T S Ramakrishnan appointed as new MD and CEO of LIC Mutual Fund

LIC Mutual Fund on Tuesday, announced T S Ramakrishnan as its Managing Director and Chief Executive Officer, according to a company release. Ramakrishnan is expected to take charge from today, March 1, 2022. In his position, Ramakrishnan will succeed Dinesh Pangtey, its former Wholetime Director and CEO.

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Ramakrishnan is a Bachelor of Commerce (Hons.) and PGDIM and has been awarded Fellowship from the prestigious Insurance Institute of India.

Ramakrishnan has experience of over 34 years at LIC and its subsidiaries/associate companies, the release said. He joined LIC Mutual Fund AMC on April 28, 2021.

He also handled prominent assignments as Regional Manager Pension Group and Scheme at South Central Zone (Hyderabad), Sr Division Manager in charge at Delhi 1 & 2.

Prior to joining LIC Mutual Fund, Ramakrishnan was the Regional Manager- Western Region at LIC Housing Finance Ltd. (LICHFL) and was subsequently transferred to General Manager LICHFL. He has worked across 4 zones of LIC, including a stint at ZTC Bhopal as Vice Principal.

On his appointment as the MD and CEO of LIC Mutual Fund, Ramakrishnan said, "I am excited about the long-term potential of the mutual fund industry on the back-drop of its under-penetration. Coupled with LIC’s strong brand presence across the country and rising significant retail investor interest, we will continue to grow our presence in Tier II, III cities and across the country.”

LIC Mutual Fund is one of the oldest and leading mutual fund operating in India. offer a complete basket of 26 products covering debt, equity, hybrid, passive and solution-oriented schemes. The Average Assets under Management (AAuM) is Rs 18,625.52 crores as on January 31, 2022.