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Best LIC Equity 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.

Equity Savings Fund typically invests the total capital in three segments- pure equity, arbitrage and debt funds. Generally, one-third of the total capital in pure equity, one-third in debt funds and the balance in arbitrage funds. However, the composition varies from fund to fund. The equity component can vary from 20-40% approx and depends on the type of mutual fund.

These funds outperform debt funds over taxation and treated as equity funds for taxation. If sold before a year, short term capital gains are taxed at 15% and if sold after a year, no tax is levied on the gains.

Purpose: Invest here for your longer duration to get higher returns than debt funds.

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Top 10 Lic Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
LIC MF Large & Mid Cap FundEquityVery High58.3%4star1,058
LIC MF Index Fund - Sensex PlanEquityVery High56.7%4star33
LIC MF Banking & PSU Debt FundDebtLow to Moderate6.6%4star2,234
LIC MF Liquid FundDebtLow to Moderate3.5%4star7,244
LIC MF Tax PlanEquityVery High54.5%3star339
LIC MF G Sec FundDebtModerate5.5%4star48
LIC MF Banking & Financial Services FundEquityVery High55.1%1star58
LIC MF Index Fund - Nifty PlanEquityVery High61.0%3star43
LIC MF Savings FundDebtLow to Moderate7.4%3star1,005
LIC MF Large Cap FundEquityVery High51.3%3star506
LIC MF Flexi Cap FundEquityVery High42.6%2star353
LIC MF Equity Hybrid FundHybridVery High34.8%3star425
LIC MF Childrens FundDebtVery High39.4%2star13
LIC MF Bond FundDebtModerate4.8%2star171
LIC MF Infrastructure FundEquityVery High62.5%4star62
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 Large & Mid Cap Fund Direct Growth

Fund Performance: This fund has given 10.32% annualized returns in the last three years. In the last year, its returns were 58.25%. 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 58.25% 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
AUM1,058Cr
1Y Returns58.3%

LIC MF Index Sensex Fund Direct Growth

Fund Performance: This fund has given 12.42% annualized returns in the last three years. In the last year, its returns were 56.72%. 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 56.72% 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
AUM33Cr
1Y Returns56.7%

LIC MF Banking & PSU Debt Fund Direct Growth

Fund Performance: This fund has given 8.71% annualized returns in the last three years. In the last year, its returns were 6.63%. 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 6.63% 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
AUM2,234Cr
1Y Returns6.6%

LIC MF Liquid Fund Direct Growth

Fund Performance: This fund has given 5.71% annualized returns in the last three years. In the last year, its returns were 3.49%. 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 3.49% 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
AUM7,244Cr
1Y Returns3.5%

LIC MF Tax Direct Plan Growth

Fund Performance: This fund has given 8.66% annualized returns in the last three years. In the last year, its returns were 54.48%. 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 54.48% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹500. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹500
AUM339Cr
1Y Returns54.5%

LIC MF Govt. Securities Fund Direct Growth

Fund Performance: This fund has given 10.61% annualized returns in the last three years. In the last year, its returns were 5.53%. 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 5.53% 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
AUM48Cr
1Y Returns5.5%

LIC MF Banking & Financial Services Fund Direct Growth

Fund Performance: This fund has given 5.08% annualized returns in the last three years. In the last year, its returns were 55.15%. 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 55.15% 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
AUM58Cr
1Y Returns55.1%

LIC MF Index Nifty Fund Direct Growth

Fund Performance: This fund has given 11.98% annualized returns in the last three years. In the last year, its returns were 60.96%. 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 60.96% 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
AUM43Cr
1Y Returns61.0%

LIC MF Savings Fund Direct Growth

Fund Performance: This fund has given 6.21% annualized returns in the last three years. In the last year, its returns were 7.44%. 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 7.44% 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
AUM1,005Cr
1Y Returns7.4%

LIC MF Large Cap Fund Direct Growth

Fund Performance: This fund has given 11.9% annualized returns in the last three years. In the last year, its returns were 51.28%. 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 51.28% 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
AUM506Cr
1Y Returns51.3%

LIC MF Flexi Cap Fund Direct Growth

Fund Performance: This fund has given 9.18% annualized returns in the last three years. In the last year, its returns were 42.59%. 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 42.59% 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
AUM353Cr
1Y Returns42.6%

LIC MF Equity Hybrid Fund Direct Growth

Fund Performance: This fund has given 9.32% annualized returns in the last three years. In the last year, its returns were 34.79%. 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 34.79% 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
AUM425Cr
1Y Returns34.8%

LIC MF Children's Gift Fund Direct Growth

Fund Performance: This fund has given 8.91% annualized returns in the last three years. In the last year, its returns were 39.4%. 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 39.4% 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
AUM13Cr
1Y Returns39.4%

LIC MF Bond Fund Direct Growth

Fund Performance: This fund has given 8.48% annualized returns in the last three years. In the last year, its returns were 4.77%. 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 4.77% 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
AUM171Cr
1Y Returns4.8%

LIC MF Infrastructure Fund Direct Growth

Fund Performance: This fund has given 6.89% annualized returns in the last three years. In the last year, its returns were 62.45%. 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 62.45% 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
AUM62Cr
1Y Returns62.5%

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