LIC MF Announces change in benchmark index under its schemes

Published on Mar 12, 2024 15:51

LIC Mutual Fund has announced change the benchmark index for the following schemes, with effect from 12 March 2024. Accordingly, the revised benchmark index will be:

Changes in the Schemes Benchmark Index:

Scheme Name	Existing First Tier Benchmark	Revised First Tier Benchmark
LIC MF Banking & PSU Debt Fund	NIFTY Banking & PSU Debt Index	NIFTY Banking & PSU Debt Index A-II
LIC MF Liquid Fund	CRISIL Liquid Debt B-I Index	CRISIL Liquid Debt A-I Index
LIC MF Low Duration Fund	CRISIL Low Duration Debt B-I Index	CRISIL Low Duration Debt A-I Index
LIC MF Ultra Short Duration Fund	CRISIL Ultra Short Duration Debt B-I Index	CRISIL Ultra Short Duration Debt A-I Index
LIC MF Money Market Fund	NIFTY Money Market Index B-I	NIFTY Money Market Index A-I
LIC MF Short Duration Fund	CRISIL Short Duration Debt B-II Index	CRISIL Short Duration Debt A-II Index
LIC MF Medium to Long Duration Bond Fund	CRISIL Medium to Long Duration Debt B-III Index	CRISIL Medium to Long Duration Debt A-III Index