LIC Mutual Fund AMC announces cessation of Key Personnel and & change in Fund Management Responsibilities
LIC Mutual Fund Asset Management (AMC) has announced addendum to Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Select Existing Schemes and Statement of additional Information (SAI) of LIC Mutual Fund.
LIC Mutual Fund has informed that, Dikshit Mittal, Senior Fund Manager- Equity has resigned from the services of the AMC and shall cease to be the Fund Manager of select schemes of LIC Mutual Fund and Key Personnel of AMC from the close of business hours of October 26, 2026.
In view of the above, the Fund Management responsibilities for the select schemes of LIC Mutual Fund shall be revised as under with effect from October 27, 2026:
The Fund Managers of LIC MF Multi Cap Fund stands revised from Dikshit Mittal, Mahesh Bendre & Nikhil Kapoor to Mahesh Bendre & Nikhil Kapoor, the Fund Manager(s) of LIC MF Small Cap Fund stands revised from Dikshit Mittal & Sudhanshu Asthana to Sudhanshu Asthana, the Fund Manager(s) of LIC MF Dividend Yield Fund stands revised from Dikshit Mittal & Sumit Bhatnagar to Sumit Bhatnagar, the Fund Manager(s) of LIC MF Technology Fund stands revised from Sumit Bhatnagar & Siddharth Panjwani to Siddharth Panjwani, the Fund Manager(s) of LIC MF Consumption Fund stands revised from Sumit Bhatnagar & Nikhil Kapoor to Nikhil Kapoor, the Fund Manager(s) of LIC MF Balanced Advantage Fund stands revised from Mahesh Bendre (Equity) & Rahul Singh (Debt) to Siddharth Panjwani (Equity) & Rahul Singh (Debt).
Accordingly, the relevant sections of SID and KIM of the aforementioned Schemes and SAI of the LIC Mutual Fund stands modified. This Notice cum addendum shall form an integral part of the SID, KIM of the aforementioned Schemes and SAI of LIC Mutual Fund as amended from time to time.
