CIO Saravana takes over as LIC Mutual Fund’s fund manager

Ramnath Venkateswaran, fund manager at LIC Mutual Fund, resigned with effect from April 16. Consequently, Chief Investment Officer of the fund house Saravana Kumar will manage seven schemes that were managed by Venkateswaran earlier.

Kumar has been designated as the fund manager of LIC MF Equity Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Fund – Sensex Plan, LIC MF Index Fund – Nifty Plan, LIC MF Balanced Fund, LIC MF Monthly Income Plan (equity portion), and LIC MF Children’s Gift Fund (equity portion) from April 17.