Raj Kumar joins LIC-MF as Director

Mr. Raj Kumar joined as the Mutul Fund’s whole time director with effect from April 28. He was working as Zonal manager for LIC’s central zone. Prior to it, he was an executive director (HRD) and executive director (estates and office services) at corporate office of LIC.

With an average assets under management at Rs 21,475 crore as on March 31, LIC Mutual Fund is currently ranked 17th in the industry. “I am extremely delighted to join LIC MF and looking forward to use my experience and insights gained through the life insurance industry in the mutual fund industry,” Raj Kumar said in a statement. “We aim to reach new heights in the MF industry. Our endeavour has, always, been to deliver consistent performance to our investors under the trust of our brand LIC Mutual Fund and we are committed for that,” he said.