L&T Mutual Fund, has declared dividend of Rs. 0.20 / - on the face value of Rs. 10 per unit under quarterly dividend option of L&T Monthly Income Plan– Regular Plan The record date for the dividend is set as March 25, 2010.
The primary investment objective of L&T Monthly Income plan is to generate Monthly
Income through investments in range of Debt, Equity and Money Market Instruments.
The secondary objective of the scheme is to generate long-term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.
Pursuant to the payment of dividend, the NAV of the above-mentioned Scheme/Plan/Option will fall to the extent of payout and statutory levy, if any.
All the unit holders of the above Scheme/Plan/Option whose names appear on the register of unit holders as on the record date (March 25, 2010) will be eligible to receive the dividend.
Scheme Information Document, Statement of Additional Information, Key Information Memorandum and Application Forms are available at AMC Branches / Mutual Fund website at www.lntmf.com / Investor Service Centers / Distributors.
Statutory Details: L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T Investment Management Limited as the Investment Manager.
Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme of the Fund may go up or down depending upon the factors and forces affecting the securities market. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of the Scheme. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. L&T Monthly Income Plan do not in any manner indicate either the quality of the Scheme or its future prospects and returns; and is only the name of the Scheme/Plan. There can be no assurance that the objective of the Scheme/Plan/Mutual Fund will be achieved. Scheme specific risk factors: Investment in the Scheme shall be subject to various risks including but not limited to risk associated with: Investment in Equity and Equity related Instruments & Bonds such as Performance Risk, Credit Risk, Reinvestment Risk, Investment in Derivatives, Securitised Debt, etc. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.
Investment objective and classification: L&T Monthly Income Plan (an open ended income scheme with no assured returns): the primary investment objective is to generate monthly income through investments in a range of Debt, Equity and Money Market Instruments. Income will be distributed only if the same is earned by the scheme and there can be no assurance that the objective of the scheme will be realized.
Terms of Issue: Units of the Scheme are being offered at NAV based prices, subject to the prevailing loads. The AMC calculates and publishes NAVs and offers for sale, redemption and switch outs, units of the Scheme on all Business Days, at the Applicable NAV of the Scheme.
