The investment objective of the scheme is to generate regular income by investing mainly in quality debt and money market instruments. It also seeks to generate capital appreciation in a long term by investing in equity/equity related instruments.
LIC MF Conservative Hybrid Fund - Direct Plan - Growth charges 1.0% of sell value; if fund sold before 90 days. There are no other charges.
Any profit will be clubbed with your income and taxed at your effective tax rate.