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Raj Kumar joins LIC-MF as whole time director

Press Trust of India  |  Mumbai 

today said that Raj Kumar has joined the fund house as a whole time director effective from April 28.

The position was created after Sarojini Dikhale was transferred to LIC as executive director, marketing and product development some time back.

With an average assets under management at Rs 21,475 crore as on March 31, is currently ranked 17th in the industry.

"I am extremely delighted to join LIC MF and looking forward to use my experience and insights gained through the life industry in the mutual fund industry," Raj Kumar said in a statement.

"We aim to reach new heights in the MF industry. Our endeavour has, always, been to deliver consistent performance to our investors under the of our brand and we are committed for that," he said.

In his professional career, spanning more than 32 years, Kumar has worked as zonal manager central zone, LIC of India, at for one year.

Prior to it, he was an executive director (HRD) and executive director (estates and office services) at corporate office of LIC here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 16:28 IST