LIC

18 Feb

LIC Policyholders have to update PAN details

editor0 CommentsBusiness, IndiaLIC

The market leading insurer and financial conglomerate Life Insurance Corporation of India (LIC) has mentioned that every policyholder shall have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before 28th February 2022 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue. The aggregate of reservations for Eligible Policyholder(s) shall not exceed 10% of the total Offer size. LIC and the Government of India, in consultation with the BRLMs, may offer a discount to the Offer Price to Eligible Policyholder(s), subject to necessary approvals…

24 Oct

LIC MF Balanced Advantage Fund

editor0 CommentsBusinessLIC, MF

LIC Mutual Fund has announced the launch of LIC MF Balanced Advantage Fund (“LICMF BAF”), an open-ended Dynamic Asset Allocation Fund, which would invest across equity and debt & money market instruments using several parameters like valuation and earning drivers.LICMF BAF is a Dynamic Asset Allocation Fund, would aim to generate return, largely through asset allocation strategy, thereby minimizing the impact of losses in adverse market conditions. LICMF BAF model would precisely use this relationship to determine optimum asset allocation level for the scheme. The model uses Interest rates, one year forward Price Earnings ratio and Earnings Yield, to arrive…