We want to ensure there is performance in every scheme going forward: LIC MF CEO
The fund house is undertaking a review of the schemes that got added to its portfolio following the IDBI MF merger.
Source: moneycontrol.com
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lic mf- idbi mf merger: LIC Mutual Fund completes takeover of IDBI MF schemes
LIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI MF, 10 schemes will be merged with similar schemes of LIC MF and the remaining 10 will be taken over by LIC MF on standalone basis, which will take its total scheme count to 38
Source: indiatimes.com