Top 10 Lic Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
LIC MF Banking & PSU Debt FundDebtModerate8.9%5star254
LIC MF Savings FundDebtModerately Low8.1%4star1,348
LIC MF G Sec FundDebtModerate9.2%3star37
LIC MF Tax PlanEquityModerately High2.3%3star198
LIC MF Liquid FundDebtLow7.5%3star9,184
LIC MF Large & Mid Cap FundEquityHigh-0.4%3star409
LIC MF Index Fund - Sensex PlanOthersModerately High14.4%2star20
LIC MF Index Fund - Nifty PlanOthersModerately High12.3%2star25
LIC MF Infrastructure FundEquityHigh-2.0%2star51
LIC MF Debt Hybrid FundHybridModerately High5.3%2star84
LIC MF Bond FundDebtModerate6.6%2star281
LIC MF Banking & Financial Services FundEquityHigh2.5%1star56
LIC MF Childrens FundSolution OrientedModerately High3.6%1star13
LIC MF Large Cap FundEquityModerately High6.8%1star258
LIC MF Equity Hybrid FundHybridModerately High6.3%1star336
View All Top 10 Lic Mutual Funds

LIC Mutual Fund

Established in 20th April 1989, it is an associate company of one of India's most reputed brands LIC. LIC Mutual funds aim to create financial discipline and corporate governance and is chosen by many investors, due to it being a pioneering brand.

The motto of LIC is to create value for its investors by adopting an investing strategy that is innovative, yet stable for a dynamic environment, such as ours. It targets to cater to all segments of the society and creating an investment experience which is unparalleled.

It offers a large variety of funds, starting from equity, debt, hybrid, solution oriented and index funds. Investors of different risk appetites and investment duration can build a strong portfolio through LIC mutual funds.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

LIC MF Banking & PSU Debt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Banking & PSU segment and provided 7.96% annualized returns in the last 3 years. In the last 1 year, it gave 8.92% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.92% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Marzban Irani

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM254Cr
1Y Returns8.9%

LIC MF Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 7.99% annualized returns in the last 3 years. In the last 1 year, it gave 8.07% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.07% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Singh

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating4star
AUM1,348Cr
1Y Returns8.1%

LIC MF G Sec Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 7.64% annualized returns in the last 3 years. In the last 1 year, it gave 9.21% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.21% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Marzban Irani

Launch Date1 Jan 2013
Min Investment Amt10,000
Groww Rating3star
AUM37Cr
1Y Returns9.2%

LIC MF Tax Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 14.53% annualized returns in the last 3 years. In the last 1 year, it gave 2.27% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.27% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating3star
AUM198Cr
1Y Returns2.3%

LIC MF Liquid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.23% annualized returns in the last 3 years. In the last 1 year, it gave 7.54% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.54% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Singh

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM9,184Cr
1Y Returns7.5%

LIC MF Large & Mid Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 17.13% annualized returns in the last 3 years. In the last 1 year, it gave -0.4% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.4% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date24 Feb 2015
Min Investment Amt5,000
Groww Rating3star
AUM409Cr
1Y Returns-0.4%

LIC MF Index Fund - Sensex Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 15.06% annualized returns in the last 3 years. In the last 1 year, it gave 14.39% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 14.39% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Others mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM20Cr
1Y Returns14.4%

LIC MF Index Fund - Nifty Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 14.28% annualized returns in the last 3 years. In the last 1 year, it gave 12.27% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 12.27% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Others mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM25Cr
1Y Returns12.3%

LIC MF Infrastructure Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 11.52% annualized returns in the last 3 years. In the last 1 year, it gave -1.99% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.99% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating2star
AUM51Cr
1Y Returns-2.0%

LIC MF Debt Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.27% annualized returns in the last 3 years. In the last 1 year, it gave 5.27% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.27% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Marzban Irani, Ramnath Venkateswaran

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM84Cr
1Y Returns5.3%

LIC MF Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 6.59% annualized returns in the last 3 years. In the last 1 year, it gave 6.57% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.57% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Marzban Irani

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM281Cr
1Y Returns6.6%

LIC MF Banking & Financial Services Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 12.84% annualized returns in the last 3 years. In the last 1 year, it gave 2.5% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.5% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date26 Mar 2015
Min Investment Amt5,000
Groww Rating1star
AUM56Cr
1Y Returns2.5%

LIC MF Childrens Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Children's segment and provided 5.94% annualized returns in the last 3 years. In the last 1 year, it gave 3.6% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.6% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Solution Oriented mutual fund in India.

Fund Manager: Marzban Irani, Ramnath Venkateswaran

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating1star
AUM13Cr
1Y Returns3.6%

LIC MF Large Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 12.2% annualized returns in the last 3 years. In the last 1 year, it gave 6.78% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.78% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating1star
AUM258Cr
1Y Returns6.8%

LIC MF Equity Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 10.23% annualized returns in the last 3 years. In the last 1 year, it gave 6.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.25% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Marzban Irani, Ramnath Venkateswaran

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating1star
AUM336Cr
1Y Returns6.3%

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

Best LIC Tax Saving Mutual Funds

These schemes fall under the Equity Linked Scheme or ELSS, which predominantly invest in equity and other equity related securities. These help investors to attain good returns as well as claim exemptions under Section 80 'C' of the Income Tax Act, which proves beneficial for investors.

Best LIC Equity Mutual Funds

Equity funds aim to provide long-term wealth appreciation by investing in equity and equity related securities. These funds provide very good returns, but they vary from a risk grade of moderately risky to highly risky. These funds are suitable for investors who want high returns, but are willing to take risks.

Best LIC Debt Mutual Funds

Debt funds invest in debt/ money market and government securities. These funds are not very volatile and are perfect for investors who have a low risk appetite. Within debt, there are various categories and investors can further choose which category they want to opt for. These funds aim to give stable returns to investors.

Best LIC Hybrid Mutual Funds

Balanced funds are also called as Equity oriented hybrid funds. These funds are a combination of equity and debt. But as the name suggests, the equity proportion is predominant being 65- 80% and the debt portion is 20-35% of the entire corpus invested.

Investing Articles

Explore all Mutual Funds on Groww

Explore Mutual Funds
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
MOST POPULAR ON GROWW
MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | RELIANCE  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP BLACKROCK  | AXIS  | TATA  | L&T  | SUNDARAM  | DHFL PRAMERICA  | INVESCO  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | ESSEL  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | ESCORTS  |