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LIC MF's AUM Cross Rs 10,000 cr Mark

LIC Mutual Fund now has over Rs 10,000 crore of assets under management. The assets of the fund house have grown by 91 per cent over the last four months

LIC Mutual Fund now has over Rs 10,000 crore of assets under management. The assets have recorded a growth of 91 per cent over the last four months. At the end of March 2006, they stood at Rs 5,229 crore.

The fund house presently manages nineteen open-ended funds, seven of which are equity funds, nine are debt funds and three are hybrid funds. Apart from that, it also has four close-ended funds.