LIC Mutual Fund has appointed Yogesh Patil as Fund Manager in place of Saravana Kumar in it's Seven Schemes: LIC MF Multicap Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex, LIC MF Index Nifty, LIC MF Equity Hybrid Fund (Equity Portion), LIC MF Debt Hybrid Fund ( Equity Portion) and LIC MF Children's Gift Fund ( Equity Portion) with effect from October 01, 2018.