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| SET UP OF THE FUND |
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Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989
and contributed Rs. 2 Crores towards the corpus of the Fund. LIC Mutual Fund
was constituted as a Trust in accordance with the provisions of the Indian
Trust Act, 1882. The settlor is not responsible for the management of the
Trust. The settlor is also not responsible or liable for any loss or shortfall
resulting in any of the schemes of LIC Mutual Fund. |
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The Trustees of the LIC Mutual Fund have exclusive ownership of Trust Fund and
are vested with general power of superintendence, discretion and management of
the affairs of the Trust. LIC Mutal Fund Asset Management Company Ltd. was
formed on 20th April 1994 in compliance with the Securities and Exchange Board
of India (Mutual Funds) Regulations, 1993. The Company commenced business on
29th April 1994. The Trustees of LIC Mutual Fund have appointed LIC Mutual Fund Asset Management Company Ltd. as the Investment Managers for LIC Mutual
Fund. The Trustees are responsible for appointing a Custodian. The Trustees
should also ensure that the activities of the Trust and the Asset Management
Company are in accordance with the Trust Deed and the SEBI Mutual Fund
Regulations as amended from time to time. The Trustees have also to report
periodically to SEBI on the functioning of the Fund.
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The investors under the schemes can obtain a copy of the Trust Deed, the text
of the concerned Scheme as also a copy of the Annual Report, on a written
request made to the LIC Mutual Fund Asset Management Company Ltd. at a
nominal price of Rs. 10/-. |
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LIC Mutual Fund Trustees Company Private Limited
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| NAME
OF THE DIRECTORS |
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SHRI THOMAS MATHEW T. (Chairman)
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SHRI P. N. MEHTA (Indepedent Director)
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SHRI P. N. SHAH (Indepedent Director)
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SHRI V.G. SUBRAMANYAM (Indepedent Director)
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SHRI V. RAGHAVENDRA (Indepedent Director)
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