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

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

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.

• LIC adopts a different investing approach that sets it apart from other traditional investments.
• This AMC has a wide range of varieties of fund schemes.
• It believes in following strong work ethics.
• LIC Schemes are top-performing in their respective categories.

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:

• Set Goals: Figure out what you want to achieve with your investment. Plan things step by step so you can reach your goals.
• Risk Check: Decide how much risk you're comfortable with. Remember, higher risk might mean better results.
• Spread Your Money: Spread your money across different things. It helps lower the risk, and you can make more money.
• Learn Stuff: Before diving in, learn about the mutual fund you are interested in. Check its past performance.
• Keep an Eye: Regularly check on your investments. If things need adjusting, do it.
• Ask for Help: Professionals know the ins and outs of mutual funds, especially when things in the market change.

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:

• Visit mysiponline.com: Pick LIC's top Mutual Funds that suit your investment goal.
• Sign Up: Create a free account, fill in your details, and add the funds you want.
• Complete Your Profile: Finish your profile and Know Your Customer (KYC) process.
• Add Funds to Your Cart: Explore and add the mutual funds you like to your cart.
• Make the Payment: Complete payment and wait for the confirmation of your investment.
• Monitor Investments: Keep an eye on your investments through your mysiponline.com account.

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

• Short-term Capital Gains (STCG): Taxed at a flat rate of 15% if units are sold within one year of purchase.
• Long-term Capital Gains (LTCG): Gains exceeding Rs. 1 lakh in a financial year are taxed at 10% without indexation if units are sold after one year.

Debt-Oriented Mutual Funds

• Short-term Capital Gains (STCG): Taxed according to the investor's income tax slab rate if units are sold within three years of purchase.
• Long-term Capital Gains (LTCG): Taxed at a rate of 20% with the benefit of indexation if units are sold after three years.