LIC Mutual Fund plans to increase the assets under management (AUM) of passive funds in its portfolio by over four-fold to Rs 25,000 crore by FY26, its MD and CEO Ravi Kumar Jha tells Vivek Kumar M. Jha also reiterated the fund house’s goal of reaching Rs 1 lakh crore AUM by FY26. The fund house, which is currently in the process of garnering subscriptions for its manufacturing fund, plans to launch a multi-asset allocation fund in the December quarter and a couple of ETFs in the March quarter. Excerpts:
Q. You have a target of Rs 1 lakh crore AUM by FY26. Are you on the path to achieving it? And how big would passive funds be in that?
