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LIC Mutual Fund has announced that Mr. Dhawal Pandya has been appointed as Equity Dealer and key personnel of LIC Mutual Fund Asset Management Limited, with effective from 28 September 2022.

Details of Mr. Dhawal Pandya

Age: 41 years

Designation: Equity Dealer

Qualification: P.G.D.B.M., B.Com.

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LIC Mutual Fund has launched a new fund named as LIC MF Multi Cap Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Multi Cap Fund

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 500 and in multiples of Re. 1/- thereafter.

Load structure: Entry Load - NIL. Exit Load - 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units. 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

First Tier Benchmark Index for the scheme is NIFTY 500 Multicap 50:25:25 TRI

The fund manager of the scheme is Mr. Yogesh Patil.

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LIC Mutual Fund has announced 27 September 2022 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

LIC MF Equity Hybrid Fund - Direct Plan - IDCW Option: 0.10

LIC MF Equity Hybrid Fund - Regular Plan - IDCW Option: 0.15

LIC MF Flexi Cap Fund - Regular Plan - IDCW Option & Direct Plan - IDCW Option: 0.25 each.

LIC MF Large & Mid Cap Fund - Regular Plan - IDCW Option & Direct Plan - IDCW Option: 0.25 each.

LIC MF Tax Plan - Regular Plan - IDCW Option & Direct Plan - IDCW Option: 0.25 each.

LIC MF Balanced Advantage Fund - Regular Plan - IDCW Option & Direct Plan - IDCW Option: 0.15 each.

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LIC Mutual Fund has announced change in Risk-O-Meter under the following schemes, with immediate effect.

Name of the Scheme Risk-o-meter as on July 31, 2022 / Existing Risk-o-meter Risk-o-meter as on August 31, 2022
LIC MF Government Securities FundModerateLow to Moderate
LIC MF Ultra Short Term FundLow to ModerateLow
LIC MF Money Market FundModerateLow to Moderate

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LIC Mutual Fund has announced that Mr. Devang Kothari has been appointed as Fixed Income Dealer and key personnel of LIC Mutual Fund, with effective from 01 September 2022.

Details of Mr. Devang Kothari

Age: 38 years

Designation: Fixed Income Dealer

Qualification: MBA (Finance), B.Com.

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LIC Mutual Fund announced that the new branch office of LIC Mutual Fund Asset Management Limited:

Name of Point of Acceptance (Branch) Address Effective Date
VijayawadaLIC Mutual Fund Asset Management Ltd
D.no: 40-9-62/A, 3rd Floor,
Rammohan Building, Kalanagar Road,
Vijayawada, Andhra Pradesh-520010
Mob: 9494135060
29 August 2022

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LIC Mutual Fund has announced 25 August 2022 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the IDCW option of LIC MF Equity Hybrid Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

Regular Plan - IDCW Option: Rs 0.07

Direct Plan - IDCW Option: Rs 0.10

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LIC Mutual Fund has announced that Kunal Koladiya, Debt Dealer has resigned from the services of LIC Mutual Fund Asset Management Limited, with effect from 20 July 2022.

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LIC Mutual Fund has announced 25 July 2022 as the record date for declaration of IDCW on the face value of Rs 10 per unit under Regular IDCW Plan & Direct IDCW Plan of LIC MF Equity Hybrid Fund. The rate of IDCW will be Rs 0.10 per unit under each plan / option as on the record date.

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Investor are requested to note that, pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 read with circular no. SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings, irrespective of the amount of investment, under all mutual fund schemes. To know more about payment modes available : CLICK HERE   |   Pursuant to the guidelines received from AMFI and latest directives of Central & State Governments and Municipal authorities, branch offices of LIC MF AMC and the ISCs (“Official Points of Acceptance”) of the RTA (M/s. KFin Technologies Pvt. Ltd) shall be closed effective 23-March-2020 and thereby no physical transactions shall be accepted till situation improves. Investors are requested to only adopt online means of transacting. For more information click here | KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKET - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY {MUTUAL FUND, BROKER, DEPOSITORY, PARTICIPANTS, ETC.}, YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY