LIC AMC announces change in risk-o-meter under various schemes
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LIC Mutual Fund Asset Management has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Designated Scheme(s) of LIC Mutual Fund.
Pursuant to paragraph 17.4 of SEBI Master Circular for Mutual Funds dated 27th June 2024, regarding Product Labeling in Mutual Funds, LIC Mutual Fund Asset Management has informed that the risk profiling of LIC MF Equity Savings Fund (an open-ended scheme investing in equity, arbitrage and debt) stands revised from ‘Moderate’ to Moderately High’, LIC MF Overnight Fund (an open-ended debt scheme investing in overnight securities with Relatively Low Interest Rate Risk and Relatively Low Credit Risk) stands revised from ‘Low to Moderate’ to ‘Low’ and LIC MF Balanced Advantage Fund (an open ended Dynamic Asset Allocation Fund) stands revised from ‘Very High to Moderately High’. The change in Risk-o-meter will be evaluated on a monthly basis and there is no change in Risk-o-meter of other Schemes of LIC Mutual Fund.
This Notice cum Addendum forms an integral part of the SID and KIM of the aforementioned Schemes of LIC Mutual Fund as amended from time to time. All other terms & conditions of the SID and KIM remain unchanged.
