LIC Mutual Fund Pauses Debt Inflows & Invesco SIP Update
LIC Mutual Fund and Invesco Asset Management operational updates.
Key Highlights
LIC Mutual Fund temporarily halts fresh debt fund inflows, while Invesco updates daily SIP debit provisions for investors. Read the key changes.
LIC Mutual Fund Asset Management Corporation has temporarily halted fresh inflows into its debt fund to manage portfolio liquidity and meet regulatory requirements. The restriction impacts multiple investment channels for existing and new participants.
Impacted Inflow Types
The operational change alters how new money enters the specific scheme.
- Fresh lump-sum subscriptions are suspended.
- New switch-in transactions are halted.
- New registrations for Systematic Investment Plans are stopped.
- New registrations for Systematic Transfer Plans are paused.
Existing investors maintaining active or STP registrations continue processing normally at the applicable . All other terms governing the scheme remain unchanged.
Invesco SIP Updates
Invesco Asset Management (India) has revised provisions concerning the daily frequency under its Systematic Investment Plan facility across various schemes.
- Daily SIP installments can now be debited on all calendar days including weekends and holidays.
- Under old rules, daily installments processed strictly on business days without carrying forward.
- Actual transaction processing occurs on the next available business day based on bank account receipt.
These modifications integrate formally into the Scheme Information Documents and Key Information Memorandums while prior conditions stay in effect.