When will the IPO of LIC Mutual Fund come, the company’s management gave big information

LIC Mutual Fund IPO: There is big information for buyers ready for the IPO of LIC Mutual Fund. LIC Mutual Fund might think about launching an IPO after its Assets Under Management (AUM) reaches the degree of Rs 1 lakh crore. An official gave this information on Friday. The firm has set a goal of having an AUM of Rs 1 lakh crore by the monetary yr 2025-26. At current the AUM of LIC MF is round Rs 38,000 crore, which was Rs 16,526 crore in the monetary yr 2022-23. LIC Mutual Fund is seen attaining fast progress in the mutual fund sector and there may be curiosity in the market about its IPO.

Current progress price of LIC Mutual Fund is 30 p.c

RK Jha, Managing Director (MD) and Chief Executive Officer (CEO), LIC Mutual Fund (MF) Asset Management Limited, stated that we’ve achieved a progress of 67 p.c in the monetary yr 2023-24 and our present progress price is 30 p.c. . He stated the present fairness contribution throughout all funds is 47 per cent, whereas the remaining 53 per cent is from bonds.

RK Jha stated that institutional and company buyers have principally invested their cash in bonds, whereas retail participation is inclined in the direction of equities. He stated that we wish that after we attain Rs 1 lakh crore, the retail or fairness weightage ought to enhance to 65-70 p.c.

LIC Mutual Fund took many initiatives

He additionally stated that LIC Mutual Fund has taken many initiatives to attain this aim. These embrace increasing its places of work by using the huge community of Life Insurance Corporation (LIC), organising distribution channels on numerous platforms and implementing expertise options. Additionally, LIC Mutual Fund has lowered the minimal Systematic Investment Plan (SIP) quantity to encourage wider participation of retail buyers.

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