MUTUAL FUNDS
LIC Mutual Fund Asset Management has announces Change in Investor Education & Awareness Expense of Nifty 8-13 Yr G-Sec ETF
Apr-04-2026

LIC Mutual Fund Asset Management (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of LIC MF Nifty 8-13 Yr G-Sec ETF.

LIC Mutual Fund has informed that in line with para 20.5.2. of SEBI Master Circular for Mutual Funds dated March 20, 2026, SEBI has prescribed that the AMCs shall allocate 5% of total Base Expense Ratio (BER) charged to direct plans, subject to maximum of 0.5 bps of AUM towards investor education and awareness initiatives for Passive schemes and Overseas Fund of Funds (FoFs) based on underlying indices specified in paragraphs 20.2 and 20.3 of the aforesaid Master Circular. Further, as per paragraphs 20.2 and 20.3 of the aforesaid Master Circular, AMFI, in consultation with SEBI, shall prescribe the list of such indices on a periodic basis. Accordingly, AMFI has vide its communication no. 35P/MEM-COR/108/2025-26 dated March 12, 2026, prescribed the list of domestic equity indices and domestic debt indices for applicability of the provisions of the aforesaid SEBI Master Circular.

In light of the above, the clause relating to percentage of funds allocated towards investor education & awareness initiative specified in the Scheme Information Document of LIC MF Nifty 8-13 yr G-Sec ETF under the heading ‘Annual Scheme Recurring Expenses’ stands revised from ‘At least 1 bps on daily net assets within the maximum limit of overall expense Ratio shall be annually set apart for investor education and awareness initiatives’  to ‘The AMC shall set aside 5% of total BER charged to the Scheme, or 0.5 bps of AUM, whichever is less towards investor education and awareness initiatives.’ 

Necessary or incidental changes in the above regard shall be carried out in the SID and KIM of LIC MF Nifty 8-13 yr G-Sec ETF (NSE Code: LICNETFGSC).

This Notice cum Addendum forms an integral part of the SID and KIM of LIC MF Nifty 8-13 yr GSec ETF (NSE Code: LICNETFGSC) as amended from time to time. All other terms & conditions of the SID and KIM of LIC MF Nifty 8-13 yr G-Sec ETF (NSE Code: LICNETFGSC) remain unchanged.

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