LIC Mutual Fund plans SIF launch by October, targets ₹500 crore corpus
LIC Mutual Fund plans to launch a Specialised Investment Fund (SIF) by October, targeting a ₹500 crore corpus from high-net-worth investors. The fund aims to bridge the gap between traditional mutual funds and portfolio management services.
Why it matters
The introduction of SIFs provides affluent investors with more flexible investment strategies while maintaining regulatory oversight.
LIC Mutual Fund is planning to launch its first Specialised Investment Fund (SIF) by October, targeting an initial mobilisation of ₹500 crore from high-net-worth investors (HNIs).
“We have applied to the Securities and Exchange Board of India (SEBI). Once approval comes, then we will be able to launch the fund,” LIC Mutual Fund MD & CEO Ravi Kumar Jha told reporters in Chennai on Monday.
SIF is an investment product regulated by SEBI that sits between traditional mutual funds and portfolio management services (PMS), offering fund managers greater flexibility to implement investment strategies while operating under a defined regulatory framework.
Asked about the timeline, Jha said, “October I can say,” even as he added that the launch would ultimately depend on when the market regulator grants approval and the prevailing market conditions.
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