Top 10 Lic Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
LIC MF Banking & PSU Debt FundDebtModerate8.5%5star227
LIC MF Savings FundDebtModerately Low8.0%4star1,458
LIC MF Large & Mid Cap FundEquityHigh-7.0%4star399
LIC MF G Sec FundDebtModerate10.8%3star37
LIC MF Tax PlanEquityModerately High-3.4%3star195
LIC MF Liquid FundDebtLow7.5%3star10,146
LIC MF Index Fund - Sensex PlanOthersModerately High4.7%2star20
LIC MF Index Fund - Nifty PlanOthersModerately High2.1%2star24
LIC MF Infrastructure FundEquityHigh-15.5%2star51
LIC MF Debt Hybrid FundHybridModerately High3.3%2star86
LIC MF Bond FundDebtModerate6.5%2star281
LIC MF Large Cap FundEquityModerately High-0.1%2star259
LIC MF Banking & Financial Services FundEquityHigh-12.7%1star58
LIC MF Childrens FundSolution OrientedModerately High-6.2%1star14
LIC MF Equity Hybrid FundHybridModerately High-2.4%1star337
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 8.05% annualized returns in the last 3 years. In the last 1 year, it gave 8.54% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.54% 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
AUM227Cr
1Y Returns8.5%

LIC MF Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 8.13% annualized returns in the last 3 years. In the last 1 year, it gave 8.02% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.02% 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
AUM1,458Cr
1Y Returns8.0%

LIC MF Large & Mid Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 18% annualized returns in the last 3 years. In the last 1 year, it gave -7.04% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -7.04% returns in the last 1 year. Groww rated this fund as 4 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 Rating4star
AUM399Cr
1Y Returns-7.0%

LIC MF G Sec Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 8.94% annualized returns in the last 3 years. In the last 1 year, it gave 10.81% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.81% 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 Returns10.8%

LIC MF Tax Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 15.42% annualized returns in the last 3 years. In the last 1 year, it gave -3.38% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.38% 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
AUM195Cr
1Y Returns-3.4%

LIC MF Liquid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.31% annualized returns in the last 3 years. In the last 1 year, it gave 7.55% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.55% 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
AUM10,146Cr
1Y Returns7.5%

LIC MF Index Fund - Sensex Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 15.22% annualized returns in the last 3 years. In the last 1 year, it gave 4.74% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.74% 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 Returns4.7%

LIC MF Index Fund - Nifty Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 14.64% annualized returns in the last 3 years. In the last 1 year, it gave 2.06% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.06% 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
AUM24Cr
1Y Returns2.1%

LIC MF Infrastructure Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 10.53% annualized returns in the last 3 years. In the last 1 year, it gave -15.49% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -15.49% 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-15.5%

LIC MF Debt Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.6% annualized returns in the last 3 years. In the last 1 year, it gave 3.3% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.3% 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
AUM86Cr
1Y Returns3.3%

LIC MF Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 7.14% annualized returns in the last 3 years. In the last 1 year, it gave 6.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.46% 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 Returns6.5%

LIC MF Large Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 12.45% annualized returns in the last 3 years. In the last 1 year, it gave -0.13% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.13% 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 Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM259Cr
1Y Returns-0.1%

LIC MF Banking & Financial Services Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 12.25% annualized returns in the last 3 years. In the last 1 year, it gave -12.73% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -12.73% 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
AUM58Cr
1Y Returns-12.7%

LIC MF Childrens Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Children's segment and provided 6.97% annualized returns in the last 3 years. In the last 1 year, it gave -6.17% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -6.17% 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
AUM14Cr
1Y Returns-6.2%

LIC MF Equity Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 11.4% annualized returns in the last 3 years. In the last 1 year, it gave -2.35% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.35% 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
AUM337Cr
1Y Returns-2.4%

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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.

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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.
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