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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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LIC Mutual Fund has announced change in scheme name under the following schemes, with effect from 01 July 2022.

Change in Scheme name

Existing Scheme Name Revised Scheme Name
LIC MF ETF - Nifty 50LIC MF Nifty 50 ETF
LIC MF ETF - Nifty 100LIC MF Nifty 100 ETF
LIC MF ETF - SensexLIC MF S & P BSE Sensex ETF
LIC MF Index Fund - Nifty PlanLIC MF Nifty 50 Index Fund
LIC MF Index Fund - Sensex PlanLIC MF S & P BSE Sensex Index Fund
LIC MF Gsec Long Term ETFLIC MF Nifty 8-13 yr G-Sec ETF

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LIC Mutual Fund has announced change in exit load structure under LIC MF Balanced Advantage Fund, with effect from 01 July 2022.

Accordingly, the revised exit load will be:

12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units.

1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units

Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units

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LIC Mutual Fund has announced 23 June 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 Flexi Cap Fund - Direct Plan - IDCW Option: 0.25

LIC MF Large Cap Fund - Direct Plan - IDCW Option: 0.25

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: 0.15

LIC MF Tax Plan - Direct Plan - IDCW Option: 0.25

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LIC Mutual Fund has announced change in fund managers under the following schemes, with effect from 06 June 2022.

LIC MF Flexi Cap Fund and LIC MF Tax Plan:

Existing Fund Manager: Yogesh Patil

Revised Fund Manager: Amit Nadekar

LIC MF Unit Linked Insurance Scheme:

Existing Fund Managers: Yogesh Patil - Fund Manager (Equity Portion), Dikshit Mittal - Co Fund Manager (Equity Portion) & Sanjay Pawar - Fund Manager (Debt Portion)

Revised Fund Managers: Dikshit Mittal - Fund Manager (Equity Portion) & Sanjay Pawar - Fund Manager (Debt Portion)

LIC MF Equity Hybrid Fund:

Existing Fund Managers: Yogesh Patil - Fund Manager (Equity Portion), Karan Doshi - Co Fund Manager (Equity Portion) & Sanjay Pawar - Fund Manager (Debt Portion)

Revised Fund Managers: Karan Doshi - Fund Manager (Equity Portion) & Sanjay Pawar - Fund Manager (Debt Portion)

LIC MF Balanced Advantage Fund:

Existing Fund Managers: Yogesh Patil - Fund Manager (Equity Portion) & Rahul Singh - Fund Manager (Debt Portion)

Revised Fund Managers: Yogesh Patil - Fund Manager (Equity Portion), Jaiprakash Toshniwal - Co Fund Manager (Equity Portion) & Rahul Singh - Fund Manager (Debt Portion)

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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