MUTUAL FUNDS
LIC AMC informs about change in requirement of minimum application amount for ETFs
May-08-2024

LIC Mutual Fund Asset Management (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of LIC MF Nifty 50 ETF, LIC MF Nifty 100 ETF, LIC MF S & P BSE Sensex ETF, LIC MF Nifty 8-13 Yr G-Sec ETF, LIC MF Gold Exchange Traded Fund (Erstwhile IDBI Gold Exchange Traded Fund & LIC MF Nifty Midcap 100 ETF (collectively referred to as the Exchange Traded Funds - ETFS).

LIC Mutual Fund has informed that in line with requirement of SEBI Letter no. SEBI/HO/IMD-POD-2/P/OW/2024/15311/1 dated April 26, 2024, the applicability of the requirement of Minimum application amount of Rs 25 crore and in multiples of Creation Unit Size for transactions (Purchase / redemptions) directly with the Fund for the • Schemes managed by Employee Provident Fund Organisation, India; and • Recognised Provident Funds, approved Gratuity Funds and approved superannuation Funds under Income Tax Act, 1961 has been extended from April 30, 2024 to October 31, 2024.

This Notice cum Addendum shall form an integral part of the SID and KIM of the aforementioned Schemes of LIC Mutual Fund as amended from time to time. All other terms & conditions of SID & KIM of aforementioned Schemes of LIC Mutual Fund will remain unchanged.


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