Risk Profile Alert: LIC Mutual Fund Changes Scheme Risk-o-Meters

LIC Mutual Fund has revised the risk-o-meter levels of two of its schemes: LIC MF Gold ETF Fund of Fund (FOF) and LIC MF Consumption Fund. The change has been announced through a notice-cum-addendum to the Scheme Information Document and Key Information Memorandum. 

Revised Risk Levels for LIC MF Schemes

The risk level of the LIC MF Gold ETF Fund of Fund has been reduced from Very High to High. Similarly, the LIC MF Consumption Fund has seen its risk level lowered from Very High to Moderate.

This update has been made in line with SEBI’s guidelines on product labelling for mutual funds. 

The AMC noted that the new fund offer (NFO) for the LIC MF Consumption Fund ran from 31 October to 14 November 2025, with unit allotments completed earlier. It also stated that the fund house is in the process of deploying NFO proceeds as per the scheme’s asset allocation. 

All other features of both schemes remain unchanged. Any future changes to the risk-o-meter or benchmark will be communicated through notices and direct messages to unitholders. 

Key Mutual Fund Industry Updates

Axis Gold and Silver Passive FoF Launch

Axis Mutual Fund has introduced an open-ended fund of funds investing in gold and silver ETFs. The NFO is open from 10 to 22 December 2025. The benchmark for the scheme will reflect domestic prices of both metals in equal proportion. 

The Wealth Company Small Cap Fund

The Wealth Company Mutual Fund has filed documents with SEBI to launch a small-cap fund. The scheme aims to collect at least ₹10 crore and will be benchmarked against the NIFTY SmallCap 250 index (TRI). The minimum investment amount is ₹10,000. 

Union Silver ETF Fund of Fund

Union Mutual Fund plans to launch an open-ended FoF investing in silver ETFs. The benchmark will track physical silver, with a minimum application amount of ₹1,000. 

Sapphire Equity Long-Short SIF

Franklin Templeton Mutual Fund has filed for a long-short equity scheme priced at ₹1,000 per unit during the NFO period. The scheme carries no entry load and a 1% exit load if redeemed within a year. 

Union Silver ETF

Union Mutual Fund has also proposed a silver ETF with units priced at Re 1 during the NFO. It seeks to raise at least ₹5 crore and will track physical silver.

Read more: Highest Cash Holding by Fund Houses: PPFAS Mutual Fund Has the Highest Cash Holding of 22%.

Conclusion

The latest changes by LIC Mutual Fund and the series of fresh filings by various AMCs show an active phase in the mutual fund industry. With new offerings across metals, equities and hybrid strategies, investors have a wider set of options to explore based on their risk appetite and financial goals.

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. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.