LIC Mutual Fund launches a new branch in Patna, Bihar

LIC Mutual Fund, India’s one of the leading fund house with assets under management of ₹ 20,171 Crore (Avg as on 31st March 2018) and wide product suite across asset classes, launches its new branch at Patna, Bihar. The new branch is located at 4A floor, Annand tower, Exhibition Road, Patna – 800001.

The expansion is a part of the LIC Mutual Fund’s continuous efforts towards assisting investor convenience and simplifying wealth creation. The company’s effort has been to remain holistically investor-centric with a passion to serve its customers well.

The new branch was inaugurated by Mr. Raj Kumar, Chief Executive Officer, LIC Mutual Fund & Mr. Supriya Malladeb, Regional Head-East, LIC Mutual Fund. Along with the chief guest, there were several senior LIC Mutual Fund officials who graced the branch opening ceremony.

Commenting on the launch, Mr. Lav Kumar, Head Product & Business Development, LIC Mutual Fund said, “At LIC Mutual Fund, we continuously aim to deliver efficient investment products and solutions with excellence in customer service. The launch of the branch in Patna highlights the importance of Bihar as a market for LIC Mutual fund. This new branch will aid essential service support and facilitate better understanding of investor demands specific to the region”.

Talking on the occasion, Mr. Raj Kumar, Chief Executive Officer, LIC Mutual Fund said, “With an aim to expand our footprint across India this branch augments LIC MF distribution across Bihar state and make our service accessible for people in the region.

With the aim to increase the penetration in the mutual fund industry, the company remains committed to reach across the length and breadth of the country. This will also enable increase the contribution from the retail investors. LIC Mutual Fund plans to further strengthen its presence and customer