| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| LIC MF Banking & PSU Debt Fund | Debt | Moderate | 8.9% | 5star | ₹254 | |
| LIC MF Savings Fund | Debt | Moderately Low | 8.1% | 4star | ₹1,348 | |
| LIC MF G Sec Fund | Debt | Moderate | 9.2% | 3star | ₹37 | |
| LIC MF Tax Plan | Equity | Moderately High | 2.3% | 3star | ₹198 | |
| LIC MF Liquid Fund | Debt | Low | 7.5% | 3star | ₹9,184 | |
| LIC MF Large & Mid Cap Fund | Equity | High | -0.4% | 3star | ₹409 | |
| LIC MF Index Fund - Sensex Plan | Others | Moderately High | 14.4% | 2star | ₹20 | |
| LIC MF Index Fund - Nifty Plan | Others | Moderately High | 12.3% | 2star | ₹25 | |
| LIC MF Infrastructure Fund | Equity | High | -2.0% | 2star | ₹51 | |
| LIC MF Debt Hybrid Fund | Hybrid | Moderately High | 5.3% | 2star | ₹84 | |
| LIC MF Bond Fund | Debt | Moderate | 6.6% | 2star | ₹281 | |
| LIC MF Banking & Financial Services Fund | Equity | High | 2.5% | 1star | ₹56 | |
| LIC MF Childrens Fund | Solution Oriented | Moderately High | 3.6% | 1star | ₹13 | |
| LIC MF Large Cap Fund | Equity | Moderately High | 6.8% | 1star | ₹258 | |
| LIC MF Equity Hybrid Fund | Hybrid | Moderately High | 6.3% | 1star | ₹336 | |
| View All Top 10 Lic Mutual Funds |
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.
Now let us jump and check about these top 10 mutual fund schemes.
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 5star |
| AUM | ₹254Cr |
| 1Y Returns | 8.9% |
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 Date | 1 Jan 2013 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 4star |
| AUM | ₹1,348Cr |
| 1Y Returns | 8.1% |
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 Date | 1 Jan 2013 |
|---|---|
| Min Investment Amt | ₹10,000 |
| Groww Rating | 3star |
| AUM | ₹37Cr |
| 1Y Returns | 9.2% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹500 |
| Groww Rating | 3star |
| AUM | ₹198Cr |
| 1Y Returns | 2.3% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 3star |
| AUM | ₹9,184Cr |
| 1Y Returns | 7.5% |
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 Date | 24 Feb 2015 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 3star |
| AUM | ₹409Cr |
| 1Y Returns | -0.4% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 2star |
| AUM | ₹20Cr |
| 1Y Returns | 14.4% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 2star |
| AUM | ₹25Cr |
| 1Y Returns | 12.3% |
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 Date | 1 Jan 2013 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 2star |
| AUM | ₹51Cr |
| 1Y Returns | -2.0% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 2star |
| AUM | ₹84Cr |
| 1Y Returns | 5.3% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 2star |
| AUM | ₹281Cr |
| 1Y Returns | 6.6% |
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 Date | 26 Mar 2015 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 1star |
| AUM | ₹56Cr |
| 1Y Returns | 2.5% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 1star |
| AUM | ₹13Cr |
| 1Y Returns | 3.6% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 1star |
| AUM | ₹258Cr |
| 1Y Returns | 6.8% |
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 Date | 31 Dec 2012 |
|---|---|
| Min Investment Amt | ₹5,000 |
| Groww Rating | 1star |
| AUM | ₹336Cr |
| 1Y Returns | 6.3% |
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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.
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.
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.
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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