Mutual Fund Updates | LIC Mutual Fund

LIC Mutual Fund has announced change in exit load structure under the following schemes, with effect from 01 December 2022.

Accordingly, the revised exit load will be:

LICMF Banking & Financial Services Fund, LIC MF Infrastructure Fund and LIC MF Debt Hybrid Fund:

12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units.

1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units.

Nil, if redeemed or switched out after completion of 90 days from the date of allotment of units.

Powered by Capital Market - Live News

LIC Mutual Fund has announced that Mr. Dikshit Mittal is being appointed as Co - Fund Manager for LIC MF Multicap Fund. Mr. Dikshit Mittal is currently managing LICMF Unit Linked Insurance Scheme. He will continue to be a Key Personnel of LIC Mutual Fund Asset Management Limited, with effect from 01 December 2022.

Powered by Capital Market - Live News

LIC Mutual Fund has announced that Mr. Paul Alphonso Lobo has been appointed as an Associate Director on the board of LIC Mutual Fund Asset Management Ltd, with effect from 28 November 2022.

Details of Mr. Paul Alphonso Lobo

Designation & Age: Associate Director, 57 years

Qualification: MBA (Finance), B.Com

Powered by Capital Market - Live News

LIC Mutual Fund has announced 28 November 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 0.10

Direct Plan - IDCW Option: Rs 0.10

Powered by Capital Market - Live News

LIC Mutual Fund has announced that Ms. Shobha Reddy has resigned as a Nominee Director on the Board of LIC Mutual Fund Asset management Limited, with effect from 14 November 2022.

Powered by Capital Market - Live News

LIC Mutual Fund has announced change in Risk-O-Meter of LIC MF Government Securities Fund as follows, with immediate effect.

Name of the Scheme	Existing Risk-O-Meter	Revised Risk-O-Meter
LIC MF Government Securities Fund	Moderately High	Moderate

Powered by Capital Market - Live News

LIC Mutual Fund has announced 27 October 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 0.10

Direct Plan - IDCW Option: Rs 0.10

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

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 Fund	Moderate	Low to Moderate
LIC MF Ultra Short Term Fund	Low to Moderate	Low
LIC MF Money Market Fund	Moderate	Low to Moderate

Powered by Capital Market - Live News

LIC Mutual Fund Updates

22-Nov-2022 LIC Mutual Fund Announces Resignation of Nominee Director LIC MLIC Mutual Fund has announced that Ms. Shobha Reddy has resigned as a Nominee Director on the Board of LIC Mutual Fund Asset management Limited, with effect from 14 November 2022. Powered by Capital Market - Live News