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.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| LIC MF Banking & PSU Debt Fund | Debt | Moderate | 9.4% | 5star | ₹1,751 | |
| LIC MF Liquid Fund | Debt | Low | 4.9% | 4star | ₹7,836 | |
| LIC MF Large & Mid Cap Fund | Equity | Moderately High | 5.4% | 4star | ₹772 | |
| LIC MF G Sec Fund | Debt | Moderate | 11.5% | 4star | ₹56 | |
| LIC MF Index Fund - Sensex Plan | Equity | Moderately High | 5.0% | 4star | ₹24 | |
| LIC MF Debt Hybrid Fund | Hybrid | Moderate | 9.2% | 4star | ₹79 | |
| LIC MF Savings Fund | Debt | Moderate | 8.0% | 3star | ₹986 | |
| LIC MF Infrastructure Fund | Equity | High | -7.8% | 3star | ₹46 | |
| LIC MF Short Term Debt Fund | Debt | Moderate | 9.5% | 3star | ₹345 | |
| LIC MF Tax Plan | Equity | Moderately High | -0.9% | 3star | ₹269 | |
| LIC MF Equity Hybrid Fund | Hybrid | Moderately High | 1.6% | 3star | ₹391 | |
| LIC MF Index Fund - Nifty Plan | Equity | Moderately High | 3.2% | 3star | ₹26 | |
| LIC MF Large Cap Fund | Equity | Moderately High | 0.6% | 3star | ₹388 | |
| LIC MF Bond Fund | Debt | Moderate | 10.0% | 2star | ₹181 | |
| LIC MF Multi Cap Fund | Equity | Moderately High | -0.0% | 2star | ₹293 | |
| View All Top Performing Lic Mutual Funds |
Key information
| Mutual fund | LIC Mutual Fund |
|---|---|
| Founded | 20 April 1989 |
| Incorporated | 20 April 1994 |
| Sponsors | Life Insurance Corporation of India |
| Trustee | LIC Mutual Fund Trustee Pvt. Ltd. |
| Chairman | Mr. V. K. Chopra |
| MD and CEO | Shri Raj Kumar |
| CIO | Mr. Saravana Kumar A |
| Investor Service Officer | Mrs. Sonali Pandit |
| Compliance Officer | Mr. Mayank Arora |
| Custodians | Standard Chartered Bank |
— Registered with SEBI, AMFI & BSE
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How can you invest in Lic Mutual Funds?
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.
Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: This fund has consistently performed above the benchmark in Banking & PSU segment. It has given a commendable 9.09% annual returns in the last three years. In the previous year, it delivered 9.39% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,751Cr |
| 1Y Returns | 9.4% |
Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 6.39% annual returns in the last three years. In the previous year, it delivered 4.86% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,836Cr |
| 1Y Returns | 4.9% |
Fund Performance: This fund has consistently performed above the benchmark in Large & Mid Cap segment. It has given a commendable 5.05% annual returns in the last three years. In the previous year, it delivered 5.39% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹772Cr |
| 1Y Returns | 5.4% |
Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 9.93% annual returns in the last three years. In the previous year, it delivered 11.46% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹56Cr |
| 1Y Returns | 11.5% |
Fund Performance: This fund has consistently performed above the benchmark in Index segment. It has given a commendable 8.34% annual returns in the last three years. In the previous year, it delivered 5% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹24Cr |
| 1Y Returns | 5.0% |
Fund Performance: This fund has consistently performed above the benchmark in Conservative segment. It has given a commendable 7.26% annual returns in the last three years. In the previous year, it delivered 9.15% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹79Cr |
| 1Y Returns | 9.2% |
Fund Performance: This fund has consistently performed above the benchmark in Low Duration segment. It has given a commendable 6.52% annual returns in the last three years. In the previous year, it delivered 8.02% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹986Cr |
| 1Y Returns | 8.0% |
Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable -1.35% annual returns in the last three years. In the previous year, it delivered -7.83% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹46Cr |
| 1Y Returns | -7.8% |
Fund Performance: This fund has consistently performed above the benchmark in Short Duration segment. In the previous year, it delivered 9.5% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹345Cr |
| 1Y Returns | 9.5% |
Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 4.86% annual returns in the last three years. In the previous year, it delivered -0.86% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹269Cr |
| 1Y Returns | -0.9% |
Fund Performance: This fund has consistently performed above the benchmark in Aggressive segment. It has given a commendable 5.81% annual returns in the last three years. In the previous year, it delivered 1.6% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹391Cr |
| 1Y Returns | 1.6% |
Fund Performance: This fund has consistently performed above the benchmark in Index segment. It has given a commendable 5.88% annual returns in the last three years. In the previous year, it delivered 3.23% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹26Cr |
| 1Y Returns | 3.2% |
Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. It has given a commendable 5.41% annual returns in the last three years. In the previous year, it delivered 0.58% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹388Cr |
| 1Y Returns | 0.6% |
Fund Performance: This fund has consistently performed above the benchmark in Medium to Long Duration segment. It has given a commendable 7.9% annual returns in the last three years. In the previous year, it delivered 9.99% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹181Cr |
| 1Y Returns | 10.0% |
Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 4.68% annual returns in the last three years. In the previous year, it delivered -0.02% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹293Cr |
| 1Y Returns | -0.0% |
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