LIC MF AMC announces Change in Risk-o-meter of Banking & PSU Debt Fund
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LIC Mutual Fund Asset Management has informed that pursuant to 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 the following Schemes of LIC Mutual Fund stands modified. The Risk-o-meter of LIC MF Banking & PSU Debt Fund (an open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions, and municipal bonds with Relatively High interest rate risk and Relatively Low Credit Risk) stands revised from Existing ‘Low to Moderate’ to ‘Moderate’. The above Risk-o-meter is based on evaluation of risk level of Scheme’s portfolio as on April 30, 2023.
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.
