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27-09-2016 10:41 AM

LIC MF Announces Resignation of Directors

LIC Mutual Fund has announced that Surya Kumar Roy and Warendra Sinha, Directors have resigned from the Board of LIC Mutual Fund Asset Management Limited, with effect from 16 September 2016 and 20 September 2016 respectively.

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22-09-2016 10:40 AM

LIC MF Announces Dividend under its schemes

LIC Mutual Fund has announced 27 September 2016 as the record date for declaration of dividend under the following schemes. The rate of dividend (Rs per unit) on the face value Rs 10 per unit will be:

LIC MF Monthly Income Plan - Quarterly - Regular Dividend & Quarterly - Direct Dividend:

Individuals & HUF: 0.15167 each.

Others: 0.14052 each.

LIC MF Bond Fund - Dividend Plan & Direct Dividend Plan:

Individuals & HUF: 0.14445 each.

Others: 0.13383 each.

LIC MF G - Sec Fund - Dividend Plan & Direct Dividend Plan:

Individuals & HUF: 0.10834 each.

Others: 0.10037 each.

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31-08-2016 12:58 AM

BS Fund Cafe 2016: Create level-playing field for MFs

Top honchos of the mutual fund sector debunk the belief that current expense ratios are high, argue in favour of consolidation of schemes, and highlight the changing role of technology

11-08-2016 12:41 PM

LIC MF Announces change in fund management responsibilities

LIC Mutual Fund has announced change in the fund management responsibilities under the following schemes, with effect from 10 August 2016.

Accordingly, LIC MF Capital Protection Oriented Fund - Series 1, LIC MF Capital Protection Oriented Fund - Series 2, LIC MF Capital Protection Oriented Fund - Series 3, LIC MF Capital Protection Oriented Fund - Series 4, LIC MF Capital Protection Oriented Fund - Series 5 LIC MF Dual Advantage Fixed Term Plan - Series 1, Series 2 & Series 3 & LIC MF Unit Linked Insurance Scheme will be jointly managed by Marzban Irani (Debt Portfolio) & Sachin Relekar (Equity Portfolio), LIC MF Fixed Maturity Plan Series 72, 82, 83, 85, 86, 89, 90 & 92, LIC MF G-Sec Lng Term Exchange Traded Fund, LIC MF Bond Fund, LIC MF Government Securities Fund, LIC MF Income Plus Fund, LIC MF Interval Fund Quarterly Plan - Series 1, LIC MF Interval Fund Monthly Plan - Series 1, LIC MF Interval Fund Annual Plan - Series 1 & LIC MF Interval Quarterly Plan - Series 2 will be managed by Marzban Irani.

LIC Monthly Income Plan, LIC MF Children's Fund and LIC MF Balanced Fund will be jointly managed by Marzban Irani (Debt Portfolio) & Ramnath Venkateshwaran (Equity Portfolio).

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11-08-2016 12:07 PM

LIC MF Announces Appointment of Marzban N. Irani As Fund Manager - Fixed Income

LIC Mutual Fund has announced that Marzban N. Irani has been appointed as Fund Manager - Fixed Income, with effect from 10 August 2016. He is aged 41 years and holds PGDBM, B.Com as his educational qualification.

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11-08-2016 11:58 AM

LIC MF Announces Dividend under LIC MF Interval Fund Quarterly Plan Series 1 & 2

LIC Mutual Fund has announced 16 August 2016 as the record date for declaration of dividend under dividend option and direct-dividend option of LIC MF Interval Fund Quarterly Plan Series 1 and LIC MF Interval Fund Quarterly Plan Series 2. The quantum of dividend will be the entire distributable surplus as on record date on the face value of Rs 10 per unit.

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06-07-2016 12:44 PM

LIC MF Announces Change in Exit Load under two schemes

LIC Mutual Fund has announced change in exit load under LIC MF Midcap Fund and LIC MF Banking & Financial Services Fund, with effect from 07 July 2016.

Accordingly, the revised exit load will be:

If redeemed or switched out on or before completion of 18 months from the date of allotments of units, the exit load will be 1%.

No exit load is payable if units are redeemed / switched-out after 1 year from the date of allotment.

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06-07-2016 12:38 PM

LIC MF Announces Appointment of Additional Nominee Director

LIC Mutual Fund has announced that Warendra Sinha has been appointed as Additional Nominee Director on the Board of LIC MF Asset Management Company, with effect from 27 June 2016. He is aged 57 years and holds M.A, Associate of the Insurance Institute of India.

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