LIC Mutual Fund Asset Management announces change in risk-o-meter of designated schemes
LIC Mutual Fund Asset Management (AMC) 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 has informed that the risk profiling of LIC MF Gold ETF Fund of Fund has been revised from ‘Very High’ to ‘High’ and risk-o-meter of LIC MF Consumption Fund has been revised from ‘Very High’ to ‘Moderate’.
The AMC has informed that New Fund Offer (NFO) of LIC MF Consumption Fund was from October 31, 2025 till November 14, 2025 and the allotment of units was made on October 21, 2025. In line with SEBI circular ref no. SEBI/HO/IMD/IMDPoD-1/P/CIR/2025/23 dated February 27, 2025 with respect to Timelines for deployment of funds collected by Asset Management Companies (AMCs) in NFO, the AMC is in the process of deployment of the NFO proceeds as per the asset allocation of the scheme.
All other details of the Product Label and all other terms and conditions of the aforesaid Schemes remains unchanged. Any change in Risk-o-meter of the Scheme and/or Benchmark will be communicated by way of Notice-cum-Addendum and by an email or SMS to unitholders of that Scheme.
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