LIC Mutual Fund has reduced the daily Systematic Investment Plan (SIP) amount to Rs 100 and in multiples of Re 1 thereafter for select schemes managed by the fund house. LIC MF has also introduced a daily SIP plan in LIC MF Liquid Fund effective from October 16.

The fund house informed about this to its unitholders through a notice-cum-addendum.

Further, the AMC has reduced the monthly minimum SIP investment limit to Rs 200 and quarterly minimum SIP investment limit to Rs 1,000 for select schemes of LIC Mutual Fund. The details are as follows:

Also, the minimum amount step-up facility is revised to Rs 100 and in multiples of Re 1 thereafter. All the above reduction is applicable to all the existing schemes offering SIP except LIC MF ELSS Tax Saver and LIC MF Unit-Linked Insurance Plan.