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L&T Mutual Fund files offer document for Focused Equity Fund

20-Jun-2018 16:56 Hrs IST

L&T Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named as ‘L&T Focused Equity Fund’. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme. The scheme offers growth and dividend options.The scheme’s performance will be benchmarked by Nifty 500 Tri Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.The investment objective of the scheme is to provide capital appreciation by investing in equity and equity related instruments of maximum 30 stocks.

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