Mumbai, Maharashtra, 19th of February 2026 : LIC Mutual Fund has announced the launch of the LIC MF Technology Fund, a thematic equity scheme designed to provide broad exposure to India’s rapidly expanding technology landscape. The fund aims to move beyond traditional IT services and capture opportunities across the wider technology value chain.
The New Fund Offer (NFO) will open on February 20 and close on March 6. The scheme will reopen for continuous subscription and redemption from March 19 onward. The fund will be jointly managed by Karan Doshi and Jayprakash Toshniwal and will be benchmarked against the BSE TECk Total Return Index.
Broad-Based Technology Exposure
Unlike conventional IT-focused schemes, the LIC MF Technology Fund intends to invest across a diversified range of technology-driven sectors, including: Semiconductor and related manufacturing companies
Data center operators
Digital commerce platforms
Internet-based businesses
Emerging technology players in AI, cloud, and automation
R.K. Jha, Managing Director & CEO of LIC Mutual Fund, stated that the Union Budget 2026–27 has reaffirmed the government’s strong commitment to semiconductor development and digital infrastructure. As India’s technology ecosystem evolves from semiconductor fabrication to widespread AI adoption, he sees multi-year structural opportunities emerging in listed equities.
Yogesh Patil, Chief Investment Officer (Equity), added that the investment strategy will focus on identifying businesses with sustainable growth drivers, healthy cash flows, and scalable operating models. The objective is to build a diversified technology portfolio rather than a concentrated one.
Investment Details
Minimum application amount during NFO: ₹1,000
Investments can be made in multiples of ₹1 thereafter
Daily SIP: Minimum ₹100
Monthly SIP: Minimum ₹200
Quarterly SIP: Minimum ₹1,000
SIP registrations will become effective once the scheme reopens for continuous transactions.
With India accelerating its push into AI, semiconductor manufacturing, digital infrastructure, and platform-based businesses, the LIC MF Technology Fund seeks to offer investors a structured opportunity to participate in the country’s evolving technology growth story.
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