LIC Mutual Fund remains a mid-sized AMC despite its 34-year history, and new managing director and CEO RK Jha aims to change that. In an interview to Siddhant Mishra, Jha highlights the importance of expanding physical presence and says the strong trend in SIP contributions proves the maturing of the Indian investor. Excerpts:
You’ve set a Rs 1-trillion AUM target by 2026. How do you plan to achieve this?
First, we must improve our reach. We have 36 branches at present. Our goal is to cross 50 branches by March 31, 2025, and 100 branches over the next five years. Why we consider this important is that physical branches have a positive impact on the investor and distributor communities.
