LIC Nomura Mutual Fund Growth at 63%

LIC Nomura Mutual Fund clocks annual 

AAUM growth at 62.55% as on December 2015 

Highlights:

·       The annual AAUM has gone up to Rs. 12384 cr as on Dec ‘15 as compared to Rs. 7618 cr as on Dec ‘14

·       Equity Schemes like LIC Nomura MF Growth Fund, a flagship equity scheme and LIC Nomura MF Equity Fund have been consistently beating the benchmark returns for last 3 to 5 years

·       Debt Schemes like LIC Nomura MF Liquid Fund & LIC Nomura MF Savings Plus Fund have  constantly maintained Q1 /Q2 rankings in peer comparison

·       The company has seen 60% of gross inflow in Equity which comes from B15 Cities. Live SIP count has gone up by 40%

LIC Nomura Mutual Fund has emerged as the fastest growing mutual fund company in terms of annual AAUM by witnessing 62.55% growth for the quarter Oct –Dec 2015 as compared to the previous year Oct –Dec 2014.  The company has seen a remarkable increase in the AAUM growth which is 41.5% higher vis-a-vis the industry growth which has been recorded at just 21.05%.

Speaking on the development, Ms. Sarojini Dikhale, Director & Chief Executive Officer, LIC Nomura MF said “LIC Nomura Mutual Fund has strived to continue growing faster than the industry by attracting more and more retail investor participation from the B15 & T15 cities. This phenomenal success comes from sustained efforts of the fund house and superior fund performance. We aim to target an AUM of 15000 cr in January 2016 and determine to achieve 20000 Cr AUM by the end of this financial year.”

The retail investor participation has gone up tremendously showcasing an increase in the number of folios by 12%. The SIPs in the retail front has gone up to 66% in the B15 cities and rest 24% from T15 Cities.

About LIC Nomura Mutual Fund:

LIC Nomura Mutual Fund Asset Management Co. Ltd is a joint venture between LIC of India and Nomura Asset Management Company Ltd, Japan’s leading specialist Asset Management Company.

LIC Nomura Mutual Fund Asset Management Co. Ltd holds one of the widest networks of offices across the country. The company manages a comprehensive range of schemes to cater to the varying investment needs of its investors.

Disclaimer:

Risk factors: Mutual funds investments are subject to market risks, read all scheme related documents carefully.

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