RK Jha, Managing Director and CEO of LIC Mutual Fund | Photo Credit:
LIC Mutual Fund on Thursday launched the LIC MF Technology Fund, a thematic equity scheme that will open for subscription on February 20 and close on March 6. The fund will reopen for ongoing transactions on March 19.
To bet on broader theme
Unlike conventional IT-focused funds, the scheme is designed to invest across a broader technology spectrum, including semiconductor-linked companies, data center operators, digital commerce platforms, internet businesses, and emerging technology enterprises. It will be benchmarked against the BSE Teck Total Return Index and jointly managed by Karan Doshi and Jaiprakash Toshniwal.
RK Jha, Managing Director and CEO of LIC Mutual Fund, said the Union Budget 2026-27 had reinforced the government’s commitment to semiconductor development and digital infrastructure, and that India’s technology ecosystem, spanning semiconductor fabrication to AI adoption, presented a multi-year structural opportunity in listed equities.
Yogesh Patil, Chief Investment Officer for Equity at LIC Mutual Fund, said the strategy would focus on businesses with sustainable growth drivers, healthy cash flows, and scalable models across the technology value chain, with the goal of building a diversified rather than concentrated portfolio.
NFO details announced
During the NFO period, the minimum application amount is ₹1,000. For systematic investment plans, the minimum daily SIP is ₹100, the monthly SIP is ₹200, and the quarterly SIP is ₹1,000. SIP investments will be activated only after the scheme reopens for continuous transactions in March.
Published on February 19, 2026