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Mutual Funds

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Date Heading Details
01-Jun-2023   15:46 Hrs IST LIC AMC announces appointment of Associate Director <p style="text-align: justify;">LIC Mutual Fund Asset Management has informed that Tablesh Pandey (DIN 10119561) has been appointed as Associate Director on the Board of Trustee with effect from May 30, 2023.</p><p style="text-align: justify;"><span style="text-align: left;">Brief Profile of Tablesh Pandey as follows: Tablesh Pandey is 58 years old and his qualification is B. Tech in Agricultural Engineering &amp; Associate Member of Institute of Actuaries of India. He is currently employed with LIC Mutual Fund Asset Management as Managing Director from April 01, 2023 onwards. He also served as Zonal Manager (Selection) Cadre in LIC of India (From April 22, 2021 to April 01, 2023), Zonal Manager (Ordinary) Cadre in LIC of India (From April 23, 2018 to April 22, 2021) and Senior Divisional Manager Cadre in LIC of India (From May 04, 2007 to April 23, 2018).</span></p><p style="text-align: justify;">This Notice cum addendum shall form an integral part of Scheme Information Document (SID), Key Information Memorandum (KIM) of the Schemes and Statement of Additional Information (SAI) of LIC Mutual Fund as amended from time to time. All other contents of the SIDs, KIMs and SAI will remain unchanged.</p><div style="text-align: justify;"><br></div>
01-Jun-2023   15:14 Hrs IST Baroda BNP Paribas AMC announces change in IDCW option of Floater Fund <p style="text-align: justify;">Baroda BNP Paribas Asset Management Company (AMC) has published addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Baroda BNP Paribas Floater Fund.</p><p style="text-align: justify;">As per the addendum, Baroda BNP Paribas Mutual Fund has informed that the board of AMC and Trustee Company have accorded their approval for change in nomenclature of Income Distribution Cum Capital Withdrawal (IDCW) Option to Weekly IDCW Option and accordingly have set the frequency of distribution under IDCW Option to weekly. Such change shall come into effect from June 01, 2023.&nbsp;</p><p style="text-align: justify;">Accordingly, the Revised Option nomenclature for Regular IDCW will be Regular Weekly IDCW and for Direct IDCW will be Direct Weekly IDCW. Moreover, the Record date for Weekly IDCW will be Every Monday (or the next business day, if Monday is not a business day).</p><p style="text-align: justify;">Both Regular Weekly IDCW and Direct Weekly IDCW Option offer IDCW Payout and IDCW Reinvestment facility. Further, in case the amount of distribution payable for the week under the Weekly IDCW Option is less than Rs 20,000 at a folio level, automatic reinvestment will take place.</p><p style="text-align: justify;">All other features, terms and conditions pertaining to the Scheme shall remain unchanged. Note: This Notice cum addendum forms an integral part of the SID &amp; KIM of the Scheme read with the addenda issued thereunder. All other terms and conditions mentioned in the SID &amp; KIM remain unchanged.</p><div style="text-align: justify;"><br></div>
01-Jun-2023   15:10 Hrs IST LIC AMC announces Change in Fund Manager under Large & Mid Cap Fund and Large Cap Fund
01-Jun-2023   12:12 Hrs IST Aditya Birla Sun Life AMC announces appointment of additional director
31-May-2023   14:48 Hrs IST HDFC AMC informs about provisions on taxation
30-May-2023   14:16 Hrs IST Invesco India MF declares IDCW under Dynamic Equity Fund
30-May-2023   14:14 Hrs IST HDFC AMC informs about change in Information on Key Personnel
30-May-2023   14:10 Hrs IST ICICI Pru MF declares IDCW under Equity & Debt Fund
30-May-2023   14:08 Hrs IST ICICI Pru MF declares IDCW under Balanced Advantage Fund
29-May-2023   12:45 Hrs IST Mirae Asset Mutual Fund introduces Silver ETF