LIC Mutual Fund has announced significant fund manager revisions across six schemes, effective October 27, 2026. According to the fund house announcement, these changes represent a comprehensive overhaul of the management structure for multiple equity and debt-oriented schemes.
The most notable revision involves the LIC MF Balanced Advantage Fund, where Mahesh Bendre will be replaced by Siddharth Panjwani in the equity management role, while Rahul Singh will continue as the debt fund manager. As reported by LIC Mutual Fund, this change affects the fund's dual management structure that has been in place. The LIC MF Consumption Fund will see Sumit Bhatnagar and Nikhil Kapoor replaced by Nikhil Kapoor alone, reducing the fund's co-management structure.
The LIC MF Dividend Yield Fund will see Dikshit Mittal and Sumit Bhatnagar replaced by Sumit Bhatnagar alone, streamlining the fund's management structure. Similarly, the LIC MF Multi Cap Fund will have Dikshit Mittal, Mahesh Bendre, and Nikhil Kapoor reduced to Mahesh Bendre and Nikhil Kapoor, eliminating the current three-person management team. The LIC MF Multi Cap Fund Regular-Growth currently manages ₹2,187.21 crore with a NAV of ₹17.27 and has delivered 15.10% returns over 3 years.
The LIC MF Small Cap Fund will see Dikshit Mittal and Sudhanshu Asthana replaced by Sudhanshu Asthana alone, while the LIC MF Technology Fund will have Sumit Bhatnagar and Siddharth Panjwani replaced by Siddharth Panjwani in the equity management role. According to the fund house announcement, these changes represent a comprehensive restructuring of the fund management teams across multiple LIC Mutual Fund schemes.
The LIC MF Midcap Fund Direct Growth has shown mixed performance with ₹46,537 crore in assets under management as of October 26, 2026, and a NAV of ₹31.50. The fund has delivered -4.6% returns over 6 months, +13.8% over 1 year, +10.1% over 3 years, and +12.5% over 5 years. The fund is rated as Very High risk with a minimum SIP investment of ₹200 and minimum lumpsum investment of ₹5,000.
