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LIC Mutual Fund has announced that the exit load of the following Schemes will be revised as under with effect from September 18, 2023 (?Effective Date?):

Change in Exit Load:

Fund Name Current Exit Load (if applicable) Revised Exit Load (if applicable)
LIC MF SmallCap Fund 1% for exit (redemption/switch out/transfer/SWP) within 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
LIC MF Dividend Yield Fund Nil, If units of the Scheme are redeemed or switched out up to 10% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
LIC MF Focused 30 Equity Fund 1% for exit (redemption/switch out/transfer/SWP) within 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
LIC MF Midcap Fund 1% for exit (redemption/switch out/transfer/SWP) within 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
LIC MF Long Term Value Fund Nil, If units of the Scheme are redeemed or switched out up to 10% of the units (the limit) within 12 months from the date of allotment. If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment - 1% of the applicable NAV. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
LIC MF Healthcare Fund 1% for exit (redemption/switch out/transfer/SWP) within 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 90 days from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 90 days from the date of allotment. Nil, If units of scheme are redeemed or switched out after 90 days from the date of allotment.
LIC MF Equity Savings Fund 1% for exit (redemption/switch-out/transfer/SWP) within 12 months from the date of allotment. Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 3 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 3 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 3 months from the date of allotment.
LIC MF Gold ETF Fund of Fund 1% for exit (redemption/switch-out/transfer/SWP) within 12 months from the date of allotment. 1% for exit (redemption/switch-out/transfer/SWP) within 15 days from the date of allotment. Nil, if units of scheme are redeemed or switched out after 15 days from the date of allotment.

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LIC Mutual Fund has announced 20 September 2023 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the IDCW option of LIC MF Aggressive Hybrid Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

Regular Plan - IDCW Option: Rs 0.10

Direct Plan - IDCW Option: Rs 0.10

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LIC Mutual Fund has announced that Mr. Aakash Parash Dhulia has been appointed as Fixed Income Dealer w.e.f. 8(th) September 2023. He will be a Key Personnel for schemes of LIC Mutual Fund.

Details of Mr. Aakash Parash Dhulia

Age: 30 years

Designation: Fixed Income Dealer

Qualification: ? PGDBM Finance- NL Dalmia Institute of Management Studies and Research, Mumbai ? BE (Computer Science)- Rajiv Gandhi Institute of Technology, Mumbai

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LIC Mutual Fund has announced that Mr. Satish Kamat, ceases to be an Independent Director on the Board of LIC Mutual Fund Asset Management Limited (?AMC?) with effect from the close of the business hours of August 29, 2023.

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LIC Mutual Fund has announced 29 August 2023 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the IDCW option of LIC MF Aggressive Hybrid Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

Regular Plan - IDCW Option: Rs 0.10

Direct Plan - IDCW Option: Rs 0.10

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LIC Mutual Fund has announced change in scheme name under the following scheme, with effect from 07 August 2023.

Change in the Scheme Name:

Existing Name of the Schemes Revised Name of the Schemes
LIC MF Debt Hybrid Fund LIC MF Conservative Hybrid Fund
LIC MF Govt. Securities Fund LIC MF Gilt Fund
LIC MF Savings Fund LIC MF Low Duration Fund

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1. Appointment of Fund Manager:

LIC Mutual Fund has announced that Mr. Yash Dhoot has been appointed as Fund Manager w.e.f. 31(st) July 2023. He will be a Key Personnel for schemes of LIC Mutual Fund.

Details of Mr. Yash Dhoot

Age: 25 years

Designation: Fund Manager

Qualification: MBA (Finance) - L.N. Welingkar Institute of Management Development and Research B.Com - Sant. Gadge Baba AmravatiUniversity

2. Change in Fund Management responsibilities:

Pursuant to merger and takeover of schemes of IDBI Mutual Fund by LIC Mutual Fund, it is proposed to appoint the below Fund Managers to manage the schemes of IDBI Mutual Fund with effect from 31(st) July 2023:

Change in Fund Management Responsibilities:

IDBI MF Scheme name Proposed new name for LIC MF scheme Fund Managers
IDBI Gold Exchange Traded Fund LIC MF Gold Exchange Traded Fund Mr. Yash Dhoot
IDBI Gold Fund LIC MF Gold ETF Fund of Fund Mr. Yash Dhoot
IDBI Small Cap Fund LIC MF Small Cap Fund Mr. Yogesh Patil- Fund Manager and Mr. Dikshit Mittal - Co Fund Manager
IDBI Midcap Fund LIC MF Mid cap Fund Mr. Karan Doshi - Fund Manager and Mr. Dikshit Mittal - Co Fund Manager
IDBI Long Term Value Fund LIC MF Long Term Value Fund Mr. Karan Doshi - Fund Manager and Mr. Jaiprakash Toshniwal - Co Fund Manager
IDBI Equity Savings Fund LIC MF Equity Savings Fund Mr. Jaiprakash Toshniwal (Equity & Arbitrage) and Mr. Marzban Irani (Debt)
IDBI Healthcare Fund LIC MF Healthcare Fund Mr. Karan Doshi
IDBI Focused 30 Equity Fund LIC MF Focused 30 Equity Fund Mr. Jaiprakash Toshniwal
IDBI Nifty Junior Index Fund LIC MF Nifty Next 50 Index Fund Mr. Jaiprakash Toshniwal
IDBI Dividend Yield Fund LIC MF Dividend Yield Fund Mr. Dikshit Mittal

The Fund Management responsibilities of the following Schemes of LIC Mutual Fund are also being changed with effect from 31(st) July 2023:

Scheme Name Existing Fund Manager New Fund Manager (s)
LIC MF Flexi Cap Fund Mr. Amit Nadekar Mr. Jaiprakash Toshniwal
LIC MF Tax Plan Mr. Amit Nadekar Mr. Dikshit Mittal- Fund Manager and Mr. Karan Doshi - Co Fund Manager

Mr. Amit Nadekar also ceases to be a Key personnel for schemes of LIC Mutual Fund.

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LIC Mutual Fund has announced 24 July 2023 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the following schemes.. The amount of IDCW on the face value of Rs 10 per unit will be:

LIC MF Equity Hybrid Fund:

Regular Plan - IDCW Option: Rs 0.10

Direct Plan - IDCW Option: Rs 0.10

LIC MF Tax Plan:

Regular Plan - IDCW Option: Rs 0.25

Direct Plan - IDCW Option: Rs 0.25

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

Name of Scheme Existing Risk-o-meter Revised Risk-o-meter
LIC MF Short Term Debt Fund Moderate Low to Moderate

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LIC Mutual Fund has announced that Mr. Sudarshan Pillai as has been appointed as an Chief Information Security Officer (CISO) and a Key Personnel for schemes of LIC Mutual Fund with effect from 01 July 2023.

Details of Mr. Sudarshan Pillai

Age: 43 years

Designation: Chief Information Security Officer (CISO)

Qualification: ? Diploma in Computer Hardware, ? BCOM, ? CEHv7, ? ITIL Foundation, ? Cloud Computing Foundation, ? Certified Web Application Security Professional, ? ISO/IEC 27001:2013 Lead Auditor

Mr. Prashant Thakkar ceases to be the CISO.

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LIC Mutual Fund has announced 26 June 2023 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 0.10

Direct Plan - IDCW Option: Rs 0.10

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LICMF Delhi branch will remain closed on 8th Sept to 10th Sept on account of public holiday declared by Delhi Govt. for G-20 Summit. 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