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 FundEquityModerately High-15.1%4star657
LIC MF Index Fund - Sensex PlanOthersModerately High-20.8%3star21
LIC MF Banking & PSU Debt FundDebtModerate9.8%5star1,576
LIC MF Liquid FundDebtLow6.4%3star9,789
LIC MF Tax PlanEquityModerately High-16.4%4star272
LIC MF G Sec FundDebtModerate13.9%4star40
LIC MF Banking & Financial Services FundEquityHigh-25.3%1star55
LIC MF Index Fund - Nifty PlanOthersModerately High-23.5%2star24
LIC MF Savings FundDebtModerate3.1%3star995
LIC MF Large Cap FundEquityModerately High-10.3%3star329
LIC MF Multi Cap FundEquityModerately High-14.6%1star300
LIC MF Equity Hybrid FundHybridModerately High-9.6%2star422
LIC MF Bond FundDebtModerate11.5%3star185
LIC MF Infrastructure FundEquityHigh-26.6%3star51
LIC MF Debt Hybrid FundHybridModerate5.2%2star65
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 1.17% annualized returns in the last three years. In the last year, its returns were -15.1%. 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 -15.1% 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
AUM657Cr
1Y Returns-15.1%

LIC MF Index Sensex Fund Direct Growth

Fund Performance: This fund has given 1.19% annualized returns in the last three years. In the last year, its returns were -20.82%. 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 -20.82% 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
AUM21Cr
1Y Returns-20.8%

LIC MF Banking & PSU Debt Fund Direct Growth

Fund Performance: This fund has given 8.41% annualized returns in the last three years. In the last year, its returns were 9.76%. 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 9.76% 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
AUM1,576Cr
1Y Returns9.8%

LIC MF Liquid Fund Direct Growth

Fund Performance: This fund has given 6.9% annualized returns in the last three years. In the last year, its returns were 6.36%. 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 6.36% 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
AUM9,789Cr
1Y Returns6.4%

LIC MF Tax Direct Plan Growth

Fund Performance: This fund has given 1.65% annualized returns in the last three years. In the last year, its returns were -16.41%. 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 -16.41% returns in the last one year. . Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹500
AUM272Cr
1Y Returns-16.4%

LIC MF Govt. Securities Fund Direct Growth

Fund Performance: This fund has given 8.79% annualized returns in the last three years. In the last year, its returns were 13.92%. 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 13.92% 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
AUM40Cr
1Y Returns13.9%

LIC MF Banking & Financial Services Fund Direct Growth

Fund Performance: This fund has given -8.06% annualized returns in the last three years. In the last year, its returns were -25.32%. 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 -25.32% 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
AUM55Cr
1Y Returns-25.3%

LIC MF Index Nifty Fund Direct Growth

Fund Performance: This fund has given -0.91% annualized returns in the last three years. In the last year, its returns were -23.5%. 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 -23.5% 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
AUM24Cr
1Y Returns-23.5%

LIC MF Savings Fund Direct Growth

Fund Performance: This fund has given 6.09% annualized returns in the last three years. In the last year, its returns were 3.1%. 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 3.1% 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
AUM995Cr
1Y Returns3.1%

LIC MF Large Cap Fund Direct Growth

Fund Performance: This fund has given 2.74% annualized returns in the last three years. In the last year, its returns were -10.33%. 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 -10.33% 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
AUM329Cr
1Y Returns-10.3%

LIC MF Multicap Fund Direct Growth

Fund Performance: This fund has given -1.45% annualized returns in the last three years. In the last year, its returns were -14.58%. 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 -14.58% 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
AUM300Cr
1Y Returns-14.6%

LIC MF Equity Hybrid Fund Direct Growth

Fund Performance: This fund has given 0.9% annualized returns in the last three years. In the last year, its returns were -9.6%. 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 -9.6% 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
AUM422Cr
1Y Returns-9.6%

LIC MF Bond Fund Direct Growth

Fund Performance: This fund has given 7.25% annualized returns in the last three years. In the last year, its returns were 11.46%. 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 11.46% 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
AUM185Cr
1Y Returns11.5%

LIC MF Infrastructure Fund Direct Growth

Fund Performance: This fund has given -5.25% annualized returns in the last three years. In the last year, its returns were -26.59%. 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 -26.59% 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
AUM51Cr
1Y Returns-26.6%

LIC MF Debt Hybrid Fund Direct Growth

Fund Performance: This fund has given 5.34% annualized returns in the last three years. In the last year, its returns were 5.2%. 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 5.2% 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
AUM65Cr
1Y Returns5.2%

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