​LIC Mutual Fund launches short term debt fund

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LIC Mutual Fund has launched LIC Short Term Debt Fund, an open-ended short-term debt scheme, that will invest in debt instruments with Macaulay duration of between one to three years. The new fund offer (NFO) will close for subscription on January 25. The fund will be managed by Marzban Irani.

According to a press release from the fund house, the investment objective of the scheme is to generate returns in line with the risk taken in the portfolio.
The fund manager will use a quantitative analysis while accessing the short-term debt opportunities and will invest in debt securities that are rated investment grade by credit rating agencies or in unrated debt securities, which the fund manager believes to be of equivalent quality.

The fund manager will emphasize on credit analysis to determine credit risk and the investment process will follow a top down approach, considering aspects like interest rate view, term structure of interest rates, systemic liquidity, RBI’s policy stance, inflationary expectations, government borrowing program, fiscal deficit, global interest rates, currency movements, etc.

According to the fund house, the new scheme is beneficial for the investors who are looking for reasonable returns over short to medium term.

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