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LIC Mutual Fund aims to expand AUM by leveraging parent insurer agent network
LIC Mutual Fund plans to use LIC’s large agent network and expanded presence to accelerate AUM growth toward a ₹1 trillion target.
LIC Mutual Fund, with about ₹44,383 crore in assets under management after 36 years, is now tapping the Life Insurance Corporation’s extensive insurance agent base to boost growth and target ₹1 trillion AUM. CEO Ravi Kumar Jha said structured training and compliance support for agents will help drive mutual fund distribution. LIC MF also plans to expand branches, strengthen digital presence and enhance fund performance to attract investors.