New Delhi: LIC Mutual Fund has announced the launch of a new thematic equity scheme called the LIC MF Technology Fund. The fund is aimed at offering investment opportunities in India’s fast-evolving technology ecosystem, where the expansion of AI adoption, cloud infrastructure, semiconductors, and digital services is expected to be a major engine of economic growth in the coming years.
This New Fund Offer (NFO) will open on February 20 and close on March 6, 2026. The scheme will reopen for regular transactions (subscription and redemption) from March 19. Karan Doshi and Jayprakash Toshniwal will jointly manage the fund. The performance will be evaluated against the BSE Teck Total Return Index (TRI).
LIC MF Technology Fund NFO details
Besides covering the traditional IT services companies, the fund will focus on broader scope of the technology value chain. The fund will include stocks of comoanies engaged in semiconductor manufacturing, data center operators, digital commerce platforms, internet-based businesses, cloud and AI solution providers, and other emerging technology firms. LIC Mutual Fund believes that the next wave of digitalisation will not be limited to software services alone; platform-based business models, hardware, and infrastructure, will also play a key role.
LIC Mutual Fund’s Managing Director and CEO, R.K. Jha is confident that of India’s technology sector to grow at a good pace. He cited government’s big ticket announcements for semiconductor industry, digital infrastructure. Jha said that India is moving toward becoming a hub for innovation and manufacturing, which could create long-term investment opportunities in listed tech companies.
The minimum investment required for the NFO is set at Rs 1,000, after which investments can be increased in multiples of Re 1. People interested in SIP, could opt for daily SIP starting from Rs 100, monthly SIP from Rs 200, and quarterly SIP from Rs 1,000.
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