LIC Mutual Fund Asset Management Limited

Lic mutual fund was created by the insurance company dedicated to life coverage from india on 20th april 1989 to engage engaged in commerce of mutual fund along with for the objective of achieve this objective to engage in any other activity or business permitted or authorized. The fund continues to aim to achieve realizing this objective. The fund was governed by a board of trustees earlier and is governed with effect from 8th april 2003 by lic mutual fund trustee company pvt. Ltd. Trustee company on its incorporation within the organization’s holdings act, 1956. The trustees of the lic mutual fund have exclusive ownership of trust fund and are vested with general power of superintendence, Discretion and administration of the affairs of the faith in addition to appointed jeevan bima sahayog asset management company limited amc as the investment managers to lic mutual fund. The amc was officially established on 20th april 1994 consistent with the Companies Act of 1956 which commenced business on 29th april 1994 and later was renamed as lic mutual fund asset management company ltd w. E. F. 21st august 2006. The trustees take charge of appointing a custodian. The trustees also guarantee that the activities of the trust and the amc comply with the trust deed and the sebi mutual fund regulations, As amended at various intervals time. The trustees also report periodically to sebi on the functioning of the fund.