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

LIC Mutual Fund IPO: There is big news for investors waiting for the IPO of LIC Mutual Fund. LIC Mutual Fund may consider launching an IPO after its Assets Under Management (AUM) reaches the level of Rs 1 lakh crore. An official gave this information on Friday. The company has set a target of having an AUM of Rs 1 lakh crore by the financial year 2025-26. At present the AUM of LIC MF is around Rs 38,000 crore, which was Rs 16,526 crore in the financial year 2022-23. LIC Mutual Fund is seen achieving rapid growth in the mutual fund sector and there is curiosity in the market about its IPO.

Current growth rate of LIC Mutual Fund is 30 percent

RK Jha, Managing Director (MD) and Chief Executive Officer (CEO), LIC Mutual Fund (MF) Asset Management Limited, said that we have achieved a growth of 67 percent in the financial year 2023-24 and our current growth rate is 30 percent. . He said the current equity contribution across all funds is 47 per cent, while the remaining 53 per cent is from bonds.

RK Jha said that institutional and corporate investors have mostly invested their money in bonds, while retail participation is inclined towards equities. He said that we want that when we reach Rs 1 lakh crore, the retail or equity weightage should increase to 65-70 percent.

LIC Mutual Fund took many initiatives

He also said that LIC Mutual Fund has taken many initiatives to achieve this goal. These include expanding its offices by utilizing the vast network of Life Insurance Corporation (LIC), setting up distribution channels on various platforms and implementing technology solutions. Additionally, LIC Mutual Fund has reduced the minimum Systematic Investment Plan (SIP) amount to encourage wider participation of retail investors.

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