LIC Mutual Fund has announced changes in the fund management responsibilities of several schemes with effect from September 1, 2026. According to reports from LIC Mutual Fund, the changes involve multiple schemes across different categories, indicating a comprehensive restructuring of the fund management team. The latest updates show specific changes across LIC MF Aggressive Hybrid Fund, LIC MF Balanced Advantage Fund, and LIC MF Midcap Fund.
The LIC MF Dividend Yield Fund will see its fund management structure change from a single fund manager to a co-management arrangement. As reported by LIC Mutual Fund, Dikshit Mittal will continue as one of the fund managers, while Sumit Bhatnagar will join the team to share fund management responsibilities. This change represents a shift from individual to collaborative fund management approach for this dividend-focused scheme.
The LIC MF Healthcare Fund will see Sudhanshu Asthana retain his role as fund manager, but with Dhaval Sangoi joining as a co-manager. Similarly, the LIC MF Multi Cap Fund will have Dikshit Mittal continue as fund manager alongside Mahesh Bendre and Nikhil Kapoor. According to LIC Mutual Fund, these changes reflect a broader strategy to enhance fund management capabilities across different investment categories.
The LIC MF Small Cap Fund will also undergo changes with Dikshit Mittal continuing as fund manager alongside Sudhanshu Asthana. As reported by LIC Mutual Fund, this dual management approach will be implemented across the small cap fund, maintaining continuity while introducing additional expertise to the team. Additionally, the LIC MF Aggressive Hybrid Fund will see Manoj Bajpai and Pratik Harish Shroff replaced by Siddharth Panjwani and Pratik Harish Shroff respectively, while the LIC MF Balanced Advantage Fund will have Mahesh Bendre and Rahul Singh replaced by Mahesh Bendre and Rahul Singh respectively.
