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LIC Mutual Fund has announced that M Govindaraju has been appointed as CFO of LIC Mutual Fund, with effective from 27 October 2020.

Details of M Govindaraju

Age: 57 years

Designation: Chief Financial Officer

Qualification: B.Com, CA & CS.

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LIC Mutual Fund has announced 28 October 2020 as the record date for the declaration of dividend on the face value of Rs 10 per unit under the following schemes. The amount of dividend (Rs per unit) will be:

LIC MF Banking & PSU Debt Fund - Regular Plan - Monthly Dividend Option & Direct Plan - Monthly Dividend Option: 0.06 each.

LIC MF Debt Hybrid Fund - Direct Plan - Monthly Dividend Option: 0.06.

LIC MF Savings Fund - Regular Plan - Monthly Dividend Option: 0.06.

LIC MF Arbitrage Fund - Direct Plan - Monthly Dividend Option: 0.06.

LIC MF Equity Hybrid Fund - Regular Plan - Dividend Option & Direct Plan - Dividend Option: 0.10 each.

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LIC Mutual Fund has announced 29 September 2020 as the record date for the declaration of dividend on the face value of Rs 10 per unit under the following schemes. The amount of dividend (Rs per unit) will be:

LIC MF Banking & PSU Debt Fund - Regular Plan - Monthly Dividend Option & Direct Plan - Monthly Dividend Option: 0.06 each.

LIC MF Debt Hybrid Fund - Regular Plan - Monthly Dividend Option: 0.05

LIC MF Debt Hybrid Fund - Direct Plan - Monthly Dividend Option: 0.06

LIC MF Debt Hybrid Fund - Regular Plan - Quarterly Dividend Option: 0.18

LIC MF Savings Fund - Regular Plan - Monthly Dividend Option: 0.06.

LIC MF Arbitrage Fund - Direct Plan - Monthly Dividend Option: 0.06

LIC MF Equity Hybrid Fund - Regular Plan - Dividend Option & Direct Plan - Dividend Option: 0.10 each.

LIC MF Multicap Fund - Direct Plan - Dividend Option: 0.50

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

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LIC Mutual Fund has announced change in fund managers under the following schemes, with effect from 18 September 2020.

LIC MF Large Cap Fund:

Existing Fund Managers: Sachin Relekar & Ritu Modi

Revised Fund Managers: Yogesh Patil & Ritu Modi

LIC MF Large & Midcap Fund:

Existing Fund Manager: Sachin Relekar

Revised Fund Manager: Yogesh Patil

LIC MF Unit Linked Insurance Scheme:

Existing Fund Managers: Sachin Relekar (Equity Portion) & Marzban Irani (Debt Portion)

Revised Fund Managers: Yogesh Patil, Ritu Modi (Equity Portion) & Marzban Irani (Debt Portion)

LIC MF Infrastructure Fund & LIC MF Tax Plan:

Existing Fund Manager: Sachin Relekar

Revised Fund Manager: Yogesh Patil

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LIC Mutual Fund has announced change in exit load structure under LIC MF Bond Fund, with effect from 07 September 2020.

Accordingly, the revised exit load will be:

0.25% if units are redeemed or switched out on or before completion of 15 days from the date of allotment of units

Nil after 15 days from the date of allotment of units

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LIC Mutual Fund has announced that Sanjay Pawar, Debt Dealer will be redesignated as Co-Fund Manager - Fixed Income with effect from 01 September2020.

Consequently, the fund management responsibilities of the following Schemes of LIC Mutual Fund will be changed with effect from 01 September 2020:

LIC MF G-Sec Long Term Exchange Trade Fund, LIC MF Short Term Debt fund:

Existing Fund Manager: Marzban Irani

New Fund Managers: Marzban Irani & Sanjay Pawar

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LIC Mutual Fund has announced 27 August 2020 as the record date for the declaration of dividend on the face value of Rs 10 per unit under the following schemes. The amount of dividend (Rs per unit) will be:

LIC MF Banking & PSU Debt Fund - Regular Plan - Monthly Dividend Option & Direct Plan - Monthly Dividend Option: 0.06 each.

LIC MF Debt Hybrid Fund - Regular Plan - Monthly Dividend Option & Direct Plan - Monthly Dividend Option: 0.06 each.

LIC MF Savings Fund - Regular Plan - Monthly Dividend Option: 0.06.

LIC MF Arbitrage Fund - Direct Plan - Monthly Dividend Option: 0.06

LIC MF Equity Hybrid Fund - Regular Plan - Dividend Option & Direct Plan - Dividend Option: 0.10 each.

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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