News

LIC Mutual Fund files offers document for Multi Asset Allocation Fund LIC Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘LIC MF Multi Asset Allocation Fund’ (An open ended scheme investing in Equity, Debt and Gold). The New Fund Offer price is Rs 10. No entry load will be charged by the Scheme to the unitholders. If  units  of  the  Scheme  are  redeemed / switched-out within 3 months from the date of allotment: No exit load will be levied up to 12% of the units; and 1% will ...
LIC Mutual Fund files offers document for Multi Asset Allocation Fund
LIC Mutual Fund files offers document for Multi Asset Allocation Fund
Source: Accord Fintech
2024-11-21 04:06:14 pm
LIC AMC announces appointment of Equity Dealer LIC Mutual Fund Asset Management (AMC) has announced Modification in Statement of Additional Information (SAI). LIC Mutual Fund has informed that Siddhesh Parab has been appointed as Equity Dealer with effect from November 12, 2024. He has been designated as a Key Personnel for the schemes of LIC Mutual Fund. Brief details of Mr. Siddhesh Parab are as follows: Siddhesh Parab (39 years), possesses an MBA degree in Finance from Allana Institute of Management, Mumbai and B.com from Maharsh...
LIC AMC announces appointment of Equity Dealer
LIC AMC announces appointment of Equity Dealer
Source: Accord Fintech
2024-11-19 03:59:26 pm
LIC MF declares IDCW under Aggressive Hybrid Fund LIC Mutual Fund (MF) has informed that LIC Mutual Fund Trustee, the Trustee to LIC Mutual Fund, has approved distribution under Income Distribution cum Capital Withdrawal (IDCW) under LIC MF Aggressive Hybrid Fund (the scheme). The record date for the same is October 24, 2024, 2024 or the immediate next Business Day if that day is not a Business Day. The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.10 under Regular Plan-IDCW Option.
LIC MF declares IDCW under Aggressive Hybrid Fund
LIC MF declares IDCW under Aggressive Hybrid Fund
Source: Accord Fintech
2024-10-23 03:00:23 pm
LIC MF launches new manufacturing fund, NFO available till Oct 4 LIC Mutual Fund on Friday launched 'LIC MF Manufacturing Fund', an open-ended equity scheme "following a manufacturing theme".  This fund's objective is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of companies following manufacturing themes. There is no assurance that the investment objective of the Scheme will be achieved. The NFO (new fund offering) of the scheme has opened for subscription fr...
LIC MF launches new manufacturing fund, NFO available till Oct 4
LIC MF launches new manufacturing fund, NFO available till Oct 4
Source: IANS
2024-09-20 03:19:06 pm
LIC AMC introduces Auto Switch Facility during NFO period LICMutual Fund Asset Management (AMC) has announced Modification to Statement of Additional Information (SAI) of LIC Mutual Fund. LIC Mutual Fund Asset Management has informed that LIC Mutual Fund Asset Management (AMC), Investment Manager to LIC Mutual Fund, has decided to introduce Auto Switch Facility during the New Fund Offers (NFO) by the AMC with immediate effect. Accordingly, the following terms and conditions of the Facility stands incorporated in the SAI of LIC Mutual Fund: &ldquo...
LIC AMC introduces Auto Switch Facility during NFO period
LIC AMC introduces Auto Switch Facility during NFO period
Source: Accord Fintech
2024-09-13 05:18:37 pm
LIC AMC announces change in risk-o-meter under various schemes 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...
LIC AMC announces change in risk-o-meter under various schemes
LIC AMC announces change in risk-o-meter under various schemes
Source: Accord Fintech
2024-07-05 03:33:05 pm
LIC Mutual Fund Asset Management announces Opening of new branch at Noida LIC Mutual Fund has informed that, LIC Mutual Fund Asset Management (Investment Manager to LIC Mutual Fund) is opening a new Branch office at the below mentioned location with effect from July 02, 2024: Office No. 525, 5th Floor, Super Area Wave Silver Tower, Sector18, Noida, Uttar Pradesh – 201301. The above new branch office will be an Official Point of Acceptance for Transactions of Schemes of LIC Mutual Fund. This Notice cum Addendum shall form an integral part of the Scheme Info...
LIC Mutual Fund Asset Management announces Opening of new branch at Noida
LIC Mutual Fund Asset Management announces Opening of new branch at Noida
Source: Accord Fintech
2024-07-02 02:36:29 pm
LIC AMC announces appointment of Co-Chief Investment Officer LIC Mutual Fund Asset Management (AMC) has announced addendum to the Statement of Additional Information (SAI) of Schemes of LIC Mutual Fund. LIC Mutual Fund has informed that, Nikhil Rungta has been appointed as Co-Chief Investment Officer (CIO) - Equity, a Key Personnel for Schemes of LIC Mutual Fund with effect from 19th June 2024.  The brief details of Nikhil Rungta are as follows: Nikhil Rungta (40 years) is a B.com graduate from Narsee Monjee College of Commerce, Mumbai and p...
LIC AMC announces appointment of Co-Chief Investment Officer
LIC AMC announces appointment of Co-Chief Investment Officer
Source: Accord Fintech
2024-06-28 02:15:20 pm
LIC AMC announces change in risk-o-meter of Equity Savings Fund & Overnight Fund 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. LIC Mutual Fund Asset Management has informed that pursuant to paragraph 17.4 of SEBI Master Circular for Mutual Funds dated 19th May 2023, regarding Product Labeling in Mutual Funds, the risk profiling of LIC MF Equity Savings Fund (an open-ended scheme investing in equity, arbitrage and debt) stands revised from ...
LIC AMC announces change in risk-o-meter of Equity Savings Fund & Overnight Fund
LIC AMC announces change in risk-o-meter of Equity Savings Fund & Overnight Fund
Source: Accord Fintech
2024-06-07 04:44:41 pm
Quote on MPC Announcement from Mr. Marzban Irani, CIO of Fixed Income at LIC Mutual Fund Below the Quote on MPC Announcement from Mr. Marzban Irani, CIO of Fixed Income at LIC Mutual Fund   - Repo rate unchanged at 6.5%. - Growth numbers are strong and expected around 7.2% this year. - Inflation expectations at 4.5%. Our view: Liquidity will be actively managed at both the ends. Neither tight nor loose. 10-year G-Sec yields expected to be range bound between 6.95 to 7.10   Above views are of the author and not of the website kindly read disclaim...
Quote on MPC Announcement from Mr. Marzban Irani, CIO of Fixed Income at LIC Mutual Fund
Quote on MPC Announcement from Mr. Marzban Irani, CIO of Fixed Income at LIC Mutual Fund
Source: LIC Mutual Fund
2024-06-07 04:16:14 pm
LIC MF declares IDCW under Aggressive Hybrid Fund LIC Mutual Fund (MF) has informed that LIC Mutual Fund Trustee, the Trustee to LIC Mutual Fund, has approved distribution under Income Distribution cum Capital Withdrawal (IDCW) under LIC MF Aggressive Hybrid Fund (the scheme). The record date for the same is April 29, 2024 or the immediate next Business Day if that day is not a Business Day. The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.10 under Regular Plan-IDCW Option.
LIC MF declares IDCW under Aggressive Hybrid Fund
LIC MF declares IDCW under Aggressive Hybrid Fund
Source: Accord Fintech
2024-04-25 04:22:05 pm
LIC Mutual Fund Asset Management (AMC) announces Revision in terms and conditions for cancellation of SIP LIC Mutual Fund has informed that in accordance with SEBI Letter No. SEBI/HO/OW/IMD/IMD-SEC1/P/2024/270/1 dated January 03, 2024, pertaining to ‘Uniformity in Cancellation of SIPs cross Mutual Funds’ the terms and conditions for Systematic Investment Plan (SIP) Cancellation stands revised as follows with effect from April 01, 2024. 1. In case of Daily and Monthly frequencies, the SIP registration will stand cancelled in case of 3 consecutive failed debits attempts. 2. In cas...
LIC Mutual Fund Asset Management (AMC) announces Revision in terms and conditions for cancellation of SIP
LIC Mutual Fund Asset Management (AMC) announces Revision in terms and conditions for cancellation of SIP
Source: Accord Fintech
2024-04-02 04:55:31 pm
LIC AMC announces change in address of ISC & OPA LIC Mutual Fund Asset Management has informed that Investor Service Centres (ISC) and Official Points of Acceptance (OPA) of KFin Technologies located at ‘KFin Technologies, 123, First Floor, Megh Malhar Complex, Opp Vijay Petrol Pump, Sector -11, Gandhinagar, Gujarat, 382011’ Phone No: 079 23244955 is shifting to new premises at ‘KFin Technologies, 138 - Suyesh solitaire, near Podar International School, Kudasan, Ganghinagar-382421, Gujarat’ with effect from April 01,...
LIC AMC announces change in address of ISC & OPA
LIC AMC announces change in address of ISC & OPA
Source: Accord Fintech
2024-04-01 02:27:48 pm
LIC Mutual Fund Asset Management announces Modification in SAI LIC Mutual Fund has announced that the Shareholding Pattern of LIC Mutual Fund Asset Management (AMC) given under the heading ‘D. Asset Management Company’ under Section ‘I. Information about Sponsor, AMC And Trustee Company’ stands revised.  Revised Shareholding Pattern: Life Insurance Corporation of India (including 7 nominee shareholders): 44.61%, LIC Housing Finance: 33.52%, GIC Housing Finance: 9.98%, Union Bank of India: 3.40%  and IDBI Asset Ma...
LIC Mutual Fund Asset Management announces Modification in SAI
LIC Mutual Fund Asset Management announces Modification in SAI
Source: Accord Fintech
2024-03-11 04:18:51 pm
LIC Mutual Fund declares IDCW under Aggressive Hybrid Fund LIC Mutual Fund (MF) has informed that LIC Mutual Fund Trustee, the Trustee to LIC Mutual Fund, has approved distribution under Income Distribution cum Capital Withdrawal (IDCW) under LIC MF Aggressive Hybrid Fund (the scheme). The record date for the same is 27th February 2024 or the immediate next Business Day if that day is not a Business Day. The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.10 under Regular Plan-IDCW Option.
LIC Mutual Fund declares IDCW under Aggressive Hybrid Fund
LIC Mutual Fund declares IDCW under Aggressive Hybrid Fund
Source: Accord Fintech
2024-02-26 03:56:28 pm
LIC Mutual Fund appoints Mr. Ravi Kumar Jha as Managing Director and Chief Executive Officer LIC Mutual Fund Asset Management Limited has announced the appointment of Mr. Ravi Kumar Jha as its Managing Director and Chief Executive Officerwith effect from 31stJanuary 2024. Mr. Jha, with a distinguished career and prior association with LIC, comes with a proven track record of over 30 years in handling diverse positionsand he was serving as Executive Director-Corporate Strategy tillDecember 2023. His Previous roles include Executive Director Corporate Strategy – LIC Mutu...
LIC Mutual Fund appoints Mr. Ravi Kumar Jha as Managing Director and Chief Executive Officer
LIC Mutual Fund appoints Mr. Ravi Kumar Jha as Managing Director and Chief Executive Officer
Source: PR Agency
2024-02-06 12:17:06 pm
LIC Mutual Fund Asset Management announces opening of new branches of ISC LIC Mutual Fund has informed about addition of the following branches to the list of Investor Service Centres (ISC) and Official Points of Acceptance (OPA) of KFin Technologies with effect from February 01, 2024.  Address: 1) 11/Platinum mall, Jawahar Road, Ghatkopar (East) Mumbai-400077. 2) G-7/465 A, Govind Park, Sadar Bazaar, Satatra-415001. 3) Plot no-17, S.No.322, Near Ganesh Colony, Savedi, Ahmednagar-414001. The aforesaid ISCs will be an Official Point of Acceptance for Transac...
LIC Mutual Fund Asset Management announces opening of new branches of ISC
LIC Mutual Fund Asset Management announces opening of new branches of ISC
Source: Accord Fintech
2024-01-31 03:03:52 pm
LIC Mutual Fund Asset Management (AMC) announces resignation of MD & CEO LIC Mutual Fund has informed that T.S. Ramakrishnan, Managing Director & Chief Executive Officer (CEO) has resigned from the services of AMC, by attaining superannuation at LIC of India and hence ceases to be a Key Personnel for the schemes of LIC Mutual Fund from the close of business hours of December 28, 2023. All references of T.S. Ramakrishnan in the SAI stand deleted. This Notice cum addendum shall form an integral part of the SAI of LIC Mutual Fund as amended from time to time. ...
LIC Mutual Fund Asset Management (AMC) announces resignation of MD & CEO
LIC Mutual Fund Asset Management (AMC) announces resignation of MD & CEO
Source: Accord Fintech
2024-01-01 12:10:00 pm
LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management Life Insurance Corporation of India is currently trading at Rs. 774.00, up by 0.20 points or 0.03% from its previous closing of Rs. 773.80 on the BSE. The scrip opened at Rs. 774.05 and has touched a high and low of Rs. 783.90 and Rs. 771.10 respectively. So far 181223 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.35 on 08-Dec-2023 and a 52 week low of Rs. 530.20 on 29-Mar-2023. Last one week high and low...
LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management
LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management
Source: Accord Fintech
2023-12-11 02:55:23 pm
LIC AMC announces opening of new branch at Jamshedpur LIC Mutual Fund Asset Management (AMC) has informed that the AMC (Investment Manager to LIC Mutual Fund) is opening a new Branch office at ‘LIC Divisional Office, Jeevan Prakash Building, 3rd floor, Bistupur, Jamshedpur-831001, Jharkhand’ with effect from December 08, 2023. The new branch office will be an Official Point of Acceptance for Transactions of LIC Mutual Fund.  This Notice cum Addendum shall form an integral part of the Scheme Information Document and Key Inform...
LIC AMC announces opening of new branch at Jamshedpur
LIC AMC announces opening of new branch at Jamshedpur
Source: Accord Fintech
2023-12-06 03:41:58 pm
LIC Mutual Fund Asset Management announces change in location of OPA of KFin LIC Mutual Fund Asset Management has informed that branch of Investor Service Centre (ISC) and Official Points of Acceptance (OPA) of KFin Technologies located at ‘1st floor, Marvel Building Opp. Sl Electricals Uppalam Road, Statue Po. Trivandrum 695001’ Contact details: 0471-4012377 is shifting to new premises ‘3rd Floor, No- 3B TC-82/3417, Capitol Center, Opp Secretariat, Mg Road, Trivandrum- 695001, Kerala’ Contact details: 9400495021 with effect from Wednesday, Nov...
LIC Mutual Fund Asset Management announces change in location of OPA of KFin
LIC Mutual Fund Asset Management announces change in location of OPA of KFin
Source: Accord Fintech
2023-11-29 04:30:28 pm
LIC Mutual Fund launches a campaign to promote women participation in Systematic Investment Plan (SIP) Highlighting the need of incorporating new financial products in women’s investment portfolio, LIC Mutual Fund (LIC MF) has launched a campaign to promote increased women participation in mutual funds through SIP. https://youtu.be/zYTgA_SrKec The main objective of this campaign is to give maximum visibility to the unique features of SIP and promote its advantages among women, especially those who rely on conventional financial products to park their hard-earned money. The campaign...
LIC Mutual Fund launches a campaign to promote women participation in Systematic Investment Plan (SIP)
LIC Mutual Fund launches a campaign to promote women participation in Systematic Investment Plan (SIP)
Source: PR Agency
2023-11-23 05:17:45 pm
LIC Mutual Fund Asset Management (AMC) announces change in risk-o-meter of schemes LIC Mutual Fund has informed that pursuant to Paragraph 17.4 of SEBI Master Circular for Mutual Funds dated May 19, 2023, regarding Product Labeling in Mutual Fund, the risk profiling of 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 the Risk-o-meter of LIC MF Conservative Hybrid Fund (an open ended hybrid scheme Investi...
LIC Mutual Fund Asset Management (AMC) announces change in risk-o-meter of schemes
LIC Mutual Fund Asset Management (AMC) announces change in risk-o-meter of schemes
Source: Accord Fintech
2023-11-08 05:00:59 pm
LIC AMC announces appointment of Associate Director LIC Mutual Fund Asset Management has informed that Tribhuwan Adhikari (DIN: 10229197) has been appointed as Associate Director on the Board of LIC Mutual Fund Asset Management with effect from September 06, 2023. Brief Profile of Tribhuwan Adhikari is as follows: Tribhuwan Adhikari (age 57 years) and his qualification is B.com. Tribhuwan Adhikari is currently employed with LIC Housing Finance as Managing Director & CEO (3rd August, 2023- till date). He also served as Chief Operating ...
LIC AMC announces appointment of Associate Director
LIC AMC announces appointment of Associate Director
Source: Accord Fintech
2023-09-11 04:08:19pm