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LIC Nomura Mutual Fund

LIC Nomura Mutual Fund Launches First G-Sec Long Term ETF in Asia

First structured G-Sec Debt product in India

Dec 17, 2014   14:32 IST 
New Delhi, Delhi, India


  • An open ended, index linked exchange traded fund


  • Units available at par (Rs.10/-) during the NFO


  • Option – Growth only


  • Minimum application amount during NFO- Rs. 5000 & in multiples of Rs.1 thereafter


  • Scheme benchmark – GSEC10 NSE Index


  • NFO opens on:  17 December, 2014


  • NFO closes on: 22 December 2014



LIC Nomura Mutual Fund today announced the launch of LIC Nomura MF G-Sec Long Term ETF, an open ended, index linked exchange traded fund which offers tax free capital gains post 3 years. The product is designed keeping in mind the investors who are seeking medium to long term income and to generate comparable return subject to tracking error.


The New Fund Offer (NFO) will open for subscription on 17 December, 2014 and will close on 22 December, 2014. The units will be available at par (Rs.10/-) during the NFO and at NAV related prices thereafter. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by GSEC10 NSE Index, subject to tracking error.


The product provides buying and selling flexibility, tax efficiency, transparency, a hedging tool for interest rate futures. The fund will invest in securities comprising of underlying benchmark Index, of minimum 95% and maximum 100% and other debt and money market instruments to maximum 5%.Thus making the risk profile low.


Speaking on the occasion, Mr. Nilesh Sathe, Director & Chief Executive Officer, LIC Nomura Mutual Fund said “We are happy to announce the launch of the first of its kind structured product- G-Sec Long Term ETF. It’s a unique product which will help HNIs and retail investors to participate in GSEC Market at lower cost”.


About LIC Nomura Mutual Fund:

LIC Nomura Mutual Fund came into existence in January 2011 as a joint venture of two financial giants, LIC Mutual fund (set up in 1989 by the Life Insurance Corporation of India) and Nomura Asset Management Strategic Investments Pte Ltd., Japan’s leading financial conglomerate.  LIC continues to be the sole sponsor of LIC Nomura Mutual Fund. 


For further details, contact::

Minakshi Mishra/ Delna Irani

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