To preserve capital in a bearish market, the scheme may invest up to 35 per cent in debt or money market instruments.

The initial public offer is open between June 2 and July 1.

The offer opens on June 14 and closes on July 12. The scheme will invest in 30-40 stocks with a cap of 10 per cent for an individual stock and 30 per cent for a sector.

Similar to most mid-cap funds, this scheme too will invest 65 per cent of assets in mid-cap stocks and the rest in other stocks or debt instruments.

No entry load will be levied for investments of less than Rs 1 lakh in LIC MF Equity, LIC MF Growth and LIC MF Opportunities.

There will, however, be an exit load of 2.25 per cent for withdrawal before two years.

Till now, LIC MF was levying an entry load of 2 per cent. For investments above Rs 1 lakh and below Rs 1 crore, there would be an entry load of 2 per cent but no exit load.

No entry or exit loads for investments in excess of Rs 1 crore.

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