LIC Mutual Fund was set up by the Life Insurance Corporation of India on 20th April 1989 to engage in the business of Mutual Fund and in order to achieve this objective to engage in any other activity or business permitted or authorized. The Fund continues to work towards realizing this objective. The Fund was governed by a Board of Trustees earlier and is governed with effect from 8th April 2003 by LIC Mutual Fund Trustee Company Pvt. Ltd.(Trustee Company) on its incorporation under The Companies Act, 1956.
Comments of Mr. S. Ramasamy, Chief Investment Officer- Debt, LIC Nomura Mutual Fund on RBI cuts Repo Rate:
“The RBI rate cut signals the turnaround in the economy to the positive side. This may be followed up by rating agencies for a rating upgrade for India which will ... (more)
Our attention has been drawn to the media report to the effect that LIC of India is likely to exit LIC Nomura Mutual Fund Asset Management Company Ltd. and also reduce its holding in LIC Housing Finance Ltd.
LIC of India is a sponsor of LIC Nomura Mutual Fund Asset Managemen... (more)
The policy has been broadly in line with our expectations. It is a pragmatic policy with a realistic assessment of the concerns relating to inflation and growth. The policy is relatively more dovish than earlier though not overly benign.
