MUTUAL FUNDS
LIC AMC informs about applicability of minimum application amount
Mar-01-2025

LIC Mutual Fund Asset Management has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Exchange Traded Funds (ETFS) of LIC Mutual Fund.

LIC Mutual Fund has informed that in line with requirement of SEBI Letter no. SEBI/HO/IMD-POD2/P/OW/2024/6441/1 dated February 28, 2025, the applicability of the requirement of Minimum application amount of Rs 25 crore and in multiples of Creation Unit Size for transactions (Purchase / redemptions) directly with the Fund for the below mentioned investors has been extended from March 01, 2025 to August 31, 2025: Schemes managed by Employee Provident Fund Organisation, India; and Recognised Provident Funds, approved Gratuity Funds and approved superannuation Funds under Income Tax Act, 1961. 

This Notice cum Addendum shall form an integral part of the SID and KIM of the aforementioned Schemes of LIC Mutual Fund as amended from time to time. All other terms & conditions of SID & KIM of aforementioned Schemes of LIC Mutual Fund will remain unchanged.


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