LIC MF may consider IPO once its AUM hits Rs 1 lakh crore: MD
IPO once its asset under management (AUM) reaches the Rs 1 lakh crore mark, which it was targeting by FY'26, a top official said on Friday. At present, LIC MF's AUM was around Rs 38,000 crore, a significant jump from Rs 16,526 crore in FY'23.
«We have grown by 67 per cent in FY'24 and our current growth run rate is 30 per cent,» LIC MF Asset Management Ltd MD and CEO RK Jha told PTI.
He said the current equity contribution across all funds is 47 per cent, with debt accounting for the remaining 53.
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Institutional and corporate investors have put their money mostly in debt funds, while retail participation is skewed towards equity, he added.
«We want retail or equity weightage to grow to 65-70 per cent when we hit Rs 1 lakh crore,» he said, acknowledging the ambitious nature of the target with 15 months remaining.
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