LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund, a well-established and trusted player in the asset management industry, is a subsidiary of the Life Insurance Corporation of India (LIC). Founded in April 1989, it has consistently held an above-average CRISIL rating and maintained strong investor loyalty over the past three decades. Managing assets worth ₹30,170.82 crores, LIC Mutual Fund offers a diverse range of 26 schemes tailored to suit investors with varying risk preferences. The fund invests 90.06% of its portfolio in the Indian stock market, with 87.62% allocated to large-cap stocks and 2.43% to mid-cap stocks. In the last three fiscal years, LIC AMC has achieved a Compound Annual Growth Rate (CAGR) of 14.56%, positioning it as a popular choice for investors seeking large and mid-cap mutual funds. Additionally, LIC Mutual Fund provides tax-saving options through its ELSS-based Tax Plans, offering further benefits to investors.

List of LIC Mutual Fund Asset Management Limited in India

Fund Name

Rating

1Y Return

3Y Return

Fund Size (in Cr)

LIC MF Infrastructure Fund Direct Plan Growth Option

4

47.86%

32.53%

₹927.50 Cr

LIC MF Small Cap Fund Direct Growth

3

39.50%

24.86%

₹411.35 Cr

LIC MF Dividend Yield Fund Direct Growth

NA

31.75%

20.72%

₹463.64 Cr

LIC MF Midcap Fund Direct Growth

2

29.84%

19.23%

₹319.49 Cr

LIC MF Value Fund Direct Growth

3

30.59%

18.95%

₹142.70 Cr

LIC MF Healthcare Fund Direct Growth

NA

41.00%

18.94%

₹84.15 Cr

LIC MF Large & Mid Cap Direct Growth

3

29.08%

17.46%

₹3141.81 Cr

LIC MF Gold ETF FOF Direct Growth

NA

22.18%

16.57%

₹69.99 Cr

LIC MF Nifty Next 50 Index Fund Direct Growth

NA

23.54%

16.54%

₹96.87 Cr

LIC MF ELSS Tax Saver -Direct Plan Growth Option

3

25.99%

16.03%

₹1149.78 Cr

LIC MF Flexi Cap Fund Direct Plan Growth Option

2

19.42%

14.46%

₹1062.01 Cr

LIC MF Childrens Fund Direct Plan

NA

21.06%

13.27%

₹16.81 Cr

LIC MF Banking & Financial Services Fund Direct Growth

3

0.23%

12.41%

₹256.08 Cr

LIC MF Balanced Advantage Fund Direct Growth

3

14.31%

11.71%

₹792.35 Cr

LIC MF Aggressive Hybrid Fund Direct Plan Growth Option

2

17.45%

11.48%

₹535.89 Cr

LIC MF Nifty 50 Index Fund Direct Plan Growth Option

NA

10.14%

10.97%

₹314.67 Cr

LIC MF Focused Fund Direct Growth

2

13.73%

10.70%

₹143.09 Cr

LIC MF BSE Sensex Index Direct Plan Growth option

NA

9.41%

10.35%

₹82.49 Cr

LIC MF Large Cap Fund Direct Plan Growth

3

16.59%

10.09%

₹1448.12 Cr

LIC MF Equity Savings Growth Option Direct

3

9.86%

8.57%

₹20.18 Cr

Key information about lic mutual funds

Mutual fund name

LIC Mutual Fund

Asset Management Company Name

LIC Mutual Fund Asset Management Limited

AMC Setup Date

20 April 1994

AMC Incorporation Date

20 April 1994

Sponsor Name

Life Insurance Corporation of India

Trustee Organisation

LIC Mutual Fund Trustee Private Limited

MD & CEO

Mr. Raj Kumar

CIO

Mr. Marzban Irani

Compliance Officer

Mr. Mayank Arora

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How can you invest in lic mutual funds Mutual Funds

To invest in lic mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:


Step 1 : Download the Lemonn App

If you haven't already, download the Lemonn App from the Google Play Store or Apple App Store.


Step 2 : Sign up / Log in

Sign up by providing your phone number and completing the basic registration process.

If you already have an account, simply log in.


Step 3 : Complete KYC

Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.


Step 4 : Search for lic mutual funds Mutual Funds

Once your KYC is done, search for the lic mutual funds Mutual Fund schemes you're interested in by using the search bar.


Step 5 : Choose a Scheme

You will see a list of various funds under lic mutual funds. Explore the options, check their performance, risk profile, and investment objectives.

Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).


Step 6 : Decide on the Investment Amount

You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.


Step 7 : Confirm the Investment

Enter the amount you wish to invest.

Review the details and confirm the payment method (Net Banking, UPI, etc.).

After making the payment, you will receive a confirmation of your investment.


Step 8 : Track Your Investment

You can track the performance of your lic mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.


If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!

Top Fund Managers

Mr. Sachin Relekar
Mr. Sachin Relekar is the Fund Manager of LIC MF Tax Plan, an equity-based saving scheme offering tax benefits. He has more than 17 years of experience in equity research and business development. An alumnus of Jamnalal Bajaj Institute of Management Studies, Mr. Relekar joined LIC Mutual Fund in 2012. Prior to that, he worked with Tata Asset Management Limited from 2007. He began his career in 2003 at Tech Pacific India Pvt. Limited, focusing on business development of IT products.

Mr. Marzban Irani
Mr. Marzban Irani has over 19 years of experience as a Fund Manager, having worked at several Tier-I financial institutions across India. Currently, he manages the debt portfolio as the Fund Manager at LIC Mutual Fund. Mr. Irani holds a Post Graduate Diploma in Business Management. His career began at Tata Asset Management Ltd., where he worked from 2000 to 2007. He then joined Mirae Asset Management Ltd. in 2008, continuing in the same role. Before joining LIC Mutual Fund, Mr. Irani worked with MetLife Insurance as Chief Manager until 2011.

Mr. Rahul Singh
Mr. Rahul Singh is an alumnus of IIM Lucknow and brings 23 years of experience to his current role. He has held prominent positions, including Chief Investment Officer of Equities at Tata Asset Management and Managing Partner at Ampersand Capital. Additionally, he has worked with Standard Chartered Securities and Citigroup Global Markets India as a business development lead and asset manager. Mr. Singh currently oversees LIC Mutual Fund's Liquid Fund scheme and manages an impressive portfolio of Rs. 8801.21 Crore, which includes G-Sec Long Term ETF and Series 1, 2, and 3 CPOF.

Yogesh Patil
Mr. Yogesh Patil is the Fund Manager for several LIC Mutual Fund schemes, including the LIC MF Multicap Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex, LIC MF Index Nifty, LIC MF Equity Hybrid Fund, LIC MF Debt Hybrid Fund, and LIC MF Children’s Gift Fund, a position he has held since October 2018. He is a well-recognized name in capital markets, with over 16 years of experience in the Indian equity market. Mr. Patil completed his Master of Business Administration from Symbiosis Institute of Business Management in 2001. He began his career as an equity research analyst at Sahara Mutual Funds in 2006 and later moved to Canara Robeco Asset Management Company Limited in 2009 as an Analyst.

Saravana Kumar Ananthan
Mr. Saravana Kumar Ananthan is the Chief Investment Officer at LIC Mutual Funds, where he oversees a diverse portfolio that includes LIC MF Equity, LIC MF Balanced, LIC MF MIP, LIC MF Children’s Gift Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex, and LIC MF Index Nifty. With over 25 years of experience in investment management, Mr. Saravana Kumar brings a wealth of expertise to his role. He holds an MBA in Finance from the Indian Institute of Management (IIM) and has completed CAIIB from the Indian Institute of Bankers. His career spans leading companies such as Trust Investment Advisors Pvt Ltd., Tata AIA Life Insurance, ICICI Bank, SBI Mutual Funds, and UTI Mutual Funds. In 2007, he completed a Management Development Programme on Financial Markets at Merrill Lynch, New York. He has also served as a guest faculty member at the Institute of Financial Management Research.

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FAQs

1.Should I invest in an LIC Mutual fund scheme?

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Whether you should invest in LIC Mutual Funds or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

2.How to Start LIC Mutual Fund SIP online?

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There are two ways to start LIC Mutual Fund SIP. For a hassle-free investing experience, you can invest in LIC Mutual Fund SIP online through the Lemonn app. Alternatively, you can start investing in LIC Mutual Fund SIP online through LIC Mutual Fund AMC official website.

3.How to redeem LIC Mutual funds Online?

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There are two ways of doing this. You can initiate your redemption request by Lemonn app. Alternatively, you can also redeem your investments by visiting the LIC Mutual Fund AMC website.

4.How much time does it take to redeem the LIC Mutual funds?

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The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

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