The scheme encourages retail investors to participate in capital markets.
According to sources, in a January 6 letter to the department of financial services under the finance ministry, LIC said it wanted to stop sponsoring LIC Nomura Mutual Fund, and might offer some of its stake in LIC Housing Finance to other shareholders.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
RBI's surprise rate cut has revived sentiments of India Inc.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.