LIC Mutual Fund Asset Management announces change in benchmark
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LIC Mutual Fund has informed that pursuant to CRISIL communication to AMFI and subsequent AMFI communication to LIC Mutual Fund Asset Management (AMC), the nomenclature of Benchmarks for following schemes of LIC Mutual Fund are being revised with effect from April 03, 2023.
The Existing Benchmark of LIC MF Bond Fund (the scheme) is CRISIL Medium to Long Duration Fund BIII Index, while the Revised Benchmark will be CRISIL Medium to Long Duration Debt B-III Index, LIC MF Liquid Fund the Existing Benchmark is CRISIL Liquid Fund BI Index, while the Revised Benchmark will be CRISIL Liquid Debt B-I Index, LIC MF Savings Fund the Existing Benchmark is CRISIL Low Duration Fund BI Index, while the Revised Benchmark will be CRISIL Low Duration Debt B-I Index, LIC MF Short Term Debt Fund the Existing Benchmark is CRISIL Short Duration Fund BII Index, while the Revised Benchmark will be CRISIL Short Duration Debt B-II Index and Existing Benchmark of LIC MF Ultra Short-Term Fund is CRISIL Ultra Short Duration Fund BI Index, while the Revised Benchmark will be CRISIL Ultra Short Duration Debt B-I Index.
This Notice cum addendum shall form an integral part of the Scheme Information Documents (SIDs) and Key Information Memorandum (KIMs) of the aforementioned scheme(s) of LIC Mutual Fund as amended from time to time. All other terms and conditions of the Schemes will remain unchanged.
