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 Money Market Fund has been revised from ‘Low to Moderate’ to ‘Moderate’, LIC MF Equity Savings Fund has been revised from ‘Moderate’ to ‘Moderately High’ and LIC MF Consumption Fund has been revised from ‘Moderate’ to ‘Very High’.
All other details of the Product Label and all other terms and conditions of the aforesaid Schemes remains unchanged. The change in Risk-o-meter is 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 of the aforementioned Schemes remain unchanged.
