LIC Mutual Fund
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.
LIC Mutual Funds currently operate with funds worth Rs. 289.57 Crore. Currently, it offers 22 different schemes catering to investors of varied risk appetites. It has 90.06% investment in the Indian Stock market, of which 87.62% is in large-cap stocks, and 2.43% is in mid-cap stocks.
LIC AMC recorded a CAGR of 14.56% in the last 3 fiscal years, making it one of the most preferred large and mid-cap mutual funds amongst investors. Customers can also avail tax benefits from LIC MF Tax Plans, both of which are ELSS based investment options.
List of undefined in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| LIC MF Large & Mid Cap Fund | Equity | Very High | 11.8% | 4 | ₹1,699 | |
| LIC MF Infrastructure Fund | Equity | Very High | 20.5% | 4 | ₹83 | |
| LIC MF Large Cap Fund | Equity | Very High | 5.1% | 4 | ₹657 | |
| LIC MF Govt. Securities Fund | Debt | Low to Moderate | 1.6% | 4 | ₹56 | |
| LIC MF Liquid Fund | Debt | Low to Moderate | 3.5% | 4 | ₹5,755 | |
| LIC MF Overnight Fund | Debt | Low | 3.4% | 4 | ₹238 | |
| LIC MF Tax Fund | Equity | Very High | 6.8% | 3 | ₹403 | |
| LIC MF Index Sensex Fund | Other | Very High | 6.6% | 3 | ₹51 | |
| LIC MF Index Nifty Fund | Other | Very High | 6.1% | 3 | ₹51 | |
| LIC MF Debt Hybrid Fund | Hybrid | Moderate | 3.3% | 3 | ₹63 | |
| LIC MF Flexi Cap Fund | Equity | Very High | 3.1% | 2 | ₹396 | |
| LIC MF Equity Hybrid Fund | Hybrid | Very High | 2.6% | 2 | ₹431 | |
| LIC MF Banking & PSU Debt Fund | Debt | Low to Moderate | 2.7% | 2 | ₹1,319 | |
| LIC MF Short Term Debt Fund | Debt | Low to Moderate | 2.3% | 2 | ₹226 | |
| LIC MF Bond Fund | Debt | Moderate | 0.0% | 2 | ₹104 | |
| View All |
Key information
| Mutual fund name | LIC Mutual Fund |
| Founded | 20 April 1989 |
| AMC Incorporation Date | 20 April 1994 |
| Sponsor name | Life Insurance Corporation of India |
| Trustee organisation | LIC Mutual Fund Trustee Pvt. Ltd. |
| Chairman | Mr. V. K. Chopra |
| MD and CEO | Shri Raj Kumar |
| CIO | Mr. Saravana Kumar A |
| Compliance Officer | Mr. Mayank Arora |
| Investor Service Officer | Mrs. Sonali Pandit |
| Custodians | Standard Chartered Bank |
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How can you invest in ?
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.
Top Fund Managers
1. Mr. Sachin Relekar
Mr. Sachin Relekar serves as the Fund Manager of LIC MF Tax Plan, an equity-based saving scheme offering tax benefits. He is an alumnus of Jamnalal Bajaj Institute of Management Studies, with more than 17 years of experience as an equity research analyst and business development.
Mr. Sachin Relekar joined LIC Mutual Fund in 2012, before which he was associated with Tata Asset Management Limited from 2007. He started his carer at Tech Pacific India Pvt. Limited in 2003 for business development of IT products.
Mr. Relekar currently handles Rs. 227 Crore in equity and debt-based investments.
2. Mr. Marzban Irani
Mr. Marzban Irani has over 19 years of experience as a Fund Manager at various Tier-I financial institutions across the country. Currently, he oversees the debt portfolio as the Fund Manager of LIC MF.
Mr. Irani has a Post Graduate Diploma in Business Management, which propelled him into a career as a Fund Manager at Tata Asset Management Ltd. from 2000 to 2007. He shifted to Mirae Asset Management Ltd., undertaking the same role in 2008. Marzban Irani also worked with MetLife Insurance as Chief Manager till 2011.
Mr. Marzban Irani oversees investment options like LIC MF Bond Fund. It has maintained a CRISIL rank of 4 starts in the previous fiscal year, handling a fund of Rs. 265.96 Crore and a 1.07% expense ratio.
3. Mr. Rahul Singh
Mr. Rahul Singh is an alumnus of IIM Lucknow, with 23 years of experience behind him. He has been associated with Tata Asset Management as Chief Investment Officer of Equities and with Ampersand Capital as Managing Partner. Prior to that, he worked with Standard Chartered Securities and Citigroup Global Markets India as a business development lead and asset manager.
Mr. Singh oversees LIC Mutual Funds Liquid Fund scheme. He handles funds of Rs. 8801.21 Crore including G-Sec Long Term ETF and Series 1,2, and 3 CPOF.
4. Yogesh Patil
Mr. Yogesh Patil was appointed as the Fund Manager for LIC MF Multicap Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex, LIC MF Index Nifty, LIC MF Equity Hybrid Fund, LIC MF Debt Hybrid Fund and LIC MF Children’s Gift Fund on October 2018. He is one of the leading names in capital marketing, with over 16 years of experience in the Indian Equity Market.
Mr. Yogesh Patil completed his Master of Business Administration in 2001 from Symbiosis Institute of Business Management. He launched his career at Sahara Mutual Funds as an equity research analyst in 2006. In 2009, he shifted to Canara Robeco Asset Management Company Limited as an Analyst.
In 2018, Mr. Patil left Canara Robeco Asset Management Company Limited after working as a Senior Fund Manager (Equity). Currently, he handles Rs. 160.1 Crore as the Fund Manager for LIC MF Arbitrage Fund.
5. Saravana Kumar Ananthan
Mr. Saravana Kumar Ananthan is the Chief Investment Officer at LIC Mutual Funds. He oversees LIC MF Equity, LIC MF Balanced, LIC MF MIP, LIC MF Children’s Gift Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex and LIC MF Index Nifty. He is an MBA in Finance from the Indian Institute of Management and has completed CAIIB from the Indian Institute of Bankers.
Mr. Saravana Kumar was associated with companies like Trust Investment Advisors Pvt Ltd., Tata AIA Life Insurance, ICICI Bank, SBI Mutual Funds, and UTI Mutual Funds. He has over 25 years of experience with him in the sector of investment management. He also completed Management Development Programme on Financial Markets at Merrill Lynch New York in 2007 and has worked as a guest faculty of the Institute of Financial Management Research.
6. Shri Raj Kumar
Shri Raj Kumar joined as a whole time director for LIC MF in April 2017. A veteran of the industry market, Raj Kumar has more than 32 years of experience behind him and climbed the ranks in Life Insurance Corporation of India from being a zonal manager of Bhopal to the director of operations.
Mr. Kumar will handle assets of over Rs. 24,475 Crore as of March 31st. LIC mutual fund is presently listed as number 17th in the industry thanks to the careful handling of its different operations.
Shri Raj Kumar is in charge of Equity Funds, Debt Funds, Hybrid Funds, Solution Oriented Funds, ETFs & Index Funds of the organisation.
Let's have a closer look
Now let us jump and check about these top 10 mutual fund schemes.
LIC MF Large & Mid Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.09% & 12.53%. 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 ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,699Cr |
| 1Y Returns | 11.8% |
LIC MF Infrastructure Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.97% & 10.38%. 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 ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹83Cr |
| 1Y Returns | 20.5% |
LIC MF Large Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.69% & 10.65%. The LIC MF Large Cap Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Large Cap Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹657Cr |
| 1Y Returns | 5.1% |
LIC MF Govt. Securities Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.67% & 7.04%. The LIC MF Govt. Securities Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Govt. Securities Fund is ₹10,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹56Cr |
| 1Y Returns | 1.6% |
LIC MF Liquid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.32% & 5.48%. 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 ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹5,755Cr |
| 1Y Returns | 3.5% |
LIC MF Overnight Fund Direct Growth
Fund Performance: The LIC MF Overnight Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Overnight Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹238Cr |
| 1Y Returns | 3.4% |
LIC MF Tax Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.38% & 10.82%. The LIC MF Tax Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Tax Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹403Cr |
| 1Y Returns | 6.8% |
LIC MF Index Sensex Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.35% & 12.16%. The LIC MF Index Sensex Fund comes under the Other category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Index Sensex Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹51Cr |
| 1Y Returns | 6.6% |
LIC MF Index Nifty Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.13% & 11.42%. The LIC MF Index Nifty Fund comes under the Other category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Index Nifty Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹51Cr |
| 1Y Returns | 6.1% |
LIC MF Debt Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.2% & 6.42%. The LIC MF Debt Hybrid Fund comes under the Hybrid category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Debt Hybrid Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹63Cr |
| 1Y Returns | 3.3% |
LIC MF Flexi Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 10.02% & 7.38%. The LIC MF Flexi Cap Fund comes under the Equity category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Flexi Cap Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹396Cr |
| 1Y Returns | 3.1% |
LIC MF Equity Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.99% & 7.36%. The LIC MF Equity Hybrid Fund comes under the Hybrid category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Equity Hybrid Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹431Cr |
| 1Y Returns | 2.6% |
LIC MF Banking & PSU Debt Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.47% & 7%. The LIC MF Banking & PSU Debt Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Banking & PSU Debt Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,319Cr |
| 1Y Returns | 2.7% |
LIC MF Short Term Debt Fund Direct Growth
Fund Performance: The LIC MF Short Term Debt Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Short Term Debt Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹226Cr |
| 1Y Returns | 2.3% |
LIC MF Bond Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.75% & 5.58%. The LIC MF Bond Fund comes under the Debt category of LIC Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for LIC MF Bond Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹104Cr |
| 1Y Returns | 0.0% |
FAQs on LIC Mutual Fund
How to Start LIC Mutual Fund SIP Online?
One can start investing in LIC Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in LIC Mutual Funds.
How to Calculate LIC Mutual Fund SIP?
To calculate LIC Mutual Fund SIP, one needs to take into account certain things such as:
- the investment amount
- the tenure of SIP
- the number of your LIC Mutual Fund SIPs (if there's any) already paid
- expected interest rate
How to redeem LIC Mutual Fund?
To redeem LIC Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their LIC Mutual Fund investments from any online portal where they have invested.
How to increase SIP amount in axis mutual fund?
An LIC Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.
How to stop a SIP in an LIC Mutual Fund online?
Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the LIC Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.
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