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LIC MF Banking & PSU Debt Fund Regular-IDCW Daily
The Economic Times 3 hrs ago·7 Sept 2026, 4:08 am
LIC Mutual Fund has informed investors that its Banking & PSU Debt Fund will be converted from its current dividend (IDCW) plan to a growth plan. This means the fund will no longer distribute periodic payouts to investors. Instead, all earnings will be reinvested back into the scheme, causing the Net Asset Value (NAV) to increase by the amount of the dividend that would have been paid out.
This change is purely administrative and does not alter the underlying assets or the risk profile of the fund. For investors who prefer to receive regular income, this shift may require them to adjust their portfolio strategy. It is important to note that this move does not impact the total returns earned over time, only the form in which they are received.
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