Best LIC Debt 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.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

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Top 10 Lic Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
LIC MF Banking & PSU Debt FundDebtModerate10.8%5star1,406
LIC MF G Sec FundDebtModerate12.6%4star42
LIC MF Large & Mid Cap FundEquityHigh14.8%4star585
LIC MF Savings FundDebtModerately Low4.3%3star1,045
LIC MF Liquid FundDebtLow6.8%3star9,640
LIC MF Index Fund - Sensex PlanOthersModerately High14.0%3star22
LIC MF Large Cap FundEquityModerately High16.0%3star309
LIC MF Index Fund - Nifty PlanOthersModerately High12.5%2star29
LIC MF Debt Hybrid FundHybridModerately High9.9%2star67
LIC MF Infrastructure FundEquityHigh15.9%2star56
LIC MF Bond FundDebtModerate10.2%2star246
LIC MF Equity Hybrid FundHybridModerately High14.5%2star394
LIC MF Banking & Financial Services FundEquityHigh21.9%1star60
LIC MF Multi Cap FundEquityModerately High14.7%1star299
LIC MF Tax PlanEquityModerately High14.5%3star256
View All Top 10 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 given 8.33% annualized returns in the last three years. In the last year, its returns were 10.85%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 10.85% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM1,406Cr
1Y Returns10.8%

LIC MF Govt. Securities Fund Direct Growth

Fund Performance: This fund has given 7.07% annualized returns in the last three years. In the last year, its returns were 12.55%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 12.55% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹10,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹10,000
AUM42Cr
1Y Returns12.6%

LIC MF Large & Mid Cap Fund Direct Growth

Fund Performance: This fund has given 13.63% annualized returns in the last three years. In the last year, its returns were 14.78%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 14.78% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM585Cr
1Y Returns14.8%

LIC MF Savings Fund Direct Growth

Fund Performance: This fund has given 6.34% annualized returns in the last three years. In the last year, its returns were 4.29%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 4.29% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM1,045Cr
1Y Returns4.3%

LIC MF Liquid Fund Direct Growth

Fund Performance: This fund has given 6.99% annualized returns in the last three years. In the last year, its returns were 6.79%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 6.79% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM9,640Cr
1Y Returns6.8%

LIC MF Index Sensex Fund Direct Growth

Fund Performance: This fund has given 15.1% annualized returns in the last three years. In the last year, its returns were 13.98%. It has continually hit its benchmark in the Others segment.

Why to invest: It is one of the most remarkable Others mutual funds in India. This fund has constantly outperformed other similar funds, providing 13.98% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM22Cr
1Y Returns14.0%

LIC MF Large Cap Fund Direct Growth

Fund Performance: This fund has given 13.51% annualized returns in the last three years. In the last year, its returns were 15.98%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 15.98% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM309Cr
1Y Returns16.0%

LIC MF Index Nifty Fund Direct Growth

Fund Performance: This fund has given 13.53% annualized returns in the last three years. In the last year, its returns were 12.52%. It has continually hit its benchmark in the Others segment.

Why to invest: It is one of the most remarkable Others mutual funds in India. This fund has constantly outperformed other similar funds, providing 12.52% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM29Cr
1Y Returns12.5%

LIC MF Debt Hybrid Fund Direct Growth

Fund Performance: This fund has given 6.08% annualized returns in the last three years. In the last year, its returns were 9.94%. It has continually hit its benchmark in the Hybrid segment.

Why to invest: It is one of the most remarkable Hybrid mutual funds in India. This fund has constantly outperformed other similar funds, providing 9.94% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM67Cr
1Y Returns9.9%

LIC MF Infrastructure Fund Direct Growth

Fund Performance: This fund has given 10.65% annualized returns in the last three years. In the last year, its returns were 15.9%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 15.9% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM56Cr
1Y Returns15.9%

LIC MF Bond Fund Direct Growth

Fund Performance: This fund has given 5.79% annualized returns in the last three years. In the last year, its returns were 10.21%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 10.21% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM246Cr
1Y Returns10.2%

LIC MF Equity Hybrid Fund Direct Growth

Fund Performance: This fund has given 9.45% annualized returns in the last three years. In the last year, its returns were 14.46%. It has continually hit its benchmark in the Hybrid segment.

Why to invest: It is one of the most remarkable Hybrid mutual funds in India. This fund has constantly outperformed other similar funds, providing 14.46% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM394Cr
1Y Returns14.5%

LIC MF Banking & Financial Services Fund Direct Growth

Fund Performance: This fund has given 7.88% annualized returns in the last three years. In the last year, its returns were 21.91%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 21.91% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM60Cr
1Y Returns21.9%

LIC MF Multicap Fund Direct Growth

Fund Performance: This fund has given 8.64% annualized returns in the last three years. In the last year, its returns were 14.72%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 14.72% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM299Cr
1Y Returns14.7%

LIC MF Tax Direct Plan Growth

Fund Performance: This fund has given 14.65% annualized returns in the last three years. In the last year, its returns were 14.49%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 14.49% returns in the last one year. . Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹500
AUM256Cr
1Y Returns14.5%

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