One of the most recognised and trusted players in the asset management market, LIC Mutual Fund is an associate company of Life Insurance Corporation of India. The AMC was established on April 1989 and had maintained an above average CRISIL rating and high investor affiliation for the past 30 years.
| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|
LIC MF Low Duration Fund | Debt | Low to Moderate | 44.33 | 0.25 | 7.3% | 7.5% | 6.1% | 5 | ₹1,938 | - |
LIC MF Infrastructure Fund | Equity | Very High | 54.59 | 0.84 | 0.3% | 27.0% | 26.3% | 4 | ₹1,002 | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. See more |
LIC MF Multi Cap Fund | Equity | Very High | 17.61 | 0.47 | 3.6% | 21.2% | NA | 4 | ₹1,828 | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months. See more |
LIC MF Medium to Long Duration Fund | Debt | Moderate | 79.32 | 0.21 | 6.7% | 7.9% | 5.8% | 4 | ₹199 | Exit load of 0.25% if redeemed within 15 days. |
LIC MF Ultra Short Duration Fund | Debt | Moderately Low | 1,394.69 | 0.24 | 6.9% | 7.1% | 6.0% | 4 | ₹220 | - |
LIC MF Gold ETF FoF Direct-Growth | Commodities | High | 39.61 | 0.32 | 78.4% | 35.3% | 23.1% | 3 | ₹623 | Exit load of 1%, if redeemed within 15 days. |
LIC MF Short Duration Fund | Debt | Moderate | 16.02 | 0.36 | 7.6% | 7.7% | 6.2% | 3 | ₹264 | - |
LIC MF Banking & PSU Fund | Debt | Moderate | 38.55 | 0.28 | 7.4% | 7.6% | 6.0% | 3 | ₹1,873 | - |
LIC MF Arbitrage Fund | Hybrid | Low | 14.95 | 0.3 | 6.8% | 7.3% | 6.3% | 3 | ₹259 | Exit load of 0.25% if redeemed within 1 months. |
LIC MF Liquid Fund | Debt | Low to Moderate | 4,941.69 | 0.12 | 6.5% | 7.0% | 5.9% | 3 | ₹12,671 | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. See more |
LIC MF Money Market Fund | Debt | Moderate | 1,245.59 | 0.19 | 6.9% | 6.7% | NA | 3 | ₹4,006 | - |
LIC MF Midcap Fund | Equity | Very High | 31.74 | 1.44 | 0.2% | 20.4% | 17.5% | 2 | ₹345 | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months. See more |
LIC MF Large & Mid Cap Fund | Equity | Very High | 43.80 | 0.59 | 2.8% | 18.5% | 16.6% | 2 | ₹3,115 | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. See more |
LIC MF ELSS Tax Saver Direct - Growth | Equity | Very High | 173.89 | 0.98 | 3.9% | 16.9% | 14.7% | 2 | ₹1,097 | - |
LIC MF Small Cap Fund | Equity | Very High | 31.32 | 1.04 | -12.7% | 16.8% | 21.5% | 2 | ₹619 | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months. See more |
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| Mutual fund name | LIC Mutual Fund |
| Asset management company name | LIC Mutual Fund |
| AMC Setup Date | 20 Apr 1989 |
| AMC Incorporation Date | 20 Apr 1994 |
| Sponsor name | Life Insurance Corporation of India |
| Trustee organisation | LIC Mutual Fund Trustee Company Pvt. Ltd. |
| Chairman | Mr. V. K. Chopra |
| MD | Shri Raj Kumar |
| CEO | Ravi Kumar Jha(Chief Executive Officer) |
| CIO | Yogesh Patil(Chief Investment Officer-Equity), Marzban Irani(Chief Investment Officer-Debt) |
| Compliance Officer | Mr. Mayank Arora |
| Investor Service Officer | Mrs. Sonali Pandit |
| Total AUM (as of end of last quarter) | ₹45,363.42Cr |
| Address | Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020 |
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
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LIC of India Mutual Fund offers its customers a hassle-free and quick online investment process. The steps are mentioned below:
Step 1. Existing customers can log-in to their Groww account. New investors can register to utilise the facility of the service.
Step 2. Customers will be asked to upload a Government sanctioned identity proof, like Aadhaar, Voter ID, Passport, PAN, etc.
Step 3. They will also have to submit documents serving as proof of address. It is necessary under the KYC guidelines.
Step 4. After the necessary details are submitted, investors can select a preferred investment period from the available options.
Step 5. Select the investment plans as per risk appetite. They can choose between low, mid, or high-risk investments.
Step 6. Select your choice of the best LIC Mutual Fund as the preferred investment option.
Step 7. Now, the applicant will have the opportunity to select whether they want to invest via SIP through the “Start SIP” option or invest a lump sum amount through “Invest One Time” option.
The purchased LIC new mutual fund will reflect in an investor’s Groww account within 3 to 4 business days.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.47% & 6.14%. The LIC MF Low Duration Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Low Duration Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,938Cr |
| 1Y Returns | 7.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.98% & 26.28%. The LIC MF Infrastructure Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Infrastructure Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,002Cr |
| 1Y Returns | 0.3% |
Fund Performance: The LIC MF Multi Cap Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Multi Cap Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,828Cr |
| 1Y Returns | 3.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.9% & 5.85%. The LIC MF Medium to Long Duration Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Medium to Long Duration Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹199Cr |
| 1Y Returns | 6.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.08% & 6.01%. The LIC MF Ultra Short Duration Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹220Cr |
| 1Y Returns | 6.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 35.33% & 23.09%. The LIC MF Gold ETF FoF Direct-Growth comes under the Commodities category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Gold ETF FoF Direct-Growth is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹623Cr |
| 1Y Returns | 78.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.68% & 6.15%. The LIC MF Short Duration Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Short Duration Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹264Cr |
| 1Y Returns | 7.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.56% & 6.02%. The LIC MF Banking & PSU Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Banking & PSU Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,873Cr |
| 1Y Returns | 7.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.32% & 6.27%. The LIC MF Arbitrage Fund comes under the Hybrid category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Arbitrage Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹259Cr |
| 1Y Returns | 6.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.99% & 5.88%. The LIC MF Liquid Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Liquid Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹12,671Cr |
| 1Y Returns | 6.5% |
Fund Performance: The LIC MF Money Market Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Money Market Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,006Cr |
| 1Y Returns | 6.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.43% & 17.46%. The LIC MF Midcap Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Midcap Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹345Cr |
| 1Y Returns | 0.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.49% & 16.6%. The LIC MF Large & Mid Cap Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Large & Mid Cap Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,115Cr |
| 1Y Returns | 2.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.85% & 14.72%. The LIC MF ELSS Tax Saver Direct - Growth comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF ELSS Tax Saver Direct - Growth is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,097Cr |
| 1Y Returns | 3.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.79% & 21.46%. The LIC MF Small Cap Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Small Cap Fund is ₹5,000 and for SIP, it is ₹200.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹619Cr |
| 1Y Returns | -12.7% |
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