NAV as on 28-Apr-2017 : LIC Pension Fund Scheme Central Govt.- 24.0184     LIC Pension Fund SG Scheme State Govt. -21.4778     NPS LITE -Govt.pattern-19.7536     LIC Pension Fund Scheme Corporate CG-15.8279    LIC PENSION FUND SCHEME E - TIER I- 16.3206    LIC PENSION FUND SCHEME C - TIER I- 15.1236    LIC PENSION FUND SCHEME G - TIER I-15.5509    LIC PENSION FUND SCHEME A - TIER I-10.3022    LIC PENSION FUND SCHEME E - TIER II- 13.7294    LIC PENSION FUND SCHEME C - TIER II -14.2141     LIC PENSION FUND SCHEME G - TIER II-15.552    LIC PENSION FUND SCHEME A - TIER II-10.164    LIC PENSION FUND ATAL PENSION YOJANA SCHEME- 12.197    
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Formation of the Company

The Government of India has introduced the New Pension System (NPS), with effect from 1st January 2004. Pension Fund Regulatory and Development Authority (PFRDA) through a process of competitive bidding, has appointed Life Insurance Corporation (LIC) , State Bank of India (SBI), UTI Asset Management Company (UTI-AMC) and as Pension Fund sponsors under the NPS.

Consequent upon the selection as Sponsor , Life Insurance Corporation of India has formed LIC Pension Fund Limited LIC Pension Fund has been incorporated as a Public Limited Company on 21.11.07 by the Registrar of Companies, Maharashtra, Mumbai under Part IXA of the Companies Act, 1956 (No.1 of 1956) on 21st November, 2007. The Authorised Capital of the Company is Rs 25 Crores and Paid Up Capital of the Company is Rs 15 Crores. The Registrar of Companies Maharashtra, Mumbai has issued Certificate of Commencement of Business to LIC Pension Fund on 28th January, 2008. LIC Pension Fund is the first Pension Fund Company in India to be incorporated and to receive commencement of business certificate.

Board of Directors :
Shri V. K. SHARMA :
Shri Vijay Kumar Sharma took charge as Managing Director, Life Insurance Corporation of India on 1st November 2013.Prior to his taking over as Managing Director, LIC of India he was Managing Director & CEO, LIC Housing Finance Ltd. (LIC HFL), a premier housing finance provider in the country with loan portfolio exceeding ` 83,000 crores. Shri V. K. Sharma joined Life Insurance Corporation of India as Direct Recruit Officer in 1981 and has grown with the Company since then. During his stint as Senior Divisional Manager Karnal, a rural Division had catapulted to Number One position in the country in premium income ahead of all other metro centers. As Executive Director of Pension & Group Schemes, he pioneered the launch of various prestigious pension schemes in the country. As Zonal Manager in-charge of Southern Zone, he successfully turned around its operations and put it on growth trajectory making it No. 1 Zone in 2010. With his focused leadership proficient in invigorating staff performance, reorganizing teams and developing talent, LIC HFL maintained its growth momentum despite volatile markets and adverse macro-economic conditions. During his tenure LIC HFL was adjudged as “Best Housing Finance Company 2011” by CNBC-TV 18. His key areas of expertise have been Business Strategy, Business Development, Processes and Systems, Leadership Development, Branding and Product Development and Risk Mitigation and Compliance. A Strategic leader recognized for making sweeping improvements to efficiency, product development and marketing and identifying areas of opportunity he is acclaimed as a “Crisis Manager” for stabilizing operations and leading turnaround growth strategies in uniquely challenging situations. He has been an inspirational leader who utilizes negotiation skills gained over 30 years of extensive experience in insurance and financial sectors and strongly connects to the grass root levels, believes in “bottom-up approach” and has ability to see the Big Picture and translate to reality. Shri V. K. Sharma is tech savvy and an avid reader.
Shri Jagdish Capoor:
He was former Chairman of HDFC Bank, UTI and BSE Ltd. and also former Dy. Governor, Reserve Bank of India. He has also been on the Board of many Banks and Companies namely SBI, Bank of Baroda, NHB, IDFC etc. Currently, he is also Director on the Board of Indian Hotels Co. Ltd., Asset Care & Reconstruction Enterprises Ltd., Manappuram General Finance & Leasing Ltd., Alankit Assignment Ltd. etc.
Shri M. N. Singh, IPS :
He joined IPS in 1965 and retired as Commissioner of Police Mumbai in the rank of Director General of Police. He is Co- promoter and Chairman of Invent Asset Securitisation Reconstruction Pvt. Ltd. and Director on the Board of India Infoline Investment Services Ltd.
Smt Bhavna G. Doshi:
She is a practising Chartered Accountant associated with national and international consulting firms for more than 25 years. She has extensive experience in accounting and corporate matters. Currently, she is also Director on the Board of Peninsula Land Ltd and SEAMAC Ltd
Shri Som Deo Chaturvedi:
Shri Som Deo Chaturvedi is a post graduate in Economics from University of Rajasthan, Jaipur He was an IRTS Officer, Government of India. He has handled important portfolio at Department of Telecommunication Government of India. He was Secretary, Telecom Commission, and Government of India. He was also Chairman of the Group constituted for suggesting mechanism for solving of disputes of Telecom services provider after Privatization. At present, he is President of SDPR Private Limited.

Shri S. Bandyopadhyay, Chief Executive Officer:
Shri S. Bandyopadhyay has a bachelor degree from Kolkata University in Chemistry and is Associate Member of the Institute of Chartered Accountants of India since 1983. He joined LIC of India in the year 1985 as a Direct Recruit Officer. In the last 28 years, Shri Bandyopadhyay has handled both administrative as well as marketing assignments and headed two Divisional Offices for 5 years. For the last 8 years, he was part of the centralized Investment Department of LIC and handled diverse responsibilities including treasury, fixed income & corporate bond investments, equity market investments and back office functions, review & restructuring issues, company matters etc.



Our Team:

1. Shri Ashutosh Misra ( CIO)
2. Shri Rajneesh Khanna (RO)
3. Shri Pradeep Bhat (FM)
4. Shri Ashok kumar Soni (FM)
5. Shri B H Patil (FM)
6. Sri Avinash Abhyankar (Company Secretary)

Member of Audit Committee:
1. SHRI JAGDISH CAPOOR, CHAIRMAN
2. SHRI V. K. SHARMA, MEMBER
3. SHRI M. N. SINGH, MEMBER


Member of Investment Management Committee:
1. SHRI JAGDESH CAPOOR, CHAIRMAN
2. SHRI M. N. SINGH, MEMBER
3. SHRI S. BANDYOPADHYAY, MEMBER
4. SHRI ASHUTOSH MISRA, MEMBER


Member of Risk Management Committee:
1. SMT. BHAVNA DOSHI, CHAIRPERSON
2. SHRI S. BANDYOPADHYAY, MEMBER
3. SHRI RAJNEESH KHANNA
4. SHRI ASHUTOSH MISRA


Members of Nomination and Remuneration Committee:
1. SHRI M. N. SINGH, CHAIRMAN
2. SHRI JAGDESH CAPOOR, MEMBER
3. SMT. BHAVNA DOSHI, MEMBER

 
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