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LIC Mutual Fund announces changes to the risk profiles of Gold ETF FOF and Consumption Fund

Upstox
By Upstox News Desk

4 min read | Updated on December 10, 2025, 17:43 IST

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SUMMARY

LIC Mutual Fund Asset Management (AMC) announced the changes through a notice-cum-addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the two schemes of the LIC Mutual Fund

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LIC MF has changed risk-o-metre of a few schemes. | Image source: Shutterstock

LIC Mutual Fund has announced changes in the risk-o-metre of two schemes: LIC MF Gold ETF Fund of Fund (FOF) and LIC MF Consumption Fund. The risk profile of the LIC MF Gold ETF FOF has been revised from ‘Very High’ to ‘High’ and of LIC MF Consumption Fund from 'Very High' to 'Moderate'.
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On Wednesday, December 10, 2025, LIC Mutual Fund Asset Management (AMC) announced the changes through a notice-cum-addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the two schemes of the LIC Mutual Fund.

"Pursuant to paragraph 17.4 of SEBI Master Circular for Mutual Funds dated 27th June 2024, regarding Product Labeling in Mutual Funds, LIC Mutual Fund has informed that the risk profiling of LIC MF Gold ETF Fund of Fund has been revised from ‘Very High’ to ‘High’ and risk-o-meter of LIC MF Consumption Fund has been revised from ‘Very High’ to ‘Moderate’," the notice said.

The AMC further said the new fund offer (NFO) of LIC MF Consumption Fund was from October 31, 2025 till November 14, 2025 and the allotment of units was made on October 21, 2025. Further, in line with SEBI rules with respect to timelines for deployment of funds collected by AMCs in NFO, the LIC AMC is in the process of deploying the NFO proceeds as per the asset allocation of the scheme.

"All other details of the Product Label and all other terms and conditions of the aforesaid Schemes remains unchanged. Any change in Risk-o-meter of the Scheme and/or Benchmark will be communicated by way of Notice-cum-Addendum and by an email or SMS to unitholders of that Scheme," it added.

Other mutual fund industry updates

Axis Gold and Silver Passive FoF: Axis Mutual Fund has launched Axis Gold and Silver Passive FoF, an open-ended fund of funds scheme investing in units of gold and silver exchange-traded funds. The NFO opens for subscription on December 10, 2025 and closes on December 22, 2025. The performance of the scheme will be benchmarked against the Domestic Price of Gold and Domestic Price of Silver (50:50) and its fund managers are Pratik Tibrewal and Aditya Pagaria. The investment objective of the scheme is to generate returns by investing in units of Gold ETFs and Silver ETFs.
The Wealth Company Small Cap Fund: The Wealth Company Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘The Wealth Company Small Cap Fund'. The scheme offers growth and Income Distribution cum Capital Withdrawal (IDCW) for investment and seeks to collect a minimum target amount of ₹10 crore. The performance of the scheme will be benchmarked against the NIFTY SmallCap 250 index (TRI). The performance of the scheme will be benchmarked against NIFTY SmallCap 250 index (TRI). The minimum application amount is ₹10,000 and in multiples of ₹1 thereafter.
Union Silver ETF Fund of Fund: Union Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Union Silver ETF Fund of Fund’. The scheme offers growth and Income Distribution cum Capital Withdrawal (IDCW) for investment and seeks to collect a minimum target amount of ₹10 crore. The performance of the scheme will be benchmarked against physical silver. The minimum application amount is ₹1000 and in multiples of Rs 1 thereafter.
Sapphire Equity Long-Short SIF: Franklin Templeton Mutual Fund has filed offer document with SEBI to launch an open-ended equity investment named ‘Sapphire Equity Long-Short SIF’. The New Fund Offer price for units would be Rs 1000 each during the New Fund Offer Period. Entry load will be nil. Exit load will be 1%-if units are redeemed within one year of allotment, and nil thereafter. The Scheme offers Growth Plan and Income Distribution cum capital withdrawal (IDCW) for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
Union Silver ETF: Union Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Union Silver ETF’. The New Fund Offer price for units would be Re 1 each during the New Fund Offer Period. Entry load and Exit load will be nil. The Scheme offers no plan or option for investment and seeks to collect a Minimum Target Amount of ₹5 crore. The performance of the scheme will be benchmarked against physical silver. The minimum application amount is Rs 1000 and in multiples of Re. 1 thereafter.
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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Investors should do their own research or consult a registered financial advisor before making investment decisions.
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