Fund Name
Ratings
Risk
3Y Returns
AUM

LIC MF Infrastructure Fund Direct Plan Growth

Equity Sectoral / Thematic

0

Very High

31.18%

₹176.61 cr.

LIC MF Infrastructure Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

30.97%

₹176.61 cr.

LIC MF Large and Mid Cap Fund Direct Plan Growth

Equity Large & Mid Cap Fund

2

Very High

19.79%

₹2,551.45 cr.

LIC MF Large and Mid Cap Fund Direct Plan IDCW Payout

Equity Large & Mid Cap Fund

2

Very High

19.79%

₹2,551.45 cr.

LIC MF Large and Mid Cap Fund Direct Plan IDCW Reinvestment

Equity Large & Mid Cap Fund

2

Very High

19.79%

₹2,551.45 cr.

LIC MF Tax Plan Direct Plan IDCW Payout

Equity ELSS

2.5

Very High

17.16%

₹996.32 cr.

LIC MF Tax Plan Direct Plan Growth

Equity ELSS

2.5

Very High

17.09%

₹996.32 cr.

LIC MF Flexi Cap Fund Direct Plan Growth

Equity Flexi Cap Fund

2

Very High

17.06%

₹938.18 cr.

LIC MF Flexi Cap Fund Direct Plan IDCW Reinvestment

Equity Flexi Cap Fund

2

Very High

15.86%

₹938.18 cr.

LIC MF Nifty 50 Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

15.73%

₹277.84 cr.

LIC MF Nifty 50 Index Fund Direct Plan Growth

Other Index Fund

0

Very High

15.58%

₹277.84 cr.

LIC MF Large Cap Fund Direct Plan Growth

Equity Large Cap Fund

0.5

Very High

15.02%

₹1,368.39 cr.

LIC MF S and P BSE Sensex Index Fund Direct Plan Growth

Other Index Fund

0

Very High

14.87%

₹80.86 cr.

LIC MF S and P BSE Sensex Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

14.87%

₹80.86 cr.

LIC MF Large Cap Fund Direct Plan IDCW Reinvestment

Equity Large Cap Fund

0.5

Very High

14.28%

₹1,368.39 cr.

LIC MF Banking and Financial Services Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0

Very High

14.2%

₹297.68 cr.

LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

14.2%

₹297.68 cr.

LIC MF Children'S Gift Fund Direct Plan Growth

Solution Oriented Childrens Fund

1.5

Very High

13.33%

₹15.22 cr.

LIC MF Equity Hybrid Fund Direct Plan Growth

Hybrid Aggressive Hybrid Fund

1

Very High

13%

₹505.23 cr.

LIC MF Equity Hybrid Fund Direct Plan IDCW Payout

Hybrid Aggressive Hybrid Fund

1

Very High

12.73%

₹505.23 cr.

LIC MF Equity Hybrid Fund Direct Plan IDCW Reinvestment

Hybrid Aggressive Hybrid Fund

1

Very High

12.73%

₹505.23 cr.

LIC MF Banking and Financial Services Fund Direct Plan Growth

Equity Sectoral / Thematic

0

Very High

12.52%

₹297.68 cr.

LIC MF Debt Hybrid Fund Direct Plan Yearly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

8.45%

₹52.80 cr.

LIC MF Debt Hybrid Fund Direct Plan Growth

Hybrid Conservative Hybrid Fund

1.5

Moderately High

6.75%

₹52.80 cr.

LIC MF Debt Hybrid Fund Direct Plan Quarterly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

6.56%

₹52.80 cr.

LIC MF Debt Hybrid Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

6.55%

₹52.80 cr.

LIC MF Arbitrage Fund Direct Plan Growth

Hybrid Arbitrage Fund

2.5

Low

5.82%

₹105.34 cr.

LIC MF Arbitrage Fund Direct Plan Monthly IDCW Payout

Hybrid Arbitrage Fund

2.5

Low

5.81%

₹105.34 cr.

LIC MF Arbitrage Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Arbitrage Fund

2.5

Low

5.81%

₹105.34 cr.

LIC MF Short Term Debt Fund Direct Plan Growth

Debt Short Duration Fund

1.5

Moderate

5.58%

₹130.37 cr.

LIC MF Savings Fund Direct Plan Growth

Debt Low Duration Fund

2.5

Moderately Low

5.41%

₹1,247.12 cr.

LIC MF Savings Fund Direct Plan Monthly IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.4%

₹1,247.12 cr.

LIC MF Savings Fund Direct Plan Weekly IDCW Payout

Debt Low Duration Fund

2.5

Moderately Low

5.4%

₹1,247.12 cr.

LIC MF Savings Fund Direct Plan Weekly IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.4%

₹1,247.12 cr.

LIC MF Liquid Fund Direct Plan Daily IDCW Reinvestment

Debt Liquid Fund

2

Moderately Low

5.4%

₹11,415.52 cr.

LIC MF Liquid Fund Direct Plan Growth

Debt Liquid Fund

2

Moderately Low

5.35%

₹11,415.52 cr.

LIC MF Banking and PSU Debt Fund Direct Plan Weekly IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.35%

₹1,331.48 cr.

LIC MF Ultra Short Term Fund Direct Plan Growth

Debt Ultra Short Duration Fund

2.5

Low

5.32%

₹136.65 cr.

LIC MF Government Securities Fund Direct Plan Growth

Debt Gilt Fund

2

Moderately Low

5.29%

₹46.32 cr.

LIC MF Bond Fund Direct Plan Growth

Debt Medium to Long Duration Fund

2.5

Moderate

5.29%

₹182.76 cr.

LIC MF Bond Fund Direct Plan IDCW Payout

Debt Medium to Long Duration Fund

2.5

Moderate

5.27%

₹182.76 cr.

LIC MF Bond Fund Direct Plan IDCW Reinvestment

Debt Medium to Long Duration Fund

2.5

Moderate

5.27%

₹182.76 cr.

LIC MF Banking and PSU Debt Fund Direct Plan Monthly IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.27%

₹1,331.48 cr.

LIC MF Banking and PSU Debt Fund Direct Plan Growth

Debt Banking and PSU Fund

1.5

Moderate

5.27%

₹1,331.48 cr.

LIC MF Banking and PSU Debt Fund Direct Plan Daily IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.27%

₹1,331.48 cr.

LIC MF Government Securities Fund Direct Plan IDCW Reinvestment

Debt Gilt Fund

2

Moderately Low

5.27%

₹46.32 cr.

LIC MF Short Term Debt Fund Direct Plan IDCW Payout

Debt Short Duration Fund

1.5

Moderate

5.22%

₹130.37 cr.

LIC MF Short Term Debt Fund Direct Plan IDCW Reinvestment

Debt Short Duration Fund

1.5

Moderate

5.22%

₹130.37 cr.

LIC MF Overnight Fund Direct Plan IDCW Payout

Debt Overnight Fund

2

Moderately Low

5.08%

₹597.45 cr.

LIC MF Overnight Fund Direct Plan IDCW Reinvestment

Debt Overnight Fund

2

Moderately Low

5.08%

₹597.45 cr.

LIC MF Overnight Fund Direct Plan Growth

Debt Overnight Fund

2

Moderately Low

5.08%

₹597.45 cr.

LIC MF Ultra Short Term Fund Direct Plan Monthly IDCW Reinvestment

Debt Ultra Short Duration Fund

2.5

Low

4.98%

₹136.65 cr.

LIC MF Ultra Short Term Fund Direct Plan Monthly IDCW Payout

Debt Ultra Short Duration Fund

2.5

Low

4.98%

₹136.65 cr.

LIC MF Savings Fund Direct Plan Daily IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

4.8%

₹1,247.12 cr.

LIC MF Balanced Advantage Fund Direct Plan Growth

Hybrid Dynamic Asset Allocation or Balanced Advantage

0

Very High

0%

₹925.38 cr.

LIC MF Balanced Advantage Fund Direct Plan IDCW Payout

Hybrid Dynamic Asset Allocation or Balanced Advantage

0

Very High

0%

₹925.38 cr.

LIC MF Balanced Advantage Fund Direct Plan IDCW Reinvestment

Hybrid Dynamic Asset Allocation or Balanced Advantage

0

Very High

0%

₹925.38 cr.

LIC MF Money Market Fund Direct Growth

Debt Money Market Fund

0

Moderately Low

0%

₹38.02 cr.

LIC MF Money Market Fund Direct IDCW Payout

Debt Money Market Fund

0

Moderately Low

0%

₹38.02 cr.

LIC MF Money Market Fund Direct IDCW Reinvestment

Debt Money Market Fund

0

Moderately Low

0%

₹38.02 cr.

LIC MF Multi Cap Fund Direct Growth

Equity Multi Cap Fund

0

Very High

0%

₹875.94 cr.

LIC MF Multi Cap Fund Direct IDCW Payout

Equity Multi Cap Fund

0

Very High

0%

₹875.94 cr.

LIC MF Multi Cap Fund Direct IDCW Reinvestment

Equity Multi Cap Fund

0

Very High

0%

₹875.94 cr.

About LIC Mutual Fund

LIC or the Life Insurance Corporation of India is one of the most trusted financial organisations in the country. In recent times, the company has been in the news for the partial sale of its stake to private players. Although most famous in the insurance sector, it has only a moderate presence in the mutual fund market. However, its management team has in recent years decided to expand the fund and has declared its goal to reach an AUM of ₹1 lakh crore by FY27. 

LIC Mutual Fund, which has an AUM of 25,104 crores, offers 38 schemes in a variety of categories, including 16 equity, 11 debt, and 4 hybrid mutual funds. Learn about the details of the LIC MF programme, compare historical results, and invest in the best LIC mutual funds. Consider investing in mutual fund plans that match your investment goals, risk tolerance, and fund alternatives.

Given the huge amount of trust it enjoys among retail investors and the years of experience they have in the financial markets, LIC is one of the most interesting players in the mutual fund market as of now.

LIC Mutual Funds Key Information

Founding date April 20, 1994
AMC incorporation date April 20, 1994
Headquarters in Churchgate, Mumbai
Name of the sponsors Life Insurance Corporation of India
Trustee organisation LIC Mutual Fund Trustee Private Limited
MD and CEO Mr. Raj Kumar
Chief investment officer Mr. Marzban Irani
Compliance officer Mr. Mayank Arora

LIC Mutual Fund Managers

RS

Rahul Singh

Fund Manager since Jul 2022 (1 year)

YP

Yogesh Patil

Fund Manager since Oct 2022 (1 year)

MI

Marzban Irani

Fund Manager since Jan 2019 (5 years)

KD

Karan Desai

Fund Manager since Oct 2018 (5 years)

How to Invest in LIC Mutual Fund via Angel One?

Investing in the LIC Mutual Fund can be easy if you use your Angel One account. All you need to do is follow these steps:

Step 1: Log in to your Angel One account by entering your mobile number and validating the OTP. If you do not have an account with Angel One, you can open a demat account in a few minutes by submitting the required documents. Next, enter your MPIN.

Step 2: Determine which fund is best suited for your needs and risk profile. You can explore different funds on the Angel One app and consider factors such as past performance, tax implications, the sectors and companies the fund invests in, potential returns, risk level, ratings given by reputed agencies, and expense ratio.

Step 3: Once you have selected the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and search for the chosen fund.

Decide whether you want to invest through a lump sum or monthly SIP. Enter the amount you want to invest and choose your preferred payment method, with UPI being the recommended option. If you choose the SIP route, you can set up a mandate for future instalments. Finally, place your order and complete the transaction.

Remember to be careful when choosing the fund(s) as this can be a long-term investment.

You can learn more about each fund on the Angel One app.

Documents Required To Invest in LIC Mutual Fund

Investing in LIC Mutual Funds through Angel One is a streamlined and entirely digital process, ensuring a hassle-free investment experience. To initiate your investment journey, it is imperative to complete the KYC process, for which you’ll need to furnish the following essential documents:

  1. PAN Card Details (Compulsory)
  2. Personal Information, including Full Name, Mobile Number, and Email Address
  3. Address Proof, with Aadhar Card being the recommended choice, encompassing both its front and back sides.
  4. Bank Account Details, along with a cancelled cheque, if requested.
  5. Nominee details and FATCA Declarations

Angel One simplifies the KYC verification process, granting you swift and efficient access to LIC Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform is designed to make your financial goals attainable. You can anticipate your KYC verification to be finalized in just 48-72 business hours, paving the way for you to embark on your mutual fund journey.

Top LIC Mutual Funds To Invest In

Name of the Fund Sub Category AUM (₹in crore) Minimum Investment (₹) CAGR 3Y (%) CAGR 5Y (%)
LIC MF Small Cap Fund Small Cap Fund 170.59 5,000 35.85 20.6
LIC MF Infra Fund Sectoral Fund – Infrastructure 116.11 1,000 35.84 19.9
LIC MF Banking & Financial Services Fund Sectoral Fund – Banks & Financial Services 284.1 3,000 26.3 14.59
LIC MF Midcap Fund Mid Cap Fund 206.28 5,000 24.15 15.32
LIC MF Long Term Value Fund Value Fund 96.11 1,000 23.12 13.96
LIC MF Large & Midcap Fund Large & Mid Cap Fund 2197.93 1,000 22.35 16.33
LIC MF Dividend Yield Fund Dividend Yield Fund 89.82 5,000 21.82
LIC MF ELSS Equity Linked Savings Scheme (ELSS) 955.94 500 21.39 14.52
LIC MF Focused 30 Equity Fund Focused Fund 128.72 5,000 20.49 13.27
LIC MF Nifty 50 Index Fund Index Fund 225.28 5,000 20.41 13.18

**All data as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

LIC MF Small Cap Fund

This fund is categorised as a small cap fund, which primarily focuses on investing in stocks of small-cap companies. It currently manages Assets Under Management (AUM) of ₹170.59 crore. The expense ratio for this fund is 1.53%, indicating the annual expenses incurred by investors. Over the past 3 years, it has shown an average compound annual growth rate (CAGR) of 35.85%. The minimum investment amount for this fund is ₹5000.

LIC MF Infra Fund

LIC MF Infra Fund falls under the Sectoral Fund – Infrastructure category, focusing on investments in infrastructure-related sectors. The AUM for this fund is ₹116.11 crore, with an expense ratio of 1.47%. Over a 3-year period, it has delivered a CAGR of 35.84%. The minimum investment requirement for this fund is ₹1,000.

LIC MF Banking & Financial Services Fund

Categorised as a Sectoral Fund – Banks & Financial Services, this fund concentrates on investments in the banking and financial sectors. It manages an AUM of ₹284.1 crore and has an expense ratio of 1.54%. Over the last 3 years, it has provided an average CAGR of 26.3%. The minimum investment amount for this fund is ₹3,000.

LIC MF Midcap Fund

LIC MF Midcap Fund operates as a mid cap fund, focusing on mid-sized companies’ stocks. With an AUM of ₹206.28 crore and an expense ratio of 1.58%, it has delivered a 3-year CAGR of 24.15%. The minimum investment threshold for this fund is ₹5,000.

LIC MF Long Term Value Fund

This is a value fund aiming to invest in undervalued stocks for the long term. It manages an AUM of ₹96.11 crore and has an expense ratio of 1.62%. Over the past 3 years, it has shown a CAGR of 23.12%. The minimum investment amount for this fund is ₹1,000.

LIC MF Large and Midcap Fund

Falling under the large and mid cap fund category, this fund invests in both large and mid-sized company stocks. It manages an AUM of ₹2197.93 crore and has an expense ratio of 0.81%. Over a 3-year period, it has provided an average CAGR of 22.35%. The minimum investment required for this fund is ₹1,000.

LIC MF Dividend Yield Fund

This is a dividend yield fund, which focuses on stocks with a history of paying dividends. It manages an AUM of ₹89.82 crore and has an expense ratio of 1.45%. Over the last 3 years, it has delivered an average CAGR of 21.82%. The minimum investment amount for this fund is ₹5,000.

LIC MF ELSS

LIC MF ELSS is an Equity Linked Savings Scheme (ELSS) designed for tax-saving purposes. It manages an AUM of ₹955.94 crore and has an expense ratio of 1.29%. Over a 3-year period, it has shown an average CAGR of 21.39%. The minimum investment required for this fund is ₹500.

LIC MF Focused 30 Equity Fund

This is a focused fund that concentrates its investments in a limited number of carefully selected stocks. It manages an AUM of ₹128.72 crore and has an expense ratio of 1.57%. Over the past 3 years, it has provided an average CAGR of 20.49%. The minimum investment amount for this fund is ₹5,000.

LIC MF Nifty 50 Index Fund

LIC MF Nifty 50 Index Fund operates as an Index Fund, closely mirroring the performance of the Nifty 50 index. It manages an AUM of ₹225.28 crore and has an exceptionally low expense ratio of 0.2%. Over a 3-year period, it has delivered an average CAGR of 20.41%. The minimum investment required for this fund is ₹5,000.

Mutual Funds Calculator

LIC Mutual Fund FAQs

How to start LIC Mutual Fund SIP online?

There are two ways to do this. For a hassle-free investing experience, you can invest in LIC AMC SIP online through the Angel One app or web platform. This will allow you to track all your investments in one place. Alternatively, you can start investing in LIC AMC SIP online through AMC’s official website.

Which scheme is the best in LIC Mutual Fund?

Determining which scheme is best for the LIC Mutual Fund depends on several factors. This includes the scheme's investment objective, risk level, associated costs, etc. Additionally, consider your goals, risk appetite, and investment time horizon when selecting the scheme best suited for your needs.

How to redeem LIC Mutual Fund online?

There are two ways of doing this. You can initiate your redemption request by visiting the Angel One web platform or app. Alternatively, you can also redeem your investments by visiting the AMC website.

Are LIC Mutual Fund schemes tax-free?

LIC Mutual Fund is an ELSS (Equity Linked Savings Scheme) fund from the LIC AMC. This allows you to claim a tax deduction of up to ₹1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. You can deduct this from your total income.

Who owns the LIC Mutual Fund?

LIC Mutual Fund is managed by LIC Mutual Fund Asset Management Ltd. Its shareholders include LIC of India, LIC Housing Finance of India., GIC Housing Finance Ltd., and the Corporation Bank.