Debt and Money Market.
LIC MF is a India's Largest and Leading player in Mutual Fund house and offers in Markets -26 Schemes to Investors, Such as : Equity- 8- Schemes, Debt-9-Schemes, Hybrid-5-Schemes and ETF-4-Schemes.
INVESTOR SERVICE OFFICER : Mrs. SONALI PANDIT
COMPLIANCE OFFICER : Mr. MAYANK ARORA
TRUSTEE : LIC MUTUAL FUND TRUSTEE PVT. LTD.
CHAIRMAN : Mr. V.K.CHOPRA
TAXATION BENEFIT FROM EQUITY :
In-20th-April-1989, was Established, LIC Mutual fund Balanced Advantage fund - RAHUL SINGH Portion of MUTUAL FUND- '' BAF '' of Equity YOGESH PATIL and Debt Portion will be the Fund Managers- Benchmarked against the Customized Index LIC MF HYBRID Composite 50:50 index And in order to pass on the Equity Taxation and The index Composition will be 50%- Nifty-TRI and 50%- Nifty-10-yr- Benchmark Under G-Sec. The fund will aim to keep Gross equity Allocation-65% or Above to enable for Investors available of EQUITY - TAXATION BENEFITS.
LIC MF ensures equity like taxation at a lower risk level, If an Equity-Oriented MF is Redeemed after one year and Investors are taxed at 10% for Capital gains over Rs- 1Lakh. This fund will be based on a fundamental driven mathematical model and would Be using this inverse relationship between equity and debt in LIC MF BAF for Switching From equity to debt.
There will be a 1% exit load for redemption before SINGLE-YEAR to be charged only Above 12% of units Allotted and there will be nil exit load the date of Allotment.
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