LIC Mutual Fund is planning to launch a ₹500 crore special investment fund (SIF) by October, subject to regulatory clearance. The asset management company has applied to the Securities and Exchange Board of India (SEBI) for approval for the new product, which it positions as an investment option for high-net-worth individuals (HNIs). One outlet reports that the fund launch is tied to obtaining the required permissions, indicating that timelines may shift if approval is delayed.
Both reports also note that LIC Mutual Fund is expanding alongside the planned SIF. The company’s assets under management (AUM) have grown rapidly in recent years, with one source stating the AUM has crossed ₹50,000 crore and attributing the rise to about 208% growth over three years. Another report adds that the AMC aims to continue scaling its business, targeting AUM of ₹1 lakh crore by FY27. Overall, the common details across outlets focus on the planned October launch, the targeted corpus size, and the need for SEBI approval, alongside ongoing expansion and AUM growth goals.
