LIC Mutual Fund Launches Multi Asset Allocation Fund

LIC Mutual Fund has introduced a Multi Asset Allocation Fund, an open-ended scheme designed to help investors achieve long-term capital appreciation by investing across equity, debt, and gold. This fund offers a balanced approach to wealth creation, making it ideal for investors seeking diversification and stability in their portfolios.

Key Highlights:

NFO Dates: The New Fund Offer (NFO) opened on January 24 and will close on February 7, 2025.
Reopening Date: The scheme will reopen for continuous sale and repurchase on February 18, 2025.
Benchmark: A mix of 65% Nifty 500 TRI, 25% Nifty Composite Debt Index, and 10% domestic gold prices ensures a well-rounded performance comparison.

Why Invest in LIC Multi Asset Allocation Fund?

Diversification Across Asset Classes: The fund spreads investments across equity, debt, and gold to balance risk and reward.
Dynamic Investment Strategy: Allocations adjust based on market trends to maximize returns.
Professional Fund Management: Backed by LIC Mutual Fund’s trusted and experienced team.

Industry Insights

Hybrid mutual funds have seen significant growth, with assets under management (AUM) rising 27% in 2024—from ₹6.90 lakh crore in January to ₹8.77 lakh crore in December—as per AMFI data. This growth reflects increasing investor confidence in diversified schemes like LIC’s new offering.

Who Should Invest?

Investors looking for a balanced portfolio combining growth and stability.
Those with moderate risk appetite aiming for long-term financial goals.
Individuals seeking exposure to multiple asset classes in a single fund.

How to Get Started?

Investing is easy! Visit the LIC Mutual Fund website or contact your financial advisor to participate in the NFO before it closes on February 7. Don’t miss the chance to grow your wealth with LIC’s Multi Asset Allocation Fund.

This content is created using reference news Source: Business Standard