LIC AMC announces Change in risk-o-meter of Balanced Advantage Fund
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LIC Mutual Fund Asset Management has announced that pursuant to Securities and Exchange Board of India (SEBI) circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, regarding Product Labeling in Mutual Fund Schemes - Risk-o-meter, the risk profiling of LIC MF Balanced Advantage Fund (the scheme) of LIC MF stands modified. The risk-o-meter of LIC MF Balanced Advantage Fund (an open-ended Dynamic Asset Allocation Fund) stands revised from existing ‘Moderately High’ to ‘Very High. The above Risk-o-meter is based on evaluation of risk level of Scheme’s portfolio as on 28th February 2023.
There is no change in Risk-o-meter of other schemes of the Fund and the change in Risk-o-meter will be evaluated on a monthly basis. This notice cum addendum will form an integral part of SID and KIM of the Scheme of the Fund as amended from time to time. All other terms and conditions of the Scheme will remain unchanged.
