https://www.livemint.com/companies/news/idbi-bank-signs-agreement-to-transfer-idbi-mf-business-to-lic-mutual-fund-11672384019371.html
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LIC completed the takeover of IDBI Bank, the sponsor of IDBI Mutual Fund, in January 2019. However, LIC has its own asset management company, LIC Mutual Fund
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