LIC Mutual Fund Asset Management company ltd
- It is the investment manager. Various 100 schemes has launched since inception of Mutual Fund. Out of 36 ongoing schemes, continous sale and repurchase is available under 20 open ended schemes.
- The AMC was able to mobilize substantial funds for the financial year and the Average Assets Under Management for March, 2009 was Rs. 23092 crore which shows a growth of 64% over the Average Assets under management of March 2008.
- During the year LICMF opened five area office at Guwahati, Ludhiana, Manglore, Mumbai-II and Nagpur taking the total number of Area offices to 22 besides increasing the number of Business Centers to 65 for further penetration in the untapped semi-urban and retail market.
As a 31-03-2009 LICMF stood at no. 7 out of 35 Mutuals Funds in the industry on the basis of Average Assets under Management.
For more details visit LicIndia.com