Description

NSE informs members that LIC Mutual Fund has introduced weekly frequency under Systematic Investment Plan (SIP) for LIC MF Technology Fund, effective March 19, 2026, on the NSE MF Invest Platform.

Summary

NSE has informed its members that LIC Mutual Fund Asset Management Limited has introduced a weekly frequency option under the Systematic Investment Plan (SIP) facility for LIC MF Technology Fund, effective March 19, 2026, on the NSE MF Invest Platform. This is a modification to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the fund.

Key Points

  • Weekly SIP frequency introduced for LIC MF Technology Fund with effect from March 19, 2026.
  • Investors can choose any business day from Monday to Friday as their SIP debit day.
  • If a selected day falls on a non-business day, the transaction will be executed on the next business day.
  • Default SIP debit day is Friday if no day is specified or in case of ambiguity.
  • Minimum SIP amount is Rs. 150/- and in multiples of Rs. 1/- thereafter.
  • Minimum number of instalments required is 40.
  • The change is communicated via Notice-cum-Addendum No. 77 of 2025-2026 issued by LIC Mutual Fund.

Regulatory Changes

The SID and KIM of LIC MF Technology Fund have been modified to incorporate the weekly SIP frequency option. The Statement of Additional Information (SAI) of LIC Mutual Fund is also updated accordingly. All other terms and conditions of the scheme remain unchanged.

Compliance Requirements

  • NSE members are informed of the new SIP frequency option and should update their systems and member communications accordingly.
  • Investors wishing to use weekly SIP must specify a business day (Monday–Friday); default is Friday if unspecified.
  • Investors are encouraged to register/update their email ID and mobile number with LIC MF to support paperless communication.

Important Dates

  • March 19, 2026: Effective date for introduction of weekly SIP frequency for LIC MF Technology Fund on NSE MF Invest Platform.
  • March 16, 2026: Date of Notice-cum-Addendum No. 77 of 2025-2026 issued by LIC Mutual Fund Asset Management Limited.

Impact Assessment

This change has a low market impact as it is limited to a single mutual fund scheme (LIC MF Technology Fund) and introduces an additional investment flexibility option for retail investors. It does not affect trading, pricing, or compliance obligations for market participants broadly. Members may need to update their platforms to support the new weekly SIP frequency selection for this fund.

Impact Justification

Routine product enhancement adding a new SIP frequency option for a single mutual fund scheme; no systemic market or compliance implications.