NFO Alert: LIC Mutual Fund Launches Technology Fund

LIC Mutual Fund has launched the LIC Mutual Fund Technology Fund, an open-ended equity scheme under the sectoral – technology category.  

The New Fund Offer (NFO) will remain open from 20 February 2026 to 6 March 2026. The scheme will reopen for continuous subscription and redemption on 19 March 2026. 

Investment Objective and Benchmark 

The fund seeks long-term capital appreciation by investing predominantly in equity and equity-related instruments of technology and technology-related companies. Its performance will be measured against the BSE TECK Total Return Index (TRI). 

According to the scheme information document (SID), the portfolio will not be limited to traditional IT services companies. The investment universe may include semiconductor-linked firms, data centre operators, digital commerce platforms, internet businesses and other technology-driven enterprises. 

Fund Management and Structure 

The scheme will be managed by Jaiprakash Toshniwal and Karan Doshi. It will offer Growth and IDCW options. There is no lock-in period. 

The minimum application amount during the NFO is ₹1,000, with additional investments allowed in multiples of ₹1.  

Systematic Investment Plans (SIPs) will be available once the scheme reopens, with a minimum of ₹100 for daily SIPs, ₹200 for monthly SIPs and ₹1,000 for quarterly SIPs, each in multiples of ₹1. 

Exit Load and Risk Profile 

The exit load is linked to the holding period. For redemptions or switch-outs within 90 days from allotment, no exit load will be charged on up to 12% of units. A 1% exit load will apply on units exceeding 12% if redeemed within 90 days. No exit load will be applicable after 90 days. 

The riskometer classifies the scheme under the ‘Very High’ risk category. The SID states that it is suitable for investors seeking long-term capital appreciation through exposure to equity and equity-related instruments of technology-oriented companies. 

Read More: NFO Alert: Groww Mutual Fund Launches Nifty PSE ETF! 

Conclusion 

The LIC Mutual Fund Technology Fund adds a sector-focused offering aligned with the technology theme. Subscriptions will close on 6 March 2026, after which the scheme will reopen for ongoing transactions later in the month. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.