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The reintroduction is part of LIC’s ‘Funds in Focus Q1 FY25’ initiative and the schemes are Value Fund, Small Cap Fund, Multi-Asset Fund, Dividend Yield Fund and Focused Fund.
LIC Mutual Fund’s assets under management (AUM) saw a healthy uptick, rising 11% to Rs 37,554 crore in April 2024, up from Rs 33,854 crore in March.
LIC Mutual Fund has reintroduced five of its flagship equity schemes as part of its strategic initiative, ‘Funds in Focus Q1 FY25’, aimed at aligning investment options with evolving market dynamics and investor preferences.
“We are re-introducing these five flagship equity schemes, which have the potential to generate significant wealth for investors with diverse financial needs over the long term,” Yogesh Patil, chief investment officer (equity) at LIC Mutual Fund, said.
Which Schemes Are Back?
The five re-launched schemes are:
- LIC MF Value Fund
- LIC MF Small Cap Fund
- LIC MF Multi-Asset Allocation Fund
- LIC MF Dividend Yield Fund
- LIC MF Focused Fund
These schemes span various investment themes and risk profiles, catering to long-term wealth creation goals for investors with different financial needs.
Assets Under Management On the Rise
LIC Mutual Fund’s assets under management (AUM) saw a healthy uptick, rising 11% to Rs 37,554 crore in April 2024, up from Rs 33,854 crore in March. The growth reflects increased investor confidence and strategic fund positioning in line with market opportunities.
What’s the Strategy?
Each of the reintroduced schemes is designed to capitalise on different market segments:
- Value Fund: Invests in undervalued stocks with strong fundamentals.
- Small Cap Fund: Targets emerging and high-growth potential companies.
- Multi-Asset Allocation Fund: Diversifies across equity, debt, and gold to manage risk and reward.
- Dividend Yield Fund: Focuses on companies offering consistent and high dividend payouts.
- Focused Fund: Concentrates investments in a limited number of high-conviction stocks.
What It Means for Investors
For both new and existing investors, the reintroduction of these funds offers renewed opportunities to diversify portfolios and benefit from LIC MF’s long-term equity strategies. With markets constantly evolving, such timely product realignment is expected to help meet changing investment goals more effectively.
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