Date:13/10/2006 URL: http://www.thehindu.com/2006/10/13/stories/2006101301891800.htm

Business - Briefly

LIC Mutual Fund's new plan

KOCHI: LIC Mutual Fund has come up with a fixed maturity plan, series 15 for corporates high net worth individuals (HNIs), and others which offers lucrative returns. The period of the present fixed maturity plan 15 is 13 months. The advantage of investing in fixed maturity plan is that there is no tax deducted at source, says a release here. Besides, the investors, especially corporates and HNIs, can have the benefit of indexation, whereby the net yield will be more. LICMF fixed maturity plan series 15 is open for purchase up to October 18, adds the release.