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LIC to launch a new NFO in the diversified equity category: LIC MultiCap Fund.
LIC Mutual Fund is launching a new multi cap fund, LIC Multi Cap Fund, that offers a diversified portfolio by investing across market caps.
The New Fund Offer (NFO) period for the LIC Multi Cap Fund is from October 6th 2022, to October 20th 2022. The scheme re-opens for continuous repurchases and sale after five business days from the date of allotment of units.
Objective
The scheme’s investment objective is to provide investors with opportunities for long-term growth in capital by investing in a diversified portfolio of equity and equity-related instruments across large cap, mid cap and small cap stocks. However, there can be no assurance that the fund’s investment objective will be realised.
Fund Details
| LIC Multicap Fund | Details |
| NFO Opening Date | October 6th 2022 |
| NFO Closing Date | October 20th 2022 |
| Re-open Date | After five days from the date of allotment |
| Type of Fund | Open-ended equity scheme |
| Fund Manager | Mr Yogesh Patil |
| Minimum Investment Amount | INR 5,000 |
| Minimum Additional Purchase Amount | INR 1,000 |
| Exit Load | 0-1% |
| Suitability | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 TRI Index |
| Plans and Options | Regular Plan & Direct Plan |
NOTE:
- All additional investment amounts should be multiple of INR 1/-
- Minimum SIP/SWP/STP for Monthly and Quarterly frequency is INR 1,000 and INR 3000 respectively.
Who Can Invest?
LIC Multi cap Fund is a diversified equity mutual fund and best suits investors looking to invest in the equity sector. The scheme spreads its assets dynamically, providing exposure in all market caps at all points in time. Also, the fund manager aims to participate in good businesses across market segments. Therefore, investors who prefer a disciplined investment approach over timing the market can consider investing in this fund. The fund suits investors having an investment horizon of minimum 5 years or more as it helps in long term wealth creation.
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Fund Manager
Mr. Yogesh Patil
Mr Patil is the Head of Equities in LIC Mutual Fund and joined the AMC in 2018 as a fund manager. Also, he has more than 16 years of experience in the Indian Equity Markets (both buy and sell-side). Prior to joining LIC, he was working with Canara Robeco Asset Management Company and Sahara Mutual Fund. Furthermore, Mr Patil holds an MBA degree in Finance from Symbiosis Institute of Business Management.
Asset Allocation
Following is the indicative asset allocation of the LIC Multicap Fund.
| Types of Instruments | Indicative Allocation Minimum | Indicative Allocation Maximum | Risk Profile |
| Equity and Equity Related Instruments:Large Cap, Mid Cap and Small Cap Companies | 25%, 25%, and 25% | 50%, 50% and 50% | Very High |
| Debt and Money Market Instruments | 0 | 25% | Low to Medium |
| Units issued by REITs and InvITs | 0 | 10% | Very High |
Frequently Asked Questions
You can invest in the LIC Multicap Fund NFO through any of the following methods:
Offline: By filling out the LIC NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or LIC mutual fund office.
Online:
1. LIC Mutual Fund Website
2. Online FinTech platforms and mutual fund platforms
3. Through demat account
4. Through a mutual fund distributor or agent
The multicap fund will re-open for subscriptions, switches and redemptions within 5 business days from the date of allotment.
Yes, it is a high-risk investment based on the riskometer. LIC Multicap Fund is a pure equity mutual fund that invests in the stocks across market capitalisation. Thus, the scheme falls under the very high-risk category. However, the fund manager has a disciplined approach towards investing. Also, it has a multi-level check for prudent market cap allocation. Moreover, investors must be aware of the risks associated with equity investments and also, the scheme doesn’t guarantee any returns.
LIC Multicap Fund doesn’t have a lock-in period. Mutual fund units can be bought and sold easily. Thus, the scheme offers good liquidity.
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