Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989 and contributed Rs. 2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882. The settlor is not responsible for the management of the Trust. The settlor is also not responsible or liable for any loss or shortfall resulting in any of the schemes of LIC Mutual Fund.
The Trustees of the LIC Mutual Fund have exclusive ownership of Trust Fund and are vested with general power of superintendence, discretion and management of the affairs of the Trust. LIC Mutal Fund Asset Management Company Ltd. was formed on 20th April 1994 in compliance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1993. The Company commenced business on 29th April 1994. The Trustees of LIC Mutual Fund have appointed LIC Mutual Fund Asset Management Company Ltd. as the Investment Managers for LIC Mutual Fund. The Trustees are responsible for appointing a Custodian. The Trustees should also ensure that the activities of the Trust and the Asset Management Company are in accordance with the Trust Deed and the SEBI Mutual Fund Regulations as amended from time to time. The Trustees have also to report periodically to SEBI on the functioning of the Fund.
Sponsor: Life Insurance Corporation of India
Trustee: LIC Mutual Fund Trustee Company Pvt. Ltd.
Investment Manager: LIC Mutual Fund Asset Management Company Ltd Statutory Details: Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989 and contributed Rs. 2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882.
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|LIC NOMURA MF Banking & Fina Serv Fund - Dir (G)||9.51||5.93||-3.58||-5.08||0||0|
|LIC NOMURA MF Banking & Fina Serv Fund (G)||9.49||5.89||-3.68||-5.23||0||0|
|LIC NOMURA MF Index Fund - Sensex Plan - Direct(G)||51.54||5.86||-3.06||-6.09||2.46||0|
|LIC NOMURA MF Index Fund - Sensex Plan (G)||50.8||5.73||-3.25||-6.39||1.91||12.59|
|LIC NOMURA MF Index Fund - Nifty Plan - Direct (G)||46.17||5.6||-2.7||-6.07||4.05||0|
4th Floor, Industrial Assurance
Buildg, Opp.Churchgate Station
Mumbai 400 020.
|Phone : (91)(22)22812038||Phone :|
|Email : firstname.lastname@example.org||Email :|
|Website : www.licnomuramf.com||Website :|
capital market/11:22, Oct 09, 2015
NFO period is from 09 October to 23 October 2015
The old adage Sell in May seems to have been ignored largely in second half of the month as the market left behind the carnage of March & April. . A move above the downward sloping trendline (above 8,550) would prove to be icing on the cake and market looks poised to see further build up after the gains of May.
Strength of every market is judged on corrections. After Mondays turnaround it is important to observe that if the recovery turns out to be sluggish and market starts to give up gains, will it find support around 8,200 or not? As of now, it will act as a new support line for the bulls.
Barriers in life come and go but 8,350 is acting as a tough one since the third week of April. This consolidation at the bottom has taken shape of a bullish H&S pattern. A move above the same could result in reversal of the trend.
However, it is imperative to understand that demographics eventually shape the dynamics of an economy.
CIBIL REPORTS are being touted as the solution to all credit decisions. To my mind, such a mindset could be extremely damaging. In this article, I will try to explain why.