Mr. T. S. Ramakrishnan,
How do you plan to increase AUM in LICMF?
We have charted out a 5-year rolling plan. We endeavour to take our AUM to ₹50,000 crore by 2025-26. We plan to achieve this with a combination of organic and inorganic growth. Sustainable and profitable growth is our objective. We will focus on our debt funds to build the volume while equity funds to strengthen the investor base and sustainability. Additionally, we aim to penetrate Tier 2, 3 and beyond cities to reach masses.
do you plan to launch any new schemes? What is the process that you follow before launching any portfolio?
Yes, indeed. In September 2021 we launched our NFO on Balanced Advantage Fund and were successful in raising over ₹1200 crore. We would like to continue this momentum in 2022 as well. As a responsible fund house all our NFOs shall be launched with a single objective of offering right product to our investors at an appropriate time. We do consider investor preferences, suitability, market trends and our readiness before launching any fund. We have now launched Money Market Fund (Debt Scheme) and planning to launch Multi-cap Fund (Equity Scheme) soon. We are also planning a couple of thematic strategies for the Financial Year 2022-23.
After two years of spectacular return by equity mutual funds the first half of 2022 did not start on a good note? How do you see it panning out for the rest of the year?
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