LIC Mutual Fund's Short Term Debt Fund offer opens
- Country:
- India
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.
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.
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