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L&T Mutual Fund has launched an open-ended debt scheme — L&T Short Term Debt Fund, aimed at both the retail and institutional investors. The new fund offer will open on December 7 and close on December 21.
The scheme would invest between 65 to 100 per cent of its corpus in debt and money market instruments with residual maturity up to 24 months, said a release from the company.
The portfolio could comprise of CD's, CP's, government securities, money market and other debt/ fixed income instruments having shorter-term maturity.
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