LIC MF to inaugurate relocated office in Hyd

Hyderabad: LIC Mutual Fund on Tuesday said it is all set to inaugurate its relocated office in Hyderabad on January 24, 2024. The office will be inaugurated by R K Jha, Associate Director, LIC Mutual Fund Asset Management Limited.

Citing Association of Mutual Funds in India (AMFI) data LIC Mutual Fund in a press release said that the Assets under Management (AUM) of the domestic MF industry as on December 31, 2023 stand at Rs 50.77 lakh crore. In this, the combined Average AUM in the Telangana and Andhra Pradesh region stands at Rs 1.43 lakh crore. Hyderabad alone accounts for almost Rs 1 lakh crore AUM and it is the eight biggest city in the country in terms of industry assets.