LIC Mutual Fund

The LIC of India founded LIC mutual fund on April 20, 1989. For 59 years, LIC mutual fund schemes have aimed to outperform industry standards by extensively studying and analysing various Indian stocks. It routinely outperforms the competition through a combination of large-cap, mid-cap, and sector-specific traits. Through its wide network pan-India, LIC mutual fund returns provide value for the invested capital and foster investor confidence.
  • Equity
  • Hybrid
  • Elss
  • Debt
  • Commodity
  • Other
Mutual Fund Schemes
NAV
5Y Returns
AUM(in Cr.)
Compare
34.00Sep 16, 2024
32%
₹318
37.63Sep 16, 2024
29%
₹193
37.62Sep 16, 2024
29%
₹193
34.00Sep 16, 2024
28%
₹193
26.46Sep 16, 2024
22%
₹126
32.11Sep 16, 2024
21%
₹236
28.94Sep 16, 2024
20%
₹236
22.86Sep 16, 2024
20%
₹152
45.91Sep 16, 2024
19%
₹2,471
28.17Sep 16, 2024
19%
₹111
28.15Sep 16, 2024
19%
₹111
36.43Sep 16, 2024
19%
₹2,471
34.16Sep 16, 2024
19%
₹236
919.56Sep 16, 2024
18%
₹847
26.46Sep 16, 2024
18%
₹111
30.84Sep 16, 2024
18%
₹236
32.66Sep 16, 2024
18%
₹2,471
197.91Sep 16, 2024
14%
₹551
17.39Sep 16, 2024
12%
₹505
26.40Sep 16, 2024
10%
₹19
19.67Sep 16, 2024
9%
₹16
20.80Sep 16, 2024
9%
₹16
79.41Sep 16, 2024
7%
₹50
157.49Sep 16, 2024
19%
₹1,188
178.03Sep 16, 2024
18%
₹1,021
39.32Sep 16, 2024
18%
₹1,021
32.97Sep 16, 2024
17%
₹1,021
62.52Sep 16, 2024
7%
₹45
18.01Sep 16, 2024
7%
₹45
26.34Sep 16, 2024
7%
₹1,147
21.33Sep 16, 2024
7%
₹45
57.07Sep 16, 2024
7%
₹45
32.96Sep 16, 2024
7%
₹45
16.45Sep 16, 2024
7%
₹45
35.06Sep 16, 2024
6%
₹1,410
4531.94Sep 16, 2024
5%
₹12,530
6730.02Sep 16, 2024
13%
₹137
19.64Sep 16, 2024
12%
₹57
37.07Sep 16, 2024
15%
₹526

Key Information about LIC Mutual Fund

Mutual Fund NameLIC Mutual Fund
OfficeRegistered Office 4th Floor, Industrial Assurance Building, Opp. Churchgate Station, Mumbai - 400 020
Email Idservice@licnomuramf.com
Phone No.022-66016000
Fax022-22880633
Websitewww.licmf.com
Set up dateApr 20, 1994
Mutual Fund TypeInstitutions
AMC incorporation DateApr 20, 1994
CityMumbai

Fund Managers

SB

Mr. Sumit BhatnagarFund Manager - Equity

Mr. Sumit Bhatnagar has over 10 years of experience in Banking & Capital Markets. At Indiabulls Mutual Fund, Sumit played a pivotal role in setting up the AMC systems & processes and in framing business strategy, designing business plan and products for the AMC. Earlier, he worked with SEBI for five years in Investment Management Department, handing critical policy matters pertaining to mutual funds and contributed extensively in various high powered committees of SEBI.

About LIC Mutual Funds

LIC of India founded the LIC Mutual Fund on April 20, 1989, and is one of the well-known companies in the asset management industry. LIC Mutual Fund is becoming a preferred investment manager within the investor community thanks to a systematic investment discipline and a high standard of financial ethics and corporate governance. There are 27 LIC mutual fund schemes curated to accommodate the various financial needs of the clients. By offering excellent investment opportunities and unmatched customer care support.

Type of LIC Mutual Funds

There are 27 LIC mutual fund schemes offered to the client. The type of mutual funds offered by LIC is given below:

  • Equity Funds
  • Debt Funds
  • Hybrid Funds
  • ETFs and Index Funds
  • Solution Oriented Funds
  • New Offer Funds

How Can You Invest in LIC Mutual Funds?

One can invest in LIC Mutual Fund Asset Management Ltd. online using the following procedures.

  • Investment through the official portal of LIC MF
  • Investment through an authorised distributor 
  • Investment through a third-party

It must be noted that the applications for the distribution of LIC mutual fund units should only be submitted in the format specified. The names of “the respective scheme” should be written on checks or demand draughts.

Process and Documents to Invest in LIC Mutual Funds?

The documents required to be produced to enjoy the maximum LIC mutual fund returns are given below. These documents must be carried out to eliminate errors, ensure a smooth procedure, and help save time and effort.

  • Duly filled application form.
  • Proof of Address like an Aadhaar card, recent utility bills, PAN card, etc.
  • Proof of Identity like an aadhaar card, passport, PAN card, driving license etc.
  • SIP application form
  • Cheque and a declaration of parents if a minor is involved.  
  • ECS application form

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Frequently Asked Questions (FAQs)

Which is the best LIC Mutual Fund?

The LIC MF infrastructure fund is among the best, with NAV INR 23.8342.

Is there any mutual fund of LIC?

LIC offers its clients 27 schemes of mutual funds to meet their financial requirements.

What is better, SIP or LIC?

The comparison of SIP or LIC is difficult. The one that suits you is the one you should opt for.

Is SIP available in LIC?

Yes, SIP is available in LIC.

Is LIC Mutual Fund taxable?

If you avail of the LIC MF savings fund, you will be eligible to enjoy tax benefits under Section 80b C of the Income Tax Act.

Which monthly SIP is best?

Quant Active Fund is the best monthly SIP with a return of 30.0% p.a..

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