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LIC Mutual Fund AMC announces appointment of key personnel & change in fund management responsibilities
Apr-08-2026

LIC Mutual Fund Asset Management (AMC) has announced addendum to Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Select Existing schemes and Statement of Additional Information (SAI) of LIC Mutual Fund.

LIC Mutual Fund has informed that, Nikhil Kapoor has been appointed as Head Research & Fund Manager - Equity and Key Personnel of AMC with effect from April 07, 2026. Accordingly, following details of Nikhil Kapoor hereby stand inserted under Section ‘Information on Key Personnel’.

Nikhil Kapoor (39 years old), holds an Executive MBA from the Indian Institute of Management, Indore, a Post Graduate Diploma in Business Management from NMIMS and a Bachelor of Management Studies from Mumbai University. He has overall 15+ years of experience. Nikhil also served as Senior Equity Research Analyst at LIC Mutual Fund Asset Management (December 26, 2023). Prior to joining LIC Mutual Fund Asset Management he was an Equity Research Analyst at JM Financial Services from January 2010 to December 2023.

Further, Yogesh Patil, Chief Investment Officer – Equity has resigned from the services of AMC. Accordingly, he has ceased to be the Fund Manager of select schemes of LIC Mutual Fund and Key Personnel of AMC from the close of business hours of April 06, 2026. Karan Doshi, Fund Manager – Equity and Jaiprakash Toshniwal, Fund Manager – Equity have ceased to be the Fund Manager of select schemes of LIC Mutual Fund and Key Personnel of the AMC from the close of business hours of April 06, 2026.

In view of the above, the Fund Management responsibilities for LIC MF Large & Mid Cap Fund, LIC MF Flexi Cap Fund, LIC MF ELSS Tax Saver, LIC MF Multi Cap Fund, LIC MF Infrastructure Fund, LIC MF Banking & Financial Services Fund, LIC MF Unit Linked Insurance Scheme, LIC MF Dividend Yield Fund, LIC MF Focused Fund, LIC MF Mid cap Fund, LIC MF Healthcare Fund, LIC MF Small Cap Fund, LIC MF Value Fund, LIC MF Manufacturing Fund, LIC MF Consumption Fund, LIC MF Technology Fund, LIC MF Children's Fund, LIC MF Aggressive Hybrid Fund, LIC MF Balanced Advantage Fund, LIC MF Conservative Hybrid Fund, LIC MF Multi Asset Allocation Fund, LIC MF BSE Sensex Index Fund, LIC MF NIFTY 50 Index Fund, LIC MF NIFTY 50 ETF, LIC MF BSE Sensex ETF, LIC MF NIFTY 100 ETF, LIC MF NIFTY Midcap 100 ETF and LIC MF Nifty Next 50 Index Fund (the scheme), of LIC Mutual Fund shall be revised with effect from April 07, 2026.

Accordingly, the relevant sections of SID and KIM of the aforementioned Schemes and SAI of the LIC Mutual Fund stands modified in accordance with the above. This Notice cum addendum shall form an integral part of the SID, KIM of the forementioned Schemes and SAI of LIC Mutual Fund as amended from time to time. All other contents of the SIDs, KIMs and SAI will remain unchanged.
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