LIC Mutual Fund

Check list of all schemes, latest NAV, Returns and other important information

About LIC Mutual Fund

The LIC Mutual Fund Asset Management Company (AMC) started in April 1994, has been well-regarded for over 30 years. It is consistently earning above-average returns and building a strong connection with investors.  LIC MF is the world's largest life insurer, having insured over 250 million people.

 It manages more than 39 mutual fund schemes, with 19 in equity, 11 in debt, and 7 in hybrid categories. Among its peers, LIC Mutual Fund holds the 23rd position, highlighting its presence and performance in the mutual fund industry. LIC Multi Cap Fund, the flagship scheme, has exhibited an impressive average annualized return of 24.19% since its inception.

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LIC Mutual Fund List

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Investment Strategy

The company prioritizes customer and partner satisfaction, aiming to deliver a superior investment experience. Upholding a systematic investment discipline and maintaining high standards of financial ethics and corporate governance, LIC Mutual Fund strives to ensure the trust and satisfaction of its stakeholders.


Head of Equity and Debt

Mr. Yogesh Patil (CIO: Equity)

Mr. Patil, with an MBA in Finance, has garnered valuable experience in the financial sector. His professional journey includes notable contributions at Canara Robeco Mutual Fund, Sahara Mutual Fund, and Religare Enterprise Limited. Commendations are due for his dedication and expertise in the field. His strategies have generated high profits for Life Insurance Corporation.


Mr. Marzban Irani (CIO: Debt)

Mr Marzban Irani is a B. Com (H) graduate from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai. Before joining LIC Mutual Fund, he held various roles in reputable financial institutions, including DSP Investment Managers as VP Fixed Income (Jun 2014-Jul 2016), Tata Asset Management as Senior Fund Manager Fixed Income (Jun 2011-May 2014), PNB MetLife India Insurance as Fund Manager Fixed Income (Sep 2010-May 2011), Mirae Asset Global Investment Management India Pvt. Ltd.


Key Fund Management Team

List of Fund Manager LIC Mutual Fund


Top 5 LIC Mutual Funds 

Top 5 LIC Mutual Funds


History of LIC Mutual Funds

The LIC Mutual Fund was established by the Life Insurance Corporation of India on June 19, 1989, and it was set up as a Company under the Indian Trust Act, of 1882. On April 20, 1994, LIC Mutual Fund Asset Management Limited. was established under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1993. The company opened for business on April 29, 1994.


How to Select the Best LIC Mutual Fund?

Starting your investment journey is like taking the first step into a new adventure. To make this step count, here are some things you should think about:

So, before jumping in, these tips will help you choose the right Mutual Fund. You can also use the SIP Calculator to check the annual returns of your investment.

How to Invest in LIC Fund Schemes via MySIPonline?  

Here's a simple step-by-step guide to investing in LIC AMC through mysiponline:

In a nutshell, our platform provides an Online SIP to give a simple and quick approach to getting your investments started now. Consider it an all-in-one bundle where we supply everything you require in one location.


What is the Taxation on LIC Mutual Fund?  

The taxation of LIC mutual funds depends on which category they fall under equity or debt.

Equity-Oriented Mutual Funds

Debt-Oriented Mutual Funds

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Frequently Asked Questions

Can I invest for a very short-term duration in LIC Mutual Fund?

Yes, when you invest in liquid funds, you can utilise the advantage to get comparatively higher returns than bank savings deposit and redeem any time as the emergency arrives. LIC Liquid Regular Plan is available at MySIPonline to fulfil your very short-term investment needs or plan for emergency requirements.

What are the different LIC mutual funds available?

Determined to serve investors with the best investment solutions, this AMC provides a range of investment products to match with their investment objective. Based on your risk-appetite and other prominent factors, you can choose different schemes provided under equity, debt, and hybrid category funds. The segregation under the category to subcategory to schemes makes investors confident to get what they are searching for.

What is the advantage of investing in amc Funds?

The AMC ensures safety, transparency, low cost, and higher return potential. By investing in any scheme offered by the fund house over a time horizon as mentioned in the investment objective, the investors will surely get adequate returns by investing. So, it depends on your investment decision as well to choose the scheme wisely.

Are all SIPs in LIC Funds online tax-free?

No, all SIPs in LIC MF are not tax-free. To get tax-saving benefits, you have to choose the ELSS scheme. Taxation in funds of this AMC is done as per the rules set by the Government.
Is there anything like minimum lock-in period for mutual fund investment units?
Apart from the ELSS scheme, i.e., LIC Tax Saver Fund, which is for investors to get tax saving benefits and capital appreciation, there is no scheme with a lock-in period. The ELSS scheme has a lock-in of 3-years as mentioned in SEBI mandates.

How to analyse the performance of LIC Mutual Fund?

To analyze the performance of any scheme provided by this AMC, you are required to check the returns of the particular scheme at MySIPonline at all durations. You can also check the performance of the SIPs by simply putting in the value in the relevant bracket and get the graph.

Why do I need a financial adviser?

It is not necessary that you should take the help of a financial adviser if you understand the important parameters of investing. But, for new investors, it is important to take consultation from the experts as they will help in sorting out the relevant schemes. Further, if you are confused among schemes or unable to review your portfolio, you are in a need of adviser.

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