LIC Pension Fund Ltd.
The AMC has an excellent tract record in debt and liquid schemes which has lead to its winning 6 ICRA Awards and one Morningstar Fund Award for the year ending Dec., 2008.
LIC Pension Fund ltd. has been sponsored by LIC of India as a public Limited Company under companies ACT 1956 and was incorporated on 27th Nov., 2007. LIC Pension Fund Ltd has been formed with specific purpose of managing pension funds of central / State government employees and other approved by PRFDA under new pension system (NPS) regulated by Pension Fund regulatory and Development Authority. The company has started Investment Management Operation with Effect from 2nd April 2008. LIC Pension Fund is a fully functional Company and transacts its operation independently in its corporates office, complaying with all the regulatory requirement.
During the year 2008-09 LIC pension funds has shown remarkable overall performance and was able to earn excellent return on its investment. Consequently, allocation of pension funds of central government employees increased from 5% in 2008-09 to 29% in 2009-10.
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