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Participatory and Non-Participatory Funds

  Mar 26, 2022

Participatory and Non-Participatory Funds

Q What is the context  ?

A The amendment to Section 24 of the LIC Act, brought prior to commencing the IPO, segregated the previously single ‘Life Fund’ into the participatory and non-participatory fund.

Q What are Participatory and Non-Participatory Funds?

Q What has the Amendment changed?

Q How does this change impact the shareholder?

Q Why is it a risk, then ?