LIC Mutual Fund IPO: There is big news for investors waiting for the IPO of LIC Mutual Fund. LIC Mutual Fund may consider bringing an IPO after its assets under management (AUM) reaches Rs 1 lakh crore. An official gave this information on Friday. The company has set a target of having an AUM of Rs 1 lakh crore by FY 2025-26. At present, the AUM of LIC MF is around Rs 38,000 crore, which was Rs 16,526 crore in FY 2022-23. LIC Mutual Fund is seen achieving rapid growth in the mutual fund sector and there is curiosity in the market about its IPO.

Current growth rate of LIC Mutual Fund is 30%

RK Jha, Managing Director (MD) and Chief Executive Officer (CEO) of LIC Mutual Fund (MF) Asset Management Limited, said that we have achieved a growth of 67 per cent in the financial year 2023-24 and our current growth rate is 30 per cent. He said that the current equity contribution in all funds is 47 per cent, while the remaining 53 per cent is of bonds.

RK Jha said that institutional and corporate investors have put most of their money in bonds, while retail participation is inclined towards equity. He said that we want the retail or equity weightage to increase to 65-70 per cent when we reach Rs 1 lakh crore. 

LIC Mutual Fund took many initiatives

He also said that to achieve this goal, LIC Mutual Fund has taken several initiatives. These include expanding its offices using the vast network of Life Insurance Corporation (LIC), setting up distribution channels on various platforms and implementing technology solutions. Apart from this, LIC Mutual Fund has reduced the minimum Systematic Investment Plan (SIP) amount to encourage wider participation of retail investors.