LIC MF appoints RK Jha as MD and CEO

Mumbai, Feb 06: LIC Mutual Fund Asset Management Limited has announced the appointment of Mr. Ravi Kumar Jha as its Managing Director and Chief Executive Officer with effect from 31st January 2024.

Mr. Jha, with a distinguished career and prior association with LIC, comes with a proven track record of over 30 years in handling diverse positions and he was serving as Executive Director - Corporate Strategy till December 2023.

His Previous roles include Executive Director Corporate Strategy – LIC Mutual Fund Asset Management Limited and various positions at LIC of India.

Jha (57) holds a bachelor’s degree (Hons.) in Commerce from Ranchi University.

Commenting on his appointment, Ravi Kumar Jha said, “Given the impressive growth of the mutual fund industry, I am thrilled to take on the leadership role at LIC Mutual Fund Asset Management Limited at this pivotal moment. My goal is to expand our presence across different regions and reinforce our position in the current market with an endeavour to serve esteemed investors and customers as a trusted partner in wealth creation and a mutual fund of choice. I am eager to tackle the challenges and capitalize on opportunities to drive innovation, foster growth, and elevate LIC Mutual Fund to greater heights”.