MUTUAL FUNDS
LIC AMC announces Appointment of Independent Director
Aug-01-2025

LIC Mutual Fund Asset Management (AMC) has announced Addendum to the Statement of Additional Information (SAI) of LIC Mutual Fund.

LIC Mutual Fund has informed that, Balram Prasad Bhagat has been appointed as an Independent Director on the Board of AMC with effect from July 30, 2025. 

Accordingly, the following details pertaining to Balram Prasad Bhagat stand added under the Section ‘Details of AMC Directors’ in the SAI: Balram Prasad Bhagat (60 year old), holds MBA in Marketing from Madurai Kamraj University, Madurai, M.A in Economics from Madurai Kamraj University, Madurai, B.Ed. from Maharshi Dayanand University, Rohtak, B. Com (Hons), from Kirori Mal College, University of Delhi and CAIIB (Part 1 & 2) (UTI), from Indian Institute of Bankers, Mumbai. Prior to joining here, he also held the position of CEO & Whole Time Director at UTI Pension Fund (March 29, 2008 to June 30, 2025) and Head Product Sales at UTI Mutual Fund (May 16, 2007 to March 28, 2008).

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


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