LIC Nomura Mutual Fund plans to launch half a dozen new products by this fiscal-end and it has already approached regulator SEBI for clearance to one of them. LIC Nomura Mutual Fund have 29 products in their portfolio, including seven equity funds. It has also been planned to launch six new products by the end of the current fiscal and they have already filed for one of them, which is debt ETF, before SEBI.
LIC Nomura CEO Nilesh Sathe mentioned this while he was speaking on the sidelines of an event organised by Gandhi Films Foundation on the eve of Gandhi Jayanti.