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LIC Mutual Fund has re-introduced five equity schemes as its flagship schemes catering to the needs and requirements of modern investors, especially millennial and Gen-Z investors.
The fund house said that these schemes are aimed at enhancing product offerings, attracting new investors and aligning the funds with changing market dynamics.
These five schemes include LIC MF Value Fund, LIC MF Small Cap Fund, LIC MF Multi-Asset Allocation Fund, LIC MF Dividend yield Fund and LIC MF Focused Fund.
Ravi Kumar Jha, MD & CEO of LIC MF said, “The aim is to reach an AUM of Rs.1 lakh crore by the end of this financial year. We are focusing on millennials and Gen-Z for this growth because we have around 25% of our total population from this age group only.”
Yogesh Patil, Chief Investment Officer-Equity, LIC MF, said that these funds have sufficient potential to generate significant wealth for the investors with diverse financial need over the long-run.
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