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LIC MF ANNOUNCES CHANGES IN FUND MANAGERS UNDER ITS SCHEMES AND THE APPOINTMENT OF MR. YASH DHOOT AS FUND MANAGER

Published on Jul 31, 2023 12:41

1. Appointment of Fund Manager:

LIC Mutual Fund has announced that Mr. Yash Dhoot has been appointed as Fund Manager w.e.f. 31(st) July 2023. He will be a Key Personnel for schemes of LIC Mutual Fund.

Details of Mr. Yash Dhoot

Age: 25 years

Designation: Fund Manager

Qualification: MBA (Finance) - L.N. Welingkar Institute of Management Development and Research B.Com - Sant. Gadge Baba AmravatiUniversity

2. Change in Fund Management responsibilities:

Pursuant to merger and takeover of schemes of IDBI Mutual Fund by LIC Mutual Fund, it is proposed to appoint the below Fund Managers to manage the schemes of IDBI Mutual Fund with effect from 31(st) July 2023:

Change in Fund Management Responsibilities:

IDBI MF Scheme name Proposed new name for LIC MF scheme Fund Managers
IDBI Gold Exchange Traded Fund LIC MF Gold Exchange Traded Fund Mr. Yash Dhoot
IDBI Gold Fund LIC MF Gold ETF Fund of Fund Mr. Yash Dhoot
IDBI Small Cap Fund LIC MF Small Cap Fund Mr. Yogesh Patil- Fund Manager and Mr. Dikshit Mittal - Co Fund Manager
IDBI Midcap Fund LIC MF Mid cap Fund Mr. Karan Doshi - Fund Manager and Mr. Dikshit Mittal - Co Fund Manager
IDBI Long Term Value Fund LIC MF Long Term Value Fund Mr. Karan Doshi - Fund Manager and Mr. Jaiprakash Toshniwal - Co Fund Manager
IDBI Equity Savings Fund LIC MF Equity Savings Fund Mr. Jaiprakash Toshniwal (Equity & Arbitrage) and Mr. Marzban Irani (Debt)
IDBI Healthcare Fund LIC MF Healthcare Fund Mr. Karan Doshi
IDBI Focused 30 Equity Fund LIC MF Focused 30 Equity Fund Mr. Jaiprakash Toshniwal
IDBI Nifty Junior Index Fund LIC MF Nifty Next 50 Index Fund Mr. Jaiprakash Toshniwal
IDBI Dividend Yield Fund LIC MF Dividend Yield Fund Mr. Dikshit Mittal

The Fund Management responsibilities of the following Schemes of LIC Mutual Fund are also being changed with effect from 31(st) July 2023:

Scheme Name Existing Fund Manager New Fund Manager (s)
LIC MF Flexi Cap Fund Mr. Amit Nadekar Mr. Jaiprakash Toshniwal
LIC MF Tax Plan Mr. Amit Nadekar Mr. Dikshit Mittal- Fund Manager and Mr. Karan Doshi - Co Fund Manager

Mr. Amit Nadekar also ceases to be a Key personnel for schemes of LIC Mutual Fund.

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