Change in fundamental attributes of LIC MF Focused Fund

LIC Mutual Fund has changed the fundamental attributes of LIC MF Focused Fund. The scheme which currently has a focus on large-cap stocks will now follow a multi-cap investment strategy. The changes will take effect on September 24, 2024.

Being a focused fund, it will continue to invest in a maximum of 30 companies, but now across various market capitalisation.

Unit holders who do not agree with the proposed changes can exit the scheme without paying any exit load, between August 23 to September 23, 2024. They can either switch to another scheme of LIC Mutual Fund or redeem their investments.