LIC Mutual Fund Aggressive Hybrid Fund Declares Income Distribution

LIC Mutual Fund, a prominent name in the mutual fund space, has announced an income distribution under its Direct and Regular Plans for its LIC MF Aggressive Hybrid Fund. This update brings important financial information for investors seeking regular income through hybrid investment vehicles.

Details of the Distribution

The fund has set November 28, 2024, as the record date for the income distribution. This applies to both the Regular Plan and Direct Plan under the Income Distribution cum Capital Withdrawal (IDCW) option.

Here’s about the declared payout:

• Regular Plan: Rs 0.30 per unit
• Direct Plan: Rs 0.35 per unit

These amounts are before the statutory taxes and levies applicable to such distributions.

Fund Overview

The LIC MF Aggressive Hybrid Fund primarily invests in a mix of equity and debt securities, offering a balance of growth and stability. As of now, the fund’s portfolio leans towards equity investments for capital appreciation, supplemented by debt instruments to make sure of consistent income. This makes it a suitable choice for moderate-risk investors seeking diversified exposure.

Financials & Plans Ahead 

As per the latest data, the fund has delivered a year-to-date return of approximately 12%, making it competitive among its peers in the aggressive hybrid category. Its portfolio includes high-quality equity holdings and carefully selected debt securities, striking a balance between growth and risk. The NAV (Net Asset Value) as of today stands at Rs.28.45 for the Regular Plan and Rs.32.60 for the Direct Plan.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.