Chennai, 03rd Aug: LIC Mutual Fund Asset Management Limited (LIC MF) today announced the relocation of its Chennai branch to a larger premises, reinforcing its commitment to strengthening investor servicing and expanding its engagement with one of South India’s key financial markets. The inauguration of the relocated branch was led by Mr. Ravi Kumar Jha, Managing Director & Chief Executive Officer, LIC Mutual Fund Asset Management Limited.
Chennai has emerged as an important centre for mutual fund participation, supported by a strong financial services ecosystem and an extensive distribution network. As of June 2026, LIC MF had 22,305 investors in Chennai, while the city had 1,881 mutual fund distributors, providing a strong on-ground ecosystem for investor engagement and access to mutual fund products.
The scale of the opportunity is also reflected in the assets managed through the market. LIC MF’s AUM in Chennai stood at ₹371.52 crore as of June 2026, while the total AUM represented in the Chennai market stood at ₹1,989.93 crore, according to the data available with the fund house.
The relocation also comes at a time when mutual fund participation continues to expand across India. According to the Association of Mutual Funds in India (AMFI), the Indian mutual fund industry’s AUM stood at ₹82.22 lakh crore as of June 30, 2026, while the SIP contributions during June stood at ₹31,781 crore, underlining the growing adoption of systematic investing.
LIC Mutual Fund has been a pioneer in introducing “Pocket SIP”, an easy and convenient way for investors to begin their SIP journey with small, flexible ticket sizes- Daily SIP at ₹100, Weekly SIP at ₹150, Monthly SIP at ₹200, and Quarterly SIP at ₹1,000. The fund house is delighted to share that, to date, investors have initiated around 2 lakh Pocket SIPs.
Commenting on the relocation, Mr. Ravi Kumar Jha, Managing Director & Chief Executive Officer, LIC Mutual Fund Asset Management Limited, said “The relocation of our Chennai branch is part of the fund house’s ongoing efforts to strengthen our presence in important markets and improve access to investment services. Chennai has a well-established financial ecosystem and continues to be an important centre for mutual fund investments. As of March 2026, the city accounted for ₹2.22 lakh crore in mutual fund AUM, representing 2.8% of the industry’s total AUM, and has grown by over ₹21,800 crore over the past year. This reflects the growing participation of investors and the increasing awareness around mutual funds and long-term wealth creation. Our endeavour is to make investing simpler and more accessible, combining our on-ground presence with digital initiatives to deepen investor engagement and encourage more investors to start early, invest regularly and build resilient wealth.”
The larger branch will serve as a key touchpoint for investor services, transaction support, investment assistance, investor education and engagement with distribution partners. The enhanced presence will help LIC MF strengthen investor relationships and engage with prospective investors across Chennai and neighbouring markets.
Branch Address:\
LIC Mutual Fund Asset Management Ltd, Ground Floor, LIC Building, 153, Anna Salai, Chennai -600002