- By Aditya Pratap Singh
- Thu, 15 May 2025 11:23 AM (IST)
- Source:JND
LIC Mutual Fund, the asset management unit of one of the biggest public sector undertakings (LIC), has reintroduced five of its Mutual Fund's equity schemes. According to the fund house, this move aims to broaden its range of products and bring the schemes into line with the state of the market.
The schemes, which are a component of "Funds in Focus Q1FY25," involve the implementation of new technologies and strategy updates. According to LIC MF, the goal of the reintroduction is to draw in a larger pool of investors.
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These are the five schemes:
LIC MF Value Fund: This fund makes investments in businesses that are undervalued.
LIC MF Small Cap Fund: It focuses on startups with room to grow.
LIC MF Multi-Asset Allocation Fund: This fund invests in commodities, debt, and equity. It diversifies the fund.
LIC MF Dividend Yield Fund: This LIC Fund focuses on businesses that provide growth and dividend income.
LIC MF Focused Fund: Invest in a concentrated portfolio of up to 30 stocks.
LIC Mutual Fund Manages 41 Schemes
LIC Mutual Fund oversees 41 schemes as of April 2025. These consist of ten passive and other funds, nine debt funds, six hybrid funds, one solution-oriented fund, and fifteen equity funds. From Rs 33,854 crore in March to Rs 37,554 crore in April 2025, assets under management increased by 11%.In April 1989, LIC Mutual Fund was founded. LIC of India is the sponsor.