On September 29, 2026, several important updates were announced in the mutual fund industry that investors should know. These include the launch of a new gilt ETF, upcoming income distribution cum capital withdrawal (IDCW) payouts, changes in fund management teams at Franklin Templeton, and new leadership at LIC Mutual Fund. This article summarizes the key developments to help investors stay informed.
- A new gilt ETF has opened for subscription from September 29 to October 12, 2026.
- IDCW payouts have been declared for certain mutual fund plans with specific amounts per unit.
- Franklin Templeton has made several changes to its fund management teams across multiple funds.
- LIC Mutual Fund appointed a new Managing Director and CEO, replacing the outgoing leadership.
- The new schemes and changes aim to provide growth, income, and improved fund management for investors.
What are the details of the new gilt ETF?
The new open-ended gilt Exchange Traded Fund (ETF) will invest in government securities and is benchmarked against the CRISIL-IBX FAR Gilt Index. The scheme is managed by Pranay Sinha and Vivek Sharma. The subscription period opened on September 29, 2026, and will close on October 12, 2026. Investors can subscribe with a minimum amount of ₹1,000. Notably, there are no entry or exit loads associated with this scheme.
What IDCW payouts have been announced?
Income Distribution cum Capital Withdrawal (IDCW) payouts have been declared for certain mutual fund plans. Specifically, the IDCW amount per ₹10 face value unit is ₹0.1329 for the Direct Plan – Quarterly IDCW and ₹0.1291 for the Regular Plan – Quarterly IDCW. These payouts provide investors with periodic income from their investments.
What changes occurred in Franklin Templeton's fund management teams?
Franklin Templeton has updated its fund management teams across several funds. Chandni Gupta will join Rohan Maru as co-fund manager for the Franklin India Overnight Fund and Franklin India Liquid Fund. Anuj Tagra will join the teams managing Franklin India Floating Interest Rates Fund and Franklin India Arbitrage Fund. Additionally, there have been changes in the management of Franklin India Ultra Short-Term Fund, Franklin India Conservative Hybrid Fund, Franklin India Retirement Fund, Franklin India Income Plus Arbitrage Active Fund of Funds, and Franklin India Multi Asset Allocation Fund. These changes aim to strengthen fund management and improve performance.
Who is the new CEO of LIC Mutual Fund?
LIC Mutual Fund appointed Ravi Kumar as its new Managing Director and Chief Executive Officer (CEO). Previously, Kumar served as the Chief Operating Officer (COO) of the asset management company. He assumed the MD and CEO position effective September 25, 2026. The former MD and CEO, Ravi Kumar Jha, resigned ahead of his retirement from LIC of India and ceased to be key personnel for LIC Mutual Fund schemes from the same date.
How do these updates impact mutual fund investors?
These updates provide investors with new investment opportunities, such as the gilt ETF, and clarify upcoming income distributions. Changes in fund management and leadership may influence fund strategies and performance. Staying informed about these developments helps investors make better decisions regarding their mutual fund investments.
