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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 FundEquityModerately High12.4%4star792
LIC MF Index Fund - Sensex PlanEquityModerately High11.2%4star25
LIC MF Banking & PSU Debt FundDebtModerate8.9%5star1,771
LIC MF Liquid FundDebtLow4.6%4star6,763
LIC MF Tax PlanEquityModerately High6.5%3star277
LIC MF G Sec FundDebtModerate11.3%4star60
LIC MF Banking & Financial Services FundEquityHigh-3.5%1star50
LIC MF Index Fund - Nifty PlanEquityModerately High10.5%3star26
LIC MF Savings FundDebtModerate7.5%3star947
LIC MF Large Cap FundEquityModerately High10.7%2star405
LIC MF Multi Cap FundEquityModerately High7.3%2star303
LIC MF Equity Hybrid FundHybridModerately High7.7%3star400
LIC MF Childrens FundDebtModerately High9.6%1star12
LIC MF Bond FundDebtModerate9.5%2star233
LIC MF Infrastructure FundEquityHigh0.3%4star48
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 8.31% annualized returns in the last three years. In the last year, its returns were 12.45%. 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 12.45% 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
AUM792Cr
1Y Returns12.4%

LIC MF Index Sensex Fund Direct Growth

Fund Performance: This fund has given 11.65% annualized returns in the last three years. In the last year, its returns were 11.21%. 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 11.21% 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
AUM25Cr
1Y Returns11.2%

LIC MF Banking & PSU Debt Fund Direct Growth

Fund Performance: This fund has given 9.16% annualized returns in the last three years. In the last year, its returns were 8.89%. 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 8.89% 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
AUM1,771Cr
1Y Returns8.9%

LIC MF Liquid Fund Direct Growth

Fund Performance: This fund has given 6.25% annualized returns in the last three years. In the last year, its returns were 4.57%. 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 4.57% 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
AUM6,763Cr
1Y Returns4.6%

LIC MF Tax Direct Plan Growth

Fund Performance: This fund has given 7.88% annualized returns in the last three years. In the last year, its returns were 6.51%. 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 6.51% 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
AUM277Cr
1Y Returns6.5%

LIC MF Govt. Securities Fund Direct Growth

Fund Performance: This fund has given 10.36% annualized returns in the last three years. In the last year, its returns were 11.35%. 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 11.35% 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
AUM60Cr
1Y Returns11.3%

LIC MF Banking & Financial Services Fund Direct Growth

Fund Performance: This fund has given -1.5% annualized returns in the last three years. In the last year, its returns were -3.53%. 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 -3.53% 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
AUM50Cr
1Y Returns-3.5%

LIC MF Index Nifty Fund Direct Growth

Fund Performance: This fund has given 9.83% annualized returns in the last three years. In the last year, its returns were 10.47%. 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 10.47% 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
AUM26Cr
1Y Returns10.5%

LIC MF Savings Fund Direct Growth

Fund Performance: This fund has given 6.45% annualized returns in the last three years. In the last year, its returns were 7.55%. 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 7.55% 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
AUM947Cr
1Y Returns7.5%

LIC MF Large Cap Fund Direct Growth

Fund Performance: This fund has given 10.05% annualized returns in the last three years. In the last year, its returns were 10.7%. 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 10.7% 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
AUM405Cr
1Y Returns10.7%

LIC MF Multicap Fund Direct Growth

Fund Performance: This fund has given 5.37% annualized returns in the last three years. In the last year, its returns were 7.27%. 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 7.27% 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
AUM303Cr
1Y Returns7.3%

LIC MF Equity Hybrid Fund Direct Growth

Fund Performance: This fund has given 7.01% annualized returns in the last three years. In the last year, its returns were 7.72%. 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 7.72% 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
AUM400Cr
1Y Returns7.7%

LIC MF Children's Gift Fund Direct Growth

Fund Performance: This fund has given 5.6% annualized returns in the last three years. In the last year, its returns were 9.64%. 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 9.64% 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
AUM12Cr
1Y Returns9.6%

LIC MF Bond Fund Direct Growth

Fund Performance: This fund has given 8.21% annualized returns in the last three years. In the last year, its returns were 9.46%. 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 9.46% 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
AUM233Cr
1Y Returns9.5%

LIC MF Infrastructure Fund Direct Growth

Fund Performance: This fund has given 1.26% annualized returns in the last three years. In the last year, its returns were 0.34%. 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 0.34% 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
AUM48Cr
1Y Returns0.3%

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