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LIC Mutual Fund

LIC, the most trusted name in the field of insurance, launched its mutual fund wing on 20th April 1989. (+)

Kickstart your SIP journey with just ₹100!

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Best LIC Mutual Fund

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logo LIC MF Infrastructure Fund - Direct Growth

34.90%

Fund Size (Cr.) - 852

Invest
logo LIC MF Small Cap Fund - Direct Growth

26.62%

Fund Size (Cr.) - 411

Invest
logo LIC MF Dividend Yield Fund - Direct Growth

22.29%

Fund Size (Cr.) - 464

Invest
logo LIC MF Midcap Fund - Direct Growth

20.90%

Fund Size (Cr.) - 319

Invest
logo LIC MF Value Fund - Direct Growth

20.52%

Fund Size (Cr.) - 143

Invest
logo LIC MF Healthcare Fund - Direct Growth

19.30%

Fund Size (Cr.) - 84

Invest
logo LIC MF Large & Mid Cap Fund - Direct Growth

19.18%

Fund Size (Cr.) - 3,126

Invest
logo LIC MF Nifty Next 50 Index Fund - Direct Growth

19.05%

Fund Size (Cr.) - 97

Invest
logo LIC MF ELSS Tax Saver - Direct Growth

17.90%

Fund Size (Cr.) - 1,147

Invest
logo LIC MF Flexi Cap Fund - Direct Growth

15.68%

Fund Size (Cr.) - 1,075

Invest
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LIC Mutual Fund has consistently maintained an above-average CRISIL rating and is one of the most acclaimed fund houses in the Indian asset management sphere. It offers funds across categories like equity, debt, exchange-traded fund, hybrid, and liquid. The company also provides Portfolio Management Services. View More

Due to its world-class corporate governance structure, LIC has gradually emerged as investors’ preferred Investment Manager. Presently, the company has an enviable track record of offering 24 equity, 32 hybrid, and 40 debt funds. Indian and foreign investors can invest in LIC mutual fund schemes both online and offline.

LIC Mutual Fund’s revenue from operations grew from INR 390,294.89 thousand in 2019-20 to INR 429,597.61 thousand in 2020-21. In the same period, its profit grew from INR (21,726.24) thousand to INR 59,388.56 thousand. Moreover, its basic and diluted EPS (Earnings Per Share) has increased from INR (2.03) in 2019-20 to INR 5.42 in 2020-21.

LIC Mutual Fund is headed by Mr Dinesh Pangtey, Whole-time Director and Chief Executive Officer. Mr Mayank Arora is the Chief Compliance, Financial Officer & Company Secretary. The name of the Trustee Company of LIC AMC is LIC Mutual Fund Trustee Private Ltd. While LIC of India holds 49% stake in the Trustee company, LIC Housing Finance Ltd. holds 35.30%, and GIC Housing Finance Ltd. holds 15.70%. The Board of Directors includes Shri. Bishnu Charan Patnaik (Nominee Director), Shri. Rammohan Nilkanth Bhave (Independent Director), Shri. Thomas Panamthanath (Independent Director), Shri. Ashok Paranjpe (Independent Director), and Shri. Amit Pandit (Independent Director).

LIC Mutual Fund Key Information

LIC Mutual Fund Managers

How to Invest in LIC Mutual Fund ?

Investments in MF LIC schemes can be made directly or through one of the distributors of LIC appointed. Applications for the allocation of LIC MF units can only be submitted in the prescribed form. You can also invest online on the official website of LIC or through 5Paisa. Investing in LIC Mutual Funds is quite comfortable and easy following these steps: View More

Step 1: You simply need to log in to the 5Paisa platform and compare all the given LIC plans and mutual funds.

Step 2: Based on your preference, you can select a SIP or a lump sum investment.

Step 3: Enter the amount you want to invest and make the payment by clicking on the Invest Now button.

Step 4: It takes 3-4 business days for the payment to be processed, after which the investment appears in the investment portfolio.

Top 10 LIC Mutual Fund to Invest

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 852
  • 3Y Return
  • 34.90%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 411
  • 3Y Return
  • 26.62%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 464
  • 3Y Return
  • 22.29%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 319
  • 3Y Return
  • 20.90%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 143
  • 3Y Return
  • 20.52%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 84
  • 3Y Return
  • 19.30%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 3,126
  • 3Y Return
  • 19.18%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 97
  • 3Y Return
  • 19.05%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 1,147
  • 3Y Return
  • 17.90%

  • Min SIP Investment Amt
  • ₹ 200
  • AUM (Cr.)
  • ₹ 1,075
  • 3Y Return
  • 15.68%

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Frequently Asked Questions

The LIC Mutual Fund has lately introduced a change in scheme and program names effective July 1, 2022, as per the following:

Existing Scheme Name – Revised Scheme Name

  • LIC MF ETF – Nifty 50 – LIC MF Nifty 50 ETF
  • LIC MF ETF – Nifty 100 – LIC MF Nifty 100 ETF
  • LIC MF ETF – Sensex – LIC MF S & P BSE Sensex ETF
  • LIC MF Index Fund – Nifty Plan – LIC MF Nifty 50 Index Fund
  • LIC MF Index Fund – Sensex Plan – LIC MF S & P BSE Sensex Index Fund
  • LIC MF Gsec Long Term ETF – LIC MF Nifty 8-13 yr G-Sec ETF

Investments in certain LIC investment funds, like ELSS or RGESS, are for tax benefits. It is essential to read the terms and conditions of the MF invested in carefully.

LIC Mutual fund investments are subject to certain risk factors. Investment funds include market risk, meaning there is no guarantee that the Investment Fund’s objectives will be achieved. The NAV of the shares issued under the program may rise or fall depending on the capital markets’ factors and forces. The past performance of the Fund is not indicative of the future performance of the Fund’s arrangements. The program’s name is in no way indicative of the program’s quality or its prospects and returns. No promised/guaranteed return is offered to investors in the program.

The SWP in LIC is a facility given to Shareholders to regularly withdraw funds from the Plan by issuing a single instruction. An SGP allows investors to redeem a fixed amount/number of shares – a minimum of 50 and their multiples – at specified intervals. An investor must have a minimum balance of the specified amount. The default SWP date is the 2nd of every month. The frequency of the SWP is monthly. The charging structure in effect at the time of the request applies to all rates specified therein.

To protect participants’ interests from fraudulent check cashing, current SEBI regulations require investors to indicate the participant’s bank name and account number in their LIC request/redemption request. Be responsible for any loss resulting from fraudulent check cashing and for any delay/loss during transport. In the absence of such information, applications are subject to rejection.

Indexation in LIC means adjusting the purchase price of your assets to highlight the effects of inflation. Capital gains are taxed accordingly.

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