LIC Mutual Fund revises its SIP investment framework for all schemes

LIC Mutual Fund has announced several changes in their Systematic Investment Plan (SIP) provisions across various schemes, effective from October 16, 2024.
Firstly, the AMC has introduced daily SIP facility in LIC MF Liquid Fund. To avail this facility, the minimum investment amount required is Rs 100 for a minimum of 60 instalments.

Additionally, the minimum SIP amount has been reduced for daily, monthly & quarterly frequencies across all schemes except LIC MF ELSS Tax Saver & LIC MF Unit Linked Insurance Plan as follows:

• Minimum daily SIP amount changes from Rs 300 to Rs 100 for a minimum of 60 instalments
• Minimum monthly SIP amount changes from Rs 1,000 to Rs 200 for a minimum of 30 instalments
• Minimum quarterly SIP amount changes from Rs ,3000 to Rs 1,000 for a minimum of 6 instalments

In the case of LIC MF ELSS Tax Saver, the minimum amount for quarterly SIP has been revised to Rs 1,000 for a minimum of 6 instalments.