LIC Mutual Fund is now LIC Nomura Mutual Fund
July 28th, 2010
Yet another development in the Indian Asset Management industry. LIC Mutual Fund now becomes LIC Nomura Mutual Fund.
Life Insurance Corporation of India (LIC) holds 65% of the total paid up equity share capital and will continue as the sole sponsor of the fund. Nomura will hold the remaining 35%. Because of this development, the trustee company will be named as LIC Nomura Mutual Fund Trustee Company Pvt Ltd. This also means that the names of the schemes that are currently prefixed with LIC MF will be called as LIC Nomura MF.
Entry Filed under: LIC Nomura Mutual Fund
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