# LIC Mutual Fund plans ₹500 crore SIF launch by October

2026-08-08T21:43:52+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

LIC Mutual Fund will launch its first Specialised Investment Fund (SIF) by October, targeting an initial collection of ₹500 crore from high-net-worth investors. The fund has applied to market regulator SEBI for approval, said MD & CEO Ravi Kumar Jha. SIFs are regulated products that sit between mutual funds and portfolio management services, requiring a minimum investment of ₹10 lakh. The announcement comes as LIC Mutual Fund crossed ₹50,000 crore in assets under management as of July 31. Jha said the fund is not planning any new equity-oriented fund offerings due to weak market signals, but may consider fresh launches in the second half of the financial year if conditions improve. The asset manager aims to reach ₹1 lakh crore in AUM by March 2027, focusing on retail SIPs, bank partnerships, and institutional clients. Employees are already undergoing certification for the SIF launch.

## Coverage

- thehindu.com <https://www.thehindu.com/business/Industry/lic-mutual-fund-plans-sif-launch-by-october-targets-500-crore-corpus/article71301187.ece>

This story was synthesised by AI from the source linked above.

Tags: AUM growth, investment products, LIC Mutual Fund, mutual funds, SEBI, Specialised Investment Fund
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