The below table shows a list Of the Best LIC Mutual Funds based on AUM, NAV and minimum SIP.
| Name | AUM (Cr) | NAV (Rs) | Minimum SIP (Rs) |
| LIC MF Liquid Fund | 10,588.63 | 4,546.25 | 1,000 |
| LIC MF Large & Midcap Fund | 3,220.66 | 46.31 | 1,000 |
| LIC MF Large Cap Fund | 1,576.30 | 65.90 | 1,000 |
| LIC MF Banking & PSU Fund | 1,540.53 | 35.25 | 1,000 |
| LIC MF Low Duration Fund | 1,535.72 | 40.43 | 1,000 |
| LIC MF Multi Cap Fund | 1,369.60 | 18.3 | 1,000 |
| LIC MF ELSS Tax Saver | 1,188.20 | 180.8 | 1,000 |
| LIC MF Flexi Cap Fund | 1,112.45 | 117.04 | 1,000 |
| LIC MF Balanced Advantage Fund | 872.09 | 14.11 | 1,000 |
| LIC MF Infra Fund | 725.1 | 58.97 | 1,000 |
Content:
- Introduction To LIC Mutual Fund
- What is LIC Mutual Fund?
- LIC Mutual Fund AMC Details
- LIC Mutual Fund History
- LIC Mutual Fund Managers
- LIC Mutual Fund Portfolio
- Types of Mutual Funds Offered in LIC Mutual Fund
- Best LIC Mutual Fund Based On Expense Ratio
- Top Performing LIC Mutual Fund To Invest In Based On 3Y CAGR
- LIC Mutual Fund List Based On Exit Load
- LIC Mutual Fund Returns
- Factors To Consider When Investing In LIC Mutual Fund
- Features Of The LIC Mutual Fund
- Benefits Of LIC Mutual Fund
- Risks Of Investing In Top performing LIC Mutual Fund
- How To Invest In LIC Mutual Fund?
- Documents Required To Invest in LIC Mutual Fund
- LIC Mutual Fund NAV
- Taxation On LIC Mutual Fund
- Future of LIC Mutual Fund
- Top 10 LIC Mutual Funds to Invest In India
- FAQs – LIC Mutual Fund
Introduction To LIC Mutual Fund
LIC MF Liquid Fund
LIC MF Liquid Fund Direct-Growth is a Liquid mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF Liquid Fund Direct-Growth as a liquid fund, manages assets valued at ₹10,588.63 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 5.36%. This fund has an exit load of 0.01% and an expense ratio of 0.16%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises No Equity, Debt 112.06% and Other -12.08%.
LIC MF Large & Midcap Fund
LIC MF Large & Mid Cap Fund Direct-Growth is a Large & MidCap mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 9 years and 8 months, having been launched on 02/02/2015.
LIC MF Large & Mid Cap Fund Direct-Growth as a large and midcap fund, manages assets valued at ₹3,220.66 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 23.53%. This fund has an exit load of 1% and an expense ratio of 0.59%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 98.62%, No Debt and Other 1.4%.
LIC MF Large Cap Fund
LIC MF Large Cap Fund Direct-Growth is a Large Cap mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF Large Cap Fund Direct-Growth as a large cap fund, manages assets valued at ₹1,576.30 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 17.57%. This fund has an exit load of 1% and an expense ratio of 0.99%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 98.53%, No Debt and Other 1.48%.
LIC MF Banking & PSU Fund
LIC MF Banking & PSU Fund Direct-Growth is a Banking and PSU mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF Banking & PSU Fund Direct-Growth as a banking and PSU fund, manages assets valued at ₹1,535.72 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 6.33%. This fund has no exit load and an expense ratio of 0.28%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises No Equity, Debt 98.34% and Other 1.65%.
LIC MF Low Duration Fund
LIC MF Low Duration Fund Direct-Growth is a Low Duration mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF Low Duration Fund Direct-Growth as a low duration fund, manages assets valued at ₹1,369.60 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 6.26%. This fund has no exit load and an expense ratio of 0.27%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises No Equity, Debt 105.07% and Other -5.06%.
LIC MF Multi Cap Fund
LIC MF Multi Cap Fund Direct-Growth is a Multi Cap mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 2 years, having been launched on 06/10/2022.
LIC MF Multi Cap Fund Direct – Growth as a multi-cap fund, manages assets valued at ₹1,188.20 crore. This fund has an exit load of 1% and an expense ratio of 0.41%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 98.85%, No Debt and Other 1.14%.
LIC MF ELSS Tax Saver
LIC MF ELSS Tax Saver Direct-Growth is an ELSS mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF ELSS Tax Saver Direct-Growth as an ELSS tax fund, manages assets valued at ₹1,112.45 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 19.67%. This fund has no exit load and an expense ratio of 0.96%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 98.87%, No Debt and Other 1.13%.
LIC MF Flexi Cap Fund
LIC MF Flexi Cap Fund Direct-Growth is a Flexi Cap mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF Flexi Cap Fund Direct-Growth as a flexi cap fund, manages assets valued at ₹872.09 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 18.5%. This fund has an exit load of 1% and an expense ratio of 0.39%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 97.69%, No Debt and Other 2.31%.
LIC MF Balanced Advantage Fund
LIC MF Balanced Advantage Fund Direct-Growth is a Dynamic Asset Allocation mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 2 years and 11 months, having been launched on 20/10/2021.
LIC MF Balanced Advantage Fund Direct-Growth as a balanced advantage fund, manages assets valued at ₹725.1 crore. This fund has an exit load of 1% and an expense ratio of 0.56%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 46.98%, Debt 24.44% and Other 28.58%.
LIC MF Infra Fund
LIC MF Infrastructure Fund Direct-Growth is a Sectoral-Infrastructure mutual fund scheme from LIC Mutual Fund. This fund has been in existence for 11 years and 9 months, having been launched on 01/01/2013.
LIC MF Infrastructure Fund Direct-Growth as an infra fund, manages assets valued at ₹ crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 31.35%. This fund has an exit load of 1% and an expense ratio of 1.38%. According to SEBI, it falls under the Very High-risk category. The fund’s asset allocation comprises Equity 97.46%, No Debt and Other 2.56%.
What is LIC Mutual Fund?
LIC Mutual Fund is an investment vehicle that pools money from various investors to create a diversified portfolio of securities, including equities, debt instruments and other assets. It aims to generate returns for investors based on their financial goals.
Investors can choose from various mutual fund schemes offered by the fund, each designed to cater to different risk appetites and investment horizons. These schemes can range from equity funds to debt funds, allowing investors to align their investments with their financial objectives.
Investing in mutual funds provides several advantages, including professional management, diversification and liquidity. Investors can benefit from the expertise of fund managers, who make informed decisions on behalf of the investors, helping them achieve potential long-term growth.
LIC Mutual Fund AMC Details
LIC Mutual Fund Asset Management Company (AMC) is a prominent player in the Indian mutual fund industry, backed by the Life Insurance Corporation of India (LIC). Established in 1989, it offers a range of mutual fund schemes catering to diverse investment needs.
The company focuses on equity, debt, hybrid and solution-oriented funds. It aims to provide investors with long-term wealth creation and income generation opportunities. LIC Mutual Fund leverages LIC’s extensive experience and trust to build a strong portfolio of financial products.
With a commitment to transparency and customer service, LIC Mutual Fund emphasizes investor education and awareness. The AMC continually strives to enhance its offerings and adapt to market changes, ensuring a reliable investment experience for its clients.
LIC Mutual Fund History
LIC Mutual Fund was established in 1989 as a subsidiary of the Life Insurance Corporation of India (LIC). Its inception marked the entry of LIC into the asset management sector, leveraging its strong brand reputation and extensive market reach.
In the early years, LIC Mutual Fund focused on offering various equity and debt schemes, catering to different investor profiles. The company gained significant traction in the market, establishing a loyal customer base through its robust investment strategies and reliable performance.
Over the years, LIC Mutual Fund has evolved its product offerings, introducing hybrid funds, index funds and systematic investment plans (SIPs). With a commitment to investor education and transparency, it has become a trusted name in India’s mutual fund industry, adapting to changing market dynamics.
LIC Mutual Fund Managers
LIC Mutual Fund is managed by a skilled team of professionals committed to delivering optimal investment solutions. The Board of Directors plays a crucial role in overseeing the operations and ensuring adherence to best practices in fund management.
The board includes various independent directors, enhancing the governance framework. Notable members include Mr. Siddhartha Mohanty, the Managing Director and Chief Executive Officer and several independent directors who bring diverse expertise to the management team. Their collective experience contributes to informed decision-making and strategic planning.
Additionally, the Asset Management Company (AMC) benefits from the guidance of experienced fund managers. These professionals focus on effective asset allocation and risk management, ensuring that investors’ interests are prioritized. Through this robust management structure, LIC Mutual Fund aims to achieve long-term wealth creation for its clients while maintaining high standards of transparency and accountability.
LIC Mutual Fund Portfolio
LIC Mutual Fund offers a diverse portfolio of investment schemes tailored to meet various financial goals. The fund range includes equity, debt, hybrid and solution-oriented products, enabling investors to choose based on their risk appetite and investment horizon.
The equity funds primarily focus on long-term capital appreciation, investing in large-cap, mid-cap and small-cap stocks. By employing a disciplined investment approach, LIC Mutual Fund aims to capitalize on market opportunities while managing risks, thereby striving to deliver consistent returns to investors.
In addition to equity, LIC Mutual Fund’s debt schemes provide stability and income generation through investments in fixed-income securities. The balanced allocation across different asset classes ensures a well-rounded portfolio, catering to both conservative and aggressive investors while adhering to the principles of risk management and capital preservation.
Types of Mutual Funds Offered in LIC Mutual Fund
LIC Mutual Fund offers a variety of mutual fund schemes to cater to diverse investor needs and risk profiles. Here are the main types of mutual funds available:
- Equity Funds: These funds invest primarily in stocks and aim for long-term capital appreciation. They are further categorized into large-cap, mid-cap and small-cap funds, allowing investors to choose based on their risk appetite and investment strategy.
- Debt Funds: Designed for conservative investors, debt funds primarily invest in fixed-income securities such as government bonds, corporate bonds and treasury bills. They offer regular income and lower risk compared to equity funds.
- Hybrid Funds: These funds invest in a mix of equity and debt instruments, balancing the potential for capital growth with income generation. Hybrid funds are suitable for investors seeking a diversified investment approach.
- Solution-Oriented Funds: Targeted at specific financial goals, these funds include retirement and children’s plans. They encourage disciplined investing over a defined period and aim to provide growth aligned with long-term objectives.
- Index Funds: These funds aim to replicate the performance of a specific market index, such as the Nifty 50 or Sensex. They offer a passive investment strategy, allowing investors to gain exposure to a broad market segment.
- Exchange-Traded Funds (ETFs): Similar to index funds, ETFs are traded on stock exchanges and provide exposure to a specific index or commodity. They offer liquidity and flexibility, making them appealing to active traders and investors.
Best LIC Mutual Fund Based On Expense Ratio
The table below shows the LIC Mutual Funds Based on the highest to lowest expense ratio.
| Name | Expense Ratio (%) | Minimum SIP (Rs) |
| LIC MF Children’s Fund | 1.71 | 1,000 |
| LIC MF Value Fund | 1.6 | 1,000 |
| LIC MF Midcap Fund | 1.57 | 1,000 |
| LIC MF Focused Fund | 1.56 | 1,000 |
| LIC MF Small Cap Fund | 1.53 | 1,000 |
| LIC MF Dividend Yield Fund | 1.45 | 1,000 |
| LIC MF Flexi Cap Fund | 1.39 | 1,000 |
| LIC MF Infra Fund | 1.38 | 1,000 |
| LIC MF Aggressive Hybrid Fund | 1.38 | 1,000 |
| LIC MF Conservative Hybrid Fund | 1.22 | 1,000 |
Top Performing LIC Mutual Fund To Invest In Based On 3Y CAGR
The table below shows the Top performing LIC Mutual Funds Based on the Highest 3Y CAGR.
| Name | CAGR 3Y (Cr) | Minimum SIP (Rs) |
| LIC MF Infra Fund | 36.15 | 1,000 |
| LIC MF Small Cap Fund | 28.62 | 1,000 |
| LIC MF Dividend Yield Fund | 25.9 | 1,000 |
| LIC MF Nifty Next 50 Index Fund | 22.56 | 1,000 |
| LIC MF Midcap Fund | 22.26 | 1,000 |
| LIC MF Large & Midcap Fund | 20.79 | 1,000 |
| LIC MF Value Fund | 20.35 | 1,000 |
| LIC MF ELSS Tax Saver | 18.19 | 1,000 |
| LIC MF Flexi Cap Fund | 18.13 | 1,000 |
| LIC MF Gold ETF FoF | 16.91 | 1,000 |
LIC Mutual Fund List Based On Exit Load
The table below shows the Best LIC Mutual funds Based on Exit Load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.
| Name | AMC | Exit Load (%) |
| LIC MF Infra Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Dividend Yield Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Small Cap Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Midcap Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Healthcare Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Multi Cap Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Large & Midcap Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Value Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Flexi Cap Fund | LIC Mutual Fund Asset Management Limited | 1 |
| LIC MF Large Cap Fund | LIC Mutual Fund Asset Management Limited | 1 |
LIC Mutual Fund Returns
The table below shows the best LIC Mutual Fund Returns Based on 1Y return
| Name | Absolute Returns – 1Y (%) | Minimum SIP (Rs) |
| LIC MF Infra Fund | 75.79 | 1,000 |
| LIC MF Nifty Next 50 Index Fund | 71.53 | 1,000 |
| LIC MF Dividend Yield Fund | 64.04 | 1,000 |
| LIC MF Small Cap Fund | 57.2 | 1,000 |
| LIC MF Midcap Fund | 56.13 | 1,000 |
| LIC MF Healthcare Fund | 55.73 | 1,000 |
| LIC MF Multi Cap Fund | 54.44 | 1,000 |
| LIC MF Large & Midcap Fund | 51.37 | 1,000 |
| LIC MF Value Fund | 47.2 | 1,000 |
| LIC MF ELSS Tax Saver | 41.93 | 1,000 |
Factors To Consider When Investing In LIC Mutual Fund
The main factors to consider when investing in LIC Mutual Fund include investment goals, risk tolerance, fund performance and expense ratios. Evaluating these factors can help investors make informed decisions that align with their financial objectives and preferences.
- Investment Goals: Clearly define your financial objectives, such as wealth creation, income generation, or capital preservation. Understanding your goals will help you choose the right mutual fund scheme that aligns with your desired outcomes and investment horizon.
- Risk Tolerance: Assess your risk tolerance by considering your financial situation, investment knowledge and time horizon. Different funds carry varying levels of risk, so selecting a scheme that matches your comfort level is crucial for long-term investment success.
- Fund Performance: Review the historical performance of the fund over different market cycles. While past performance doesn’t guarantee future results, consistent returns compared to benchmarks can indicate effective management and sound investment strategies.
- Expense Ratios: Consider the expense ratio, which represents the annual fees charged by the fund. Lower expense ratios can significantly impact your overall returns over time. Compare the costs of different funds to ensure you’re getting value for your investment.
Features Of The LIC Mutual Fund
The main features of LIC Mutual Fund include a diverse range of investment options, professional fund management, strong backing from LIC and a focus on investor education. These features make it a reliable choice for both novice and experienced investors.
- Diverse Investment Options: LIC Mutual Fund offers various schemes, including equity, debt, hybrid and solution-oriented funds. This diversity allows investors to tailor their portfolios according to their financial goals and risk tolerance, enhancing overall investment flexibility.
- Professional Fund Management: The funds are managed by a team of experienced professionals who employ rigorous research and analysis. This expertise helps in making informed investment decisions, aiming to achieve consistent returns and optimal portfolio performance over time.
- Strong Backing from LIC: Being a subsidiary of the Life Insurance Corporation of India, LIC Mutual Fund benefits from the trust and reliability associated with LIC. This strong backing instils confidence in investors regarding the safety and credibility of their investments.
- Focus on Investor Education: LIC Mutual Fund emphasizes educating investors about various financial products and market dynamics. By providing resources and guidance, the company aims to empower investors to make informed decisions, ultimately enhancing their overall investment experience.
Benefits Of LIC Mutual Fund
The main benefits of LIC Mutual Fund include the potential for high returns, professional management, systematic investment options and tax benefits. These advantages make it an attractive choice for both novice and seasoned investors seeking to grow their wealth effectively.
- Potential for High Returns: LIC Mutual Fund offers various equity and hybrid schemes that can provide significant capital appreciation over the long term. Investing in these funds allows investors to benefit from market growth while balancing risk through diversification.
- Professional Management: The funds are managed by a team of experienced professionals who conduct in-depth research and analysis. Their expertise helps optimize portfolio performance and ensures that investment decisions align with market trends and economic conditions.
- Systematic Investment Options: LIC Mutual Fund provides systematic investment plans (SIPs) that allow investors to contribute smaller amounts regularly. This disciplined approach helps in rupee cost averaging and reduces the impact of market volatility, making investing more manageable.
- Tax Benefits: Certain LIC Mutual Fund schemes, such as Equity Linked Savings Schemes (ELSS), offer tax deductions under Section 80C of the Income Tax Act. This tax advantage enhances overall returns, making it a favourable option for tax-conscious investors.
Risks Of Investing In Top performing LIC Mutual Fund
The main risks of LIC Mutual Fund include market risk, credit risk, liquidity risk and management risk. Understanding these risks is essential for investors to make informed decisions and align their investments with their financial goals and risk tolerance.
- Market Risk: LIC Mutual Fund investments, especially in equity schemes, are subject to market fluctuations. Changes in economic conditions, interest rates and investor sentiment can impact fund performance. Investors should be prepared for potential volatility in returns.
- Credit Risk: Debt funds within LIC Mutual Fund may face credit risk, which arises from the possibility of default by issuers of fixed-income securities. A decline in the creditworthiness of these entities can lead to losses for the fund, affecting overall returns.
- Liquidity Risk: Although LIC Mutual Fund offers daily liquidity for most schemes, certain funds, especially those with long lock-in periods or specialized investments, may pose liquidity risks. Investors might find it challenging to redeem their investments quickly during market downturns.
- Management Risk: The performance of LIC Mutual Fund largely depends on the fund management team’s decisions. Poor investment choices or changes in the management team can negatively impact returns. Investors should assess the experience and track record of the management before investing.
How To Invest In LIC Mutual Fund?
Investing in LIC Mutual Fund can be done through various channels, including direct investment via the LIC Mutual Fund website or through a financial advisor. Investors can also use online brokerage platforms like Alice Blue for a seamless investment experience, offering easy access to various schemes.
To invest through Alice Blue, create an account and complete the KYC process. Once registered, you can explore LIC Mutual Fund schemes, compare options and make investments. The platform provides tools for tracking investments, enabling informed decision-making and convenient management of your mutual fund portfolio.
Documents Required To Invest in LIC Mutual Fund
To invest in LIC Mutual Fund, you need to provide certain documents to complete the Know Your Customer (KYC) process. Essential documents include a government-issued photo ID (such as an Aadhar card or passport), a recent passport-sized photograph and proof of address.
Additionally, you may need to submit your PAN card as it is mandatory for tax identification. If you are investing through a financial advisor or a brokerage platform, ensure you have the necessary forms filled out. This documentation process helps ensure compliance with regulatory requirements while safeguarding your investments.
LIC Mutual Fund NAV
Net Asset Value (NAV) in LIC Mutual Fund represents the per-unit value of a mutual fund scheme. It is calculated by dividing the total assets minus liabilities by the number of outstanding units. NAV fluctuates daily based on the fund’s performance and market conditions.
Investors can track the NAV of LIC Mutual Fund schemes to assess the fund’s value and performance over time. A higher NAV doesn’t necessarily indicate better returns, as it simply reflects the fund’s market value at a particular time. Regular updates are available on the LIC Mutual Fund website.
Taxation On LIC Mutual Fund
Taxation on LIC Mutual Fund investments depends on the type of fund and holding period. For equity funds, short-term capital gains (held less than 1 year) are taxed at 15%, while long-term capital gains (above 1 year) exceeding ₹1 lakh are taxed at 10%.
Debt funds have different tax rates. Short-term capital gains (held for less than 3 years) are taxed as per the investor’s income tax slab, while long-term capital gains (held for over 3 years) are taxed at 20% with indexation benefits, reducing tax liabilities.
Future of LIC Mutual Fund
The future of LIC Mutual Fund looks promising, with its strong backing by LIC and a growing investor base. With increasing awareness about mutual funds in India, LIC Mutual Fund is likely to benefit from expanding market participation and demand for diverse investment options.
Additionally, the fund house is expected to introduce innovative schemes and digital solutions to enhance investor experience. As the financial markets evolve, LIC Mutual Fund’s focus on investor education, professional management and product diversification will continue to support its growth and market position.
Top 10 LIC Mutual Funds to Invest In India
The table below shows the top 10 LIC Mutual Funds to invest in India based on 5Y return.
| Name | CAGR 5Y (Cr) | Minimum SIP (Rs) |
| LIC MF Small Cap Fund | 32.26 | 1,000 |
| LIC MF Infra Fund | 31.35 | 1,000 |
| LIC MF Dividend Yield Fund | 27.3 | 1,000 |
| LIC MF Midcap Fund | 26.83 | 1,000 |
| LIC MF Healthcare Fund | 26.6 | 1,000 |
| LIC MF Large & Midcap Fund | 23.53 | 1,000 |
| LIC MF Nifty Next 50 Index Fund | 23.41 | 1,000 |
| LIC MF Value Fund | 22.69 | 1,000 |
| LIC MF ELSS Tax Saver | 19.67 | 1,000 |
| LIC MF Focused Fund | 19.57 | 1,000 |
FAQs – LIC Mutual Fund
LIC Mutual Fund is a financial institution offering a variety of mutual fund schemes across equity, debt and hybrid categories. It is backed by the Life Insurance Corporation of India (LIC), providing investment solutions to help individuals grow their wealth efficiently.
LIC Mutual Fund offers a total of 39 months of mutual fund schemes, including equity, debt, hybrid and exchange-traded funds (ETFs). These diverse options help investors meet their financial goals while balancing risk and potential returns through varied investment strategies.
Top performing funds of LIC Mutual Fund #1: LIC MF Liquid Fund
Top performing funds of LIC Mutual Fund #2: LIC MF Large & Midcap Fund
Top performing funds of LIC Mutual Fund #3: LIC MF Large Cap Fund
Top performing funds of LIC Mutual Fund #4: LIC MF Banking & PSU Fund
Top performing funds of LIC Mutual Fund #5: LIC MF Low Duration Fund
These funds are listed based on the Highest AUM
The minimum investment amount required for LIC Mutual Fund varies by scheme. Generally, the minimum for systematic investment plans (SIPs) starts at ₹1000, while the initial lump sum investment typically begins at ₹1,000. Specific schemes may have different minimum requirements.
SIP returns for LIC Mutual Fund vary based on the specific scheme and market performance. Historically, equity-oriented SIPs can offer annualized returns ranging from 10% to 15% or more over the long term, while debt funds typically provide lower returns.
To start a LIC Mutual Funds SIP online, visit the LIC Mutual Fund website or a brokerage platform like Alice Blue. Create an account, complete the KYC process, select your desired scheme, specify the SIP amount and frequency and submit your application.
To increase your SIP amount in LIC Mutual Fund, log in to your account on the LIC Mutual Fund website or your brokerage platform. Navigate to the SIP section, select the existing SIP, choose the “Increase SIP” option and enter the new amount.
To redeem LIC Mutual Fund units, log in to your account on the LIC Mutual Fund website or your brokerage platform. Navigate to the “Redemption” section, select the scheme you wish to redeem, specify the amount and submit your request.
LIC Mutual Fund schemes are not entirely tax-free. Equity schemes have long-term capital gains tax on profits exceeding ₹1 lakh, while debt schemes are taxed based on the investor’s income slab for short-term gains and at 20% for long-term gains with indexation.
Investing in LIC Mutual Funds can be beneficial if aligned with your financial goals and risk tolerance. They offer diverse options, professional management and growth potential. However, it’s essential to assess the specific schemes and market conditions before investing.
Investments in LIC Mutual Fund are relatively safe, backed by LIC’s credibility and regulatory oversight. However, mutual funds inherently carry market risks, especially equity schemes. It’s crucial to understand the specific fund’s risk profile and align it with your investment objectives.
Yes, NRIs can invest in LIC Mutual Fund schemes. They need to comply with the Foreign Exchange Management Act (FEMA) regulations and complete the necessary KYC requirements. Investments can be made through NRE or NRO accounts, allowing for the repatriation of funds.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
