Fund Name
Ratings
Ratings in Descending
Rating in Ascending
Risk
Risk in Descending
Risk in Ascending
3Y Returns
Three Years Returns in Descending
Three Years Returns in Ascending
AUM
Asset Under Management in Descending
Asset Under Management in Ascending

LIC MF Infrastructure Fund

Equity Sectoral / Thematic

0

Very High

38.37%

₹430.21 cr.

LIC MF Infrastructure Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

38.16%

₹430.21 cr.

LIC MF Infrastructure Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

38.16%

₹430.21 cr.

LIC MF Small Cap Fund

Equity Small Cap Fund

2.5

Very High

28.37%

₹281.35 cr.

LIC MF Small Cap Fund Direct Plan IDCW Payout

Equity Small Cap Fund

2.5

Very High

28.37%

₹281.35 cr.

LIC MF Small Cap Fund Direct Plan IDCW Reinvestment

Equity Small Cap Fund

2.5

Very High

28.37%

₹281.35 cr.

LIC MF Dividend Yield Fund

Equity Dividend Yield Fund

1.5

Very High

25.68%

₹241.77 cr.

LIC MF Dividend Yield Fund Direct Plan IDCW Payout

Equity Dividend Yield Fund

1.5

Very High

25.67%

₹241.77 cr.

LIC MF Dividend Yield Fund Direct Plan IDCW Reinvestment

Equity Dividend Yield Fund

1.5

Very High

25.67%

₹241.77 cr.

LIC MF Nifty Next 50 Index Fund

Other Index Fund

0

Very High

22.93%

₹90.25 cr.

LIC MF Nifty Next 50 Index Fund Direct Plan IDCW Payout

Other Index Fund

0

Very High

22.93%

₹90.25 cr.

LIC MF Nifty Next 50 Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

22.93%

₹90.25 cr.

LIC MF Large and Mid Cap Fund

Equity Large & Mid Cap Fund

2

Very High

22.15%

₹3,000.98 cr.

LIC MF Large and Mid Cap Fund Direct Plan IDCW Payout

Equity Large & Mid Cap Fund

2

Very High

22.15%

₹3,000.98 cr.

LIC MF Large and Mid Cap Fund Direct Plan IDCW Reinvestment

Equity Large & Mid Cap Fund

2

Very High

22.15%

₹3,000.98 cr.

LIC MF Mid Cap Fund

Equity Mid Cap Fund

0.5

Very High

21.76%

₹304.69 cr.

LIC MF Mid Cap Fund Direct Plan IDCW Payout

Equity Mid Cap Fund

0.5

Very High

21.74%

₹304.69 cr.

LIC MF Mid Cap Fund Direct Plan IDCW Reinvestment

Equity Mid Cap Fund

0.5

Very High

21.74%

₹304.69 cr.

LIC MF Long Term Value Fund

Equity Value Fund

2

Very High

20.06%

₹119.11 cr.

LIC MF Value Fund Direct Plan IDCW Payout

Equity Value Fund

2

Very High

20.04%

₹119.11 cr.

LIC MF Value Fund Direct Plan IDCW Reinvestment

Equity Value Fund

2

Very High

20.04%

₹119.11 cr.

LIC MF ELSS Tax Saver

Equity ELSS

2.5

Very High

19.57%

₹1,152.41 cr.

LIC MF ELSS Tax Saver Direct Plan IDCW Payout

Equity ELSS

2.5

Very High

19.27%

₹1,152.41 cr.

LIC MF Flexi Cap Fund

Equity Flexi Cap Fund

2

Very High

18.56%

₹1,076.31 cr.

LIC MF Flexi Cap Fund Direct Plan IDCW Reinvestment

Equity Flexi Cap Fund

2

Very High

17.94%

₹1,076.31 cr.

LIC MF Flexi Cap Fund Direct Plan IDCW Reinvestment

Equity Flexi Cap Fund

2

Very High

17.94%

₹1,076.31 cr.

LIC MF Focused 30 Equity Fund

Equity Focused Fund

1

Very High

17.31%

₹140.80 cr.

LIC MF Focused Fund Direct Plan IDCW Reinvestment

Equity Focused Fund

1

Very High

17.3%

₹140.80 cr.

LIC MF Focused Fund Direct Plan IDCW Payout

Equity Focused Fund

1

Very High

17.3%

₹140.80 cr.

LIC MF Nifty 50 Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

16.92%

₹315.82 cr.

LIC MF Nifty 50 Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

16.92%

₹315.82 cr.

LIC MF Nifty 50 Index Fund

Other Index Fund

0

Very High

16.91%

₹315.82 cr.

LIC MF Large Cap Fund

Equity Large Cap Fund

0.5

Very High

16.54%

₹1,514.67 cr.

LIC MF S and P BSE Sensex Index Fund

Other Index Fund

0

Very High

16.36%

₹83.43 cr.

LIC MF BSE Sensex Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

16.36%

₹83.43 cr.

LIC MF BSE Sensex Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

16.36%

₹83.43 cr.

LIC MF Banking and Financial Services Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0

Very High

16.19%

₹303.28 cr.

LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

16.19%

₹303.28 cr.

LIC MF Large Cap Fund Direct Plan IDCW Reinvestment

Equity Large Cap Fund

0.5

Very High

15.95%

₹1,514.67 cr.

LIC MF Large Cap Fund Direct Plan IDCW Reinvestment

Equity Large Cap Fund

0.5

Very High

15.95%

₹1,514.67 cr.

LIC MF Gold ETF Fund of Fund

Other FoFs Domestic

0

High

14.76%

₹54.61 cr.

LIC MF Banking and Financial Services Fund

Equity Sectoral / Thematic

0

Very High

14.73%

₹303.28 cr.

LIC MF Children'S Gift Fund

Solution Oriented Childrens Fund

1.5

Very High

14.59%

₹16.95 cr.

LIC MF Aggressive Hybrid Fund

Hybrid Aggressive Hybrid Fund

1

Very High

14.39%

₹543.31 cr.

LIC MF Aggressive Hybrid Fund Direct Plan IDCW Payout

Hybrid Aggressive Hybrid Fund

1

Very High

14.1%

₹543.31 cr.

LIC MF Aggressive Hybrid Fund Direct Plan IDCW Reinvestment

Hybrid Aggressive Hybrid Fund

1

Very High

14.1%

₹543.31 cr.

LIC MF Healthcare Fund

Equity Sectoral / Thematic

0

Very High

10.48%

₹62.03 cr.

LIC MF Healthcare Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0

Very High

10.47%

₹62.03 cr.

LIC MF Healthcare Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

10.47%

₹62.03 cr.

LIC MF Equity Savings Fund

Hybrid Equity Savings

2.5

Moderately High

9.55%

₹17.66 cr.

LIC MF Equity Savings Fund Direct Plan Monthly IDCW Payout

Hybrid Equity Savings

2.5

Moderately High

9.54%

₹17.66 cr.

LIC MF Equity Savings Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Equity Savings

2.5

Moderately High

9.54%

₹17.66 cr.

LIC MF Equity Savings Fund Direct Plan Quarterly IDCW Payout

Hybrid Equity Savings

2.5

Moderately High

9.53%

₹17.66 cr.

LIC MF Equity Savings Fund Direct Plan Quarterly IDCW Reinvestment

Hybrid Equity Savings

2.5

Moderately High

9.53%

₹17.66 cr.

LIC MF Conservative Hybrid Fund Direct Plan Yearly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

8.94%

₹51.13 cr.

LIC MF Conservative Hybrid Fund Direct Plan Yearly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

8.94%

₹51.13 cr.

LIC MF Conservative Hybrid Fund

Hybrid Conservative Hybrid Fund

1.5

Moderately High

7.27%

₹51.13 cr.

LIC MF Conservative Hybrid Fund Direct Plan Quarterly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

7.04%

₹51.13 cr.

LIC MF Conservative Hybrid Fund Direct Plan Quarterly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

7.04%

₹51.13 cr.

LIC MF Conservative Hybrid Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

7.04%

₹51.13 cr.

LIC MF Conservative Hybrid Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

1.5

Moderately High

7.04%

₹51.13 cr.

LIC MF Arbitrage Fund

Hybrid Arbitrage Fund

2.5

Low

6.22%

₹253.59 cr.

LIC MF Arbitrage Fund Direct Plan Monthly IDCW Payout

Hybrid Arbitrage Fund

2.5

Low

6.22%

₹253.59 cr.

LIC MF Arbitrage Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Arbitrage Fund

2.5

Low

6.22%

₹253.59 cr.

LIC MF Short Duration Fund

Debt Short Duration Fund

1.5

Moderate

5.91%

₹98.59 cr.

LIC MF Liquid Fund Direct Plan Daily IDCW Reinvestment

Debt Liquid Fund

2

Moderately Low

5.9%

₹10,527.00 cr.

LIC MF Liquid Fund Direct Plan Daily IDCW Reinvestment

Debt Liquid Fund

2

Moderately Low

5.9%

₹10,527.00 cr.

LIC MF Liquid Fund

Debt Liquid Fund

2

Moderately Low

5.9%

₹10,527.00 cr.

LIC MF Ultra Short Duration Fund

Debt Ultra Short Duration Fund

2.5

Low

5.88%

₹281.57 cr.

LIC MF Low Duration Fund

Debt Low Duration Fund

2.5

Moderately Low

5.86%

₹1,128.34 cr.

LIC MF Low Duration Fund Direct Plan Monthly IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.85%

₹1,128.34 cr.

LIC MF Low Duration Fund Direct Plan Monthly IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.85%

₹1,128.34 cr.

LIC MF Low Duration Fund Direct Plan Weekly IDCW Payout

Debt Low Duration Fund

2.5

Moderately Low

5.85%

₹1,128.34 cr.

LIC MF Low Duration Fund Direct Plan Weekly IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.85%

₹1,128.34 cr.

LIC MF Medium To Long Duration Bond Fund

Debt Medium to Long Duration Fund

2.5

Moderate

5.73%

₹169.08 cr.

LIC MF Medium To Long Duration Fund Direct Plan IDCW Payout

Debt Medium to Long Duration Fund

2.5

Moderate

5.72%

₹169.08 cr.

LIC MF Medium To Long Duration Fund Direct Plan IDCW Reinvestment

Debt Medium to Long Duration Fund

2.5

Moderate

5.72%

₹169.08 cr.

LIC MF Banking and PSU Fund Direct Plan Weekly IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.59%

₹1,408.33 cr.

LIC MF Banking and PSU Fund Direct Plan Weekly IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.59%

₹1,408.33 cr.

LIC MF Banking and PSU Fund Direct Plan Monthly IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.59%

₹1,408.33 cr.

LIC MF Banking and PSU Debt Fund

Debt Banking and PSU Fund

1.5

Moderate

5.59%

₹1,408.33 cr.

LIC MF Banking and PSU Fund Direct Plan Monthly IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.59%

₹1,408.33 cr.

LIC MF Banking and PSU Fund Direct Plan Daily IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.58%

₹1,408.33 cr.

LIC MF Banking and PSU Fund Direct Plan Daily IDCW Reinvestment

Debt Banking and PSU Fund

1.5

Moderate

5.58%

₹1,408.33 cr.

LIC MF Low Duration Fund Direct Plan Daily IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.55%

₹1,128.34 cr.

LIC MF Low Duration Fund Direct Plan Daily IDCW Reinvestment

Debt Low Duration Fund

2.5

Moderately Low

5.55%

₹1,128.34 cr.

LIC MF Short Duration Fund Direct Plan IDCW Payout

Debt Short Duration Fund

1.5

Moderate

5.54%

₹98.59 cr.

LIC MF Short Duration Fund Direct Plan IDCW Reinvestment

Debt Short Duration Fund

1.5

Moderate

5.54%

₹98.59 cr.

LIC MF Ultra Short Duration Fund Direct Plan Monthly IDCW Reinvestment

Debt Ultra Short Duration Fund

2.5

Low

5.54%

₹281.57 cr.

LIC MF Ultra Short Duration Fund Direct Plan Monthly IDCW Payout

Debt Ultra Short Duration Fund

2.5

Low

5.54%

₹281.57 cr.

LIC MF Overnight Fund Direct Plan IDCW Payout

Debt Overnight Fund

2

Moderately Low

5.53%

₹970.15 cr.

LIC MF Overnight Fund Direct Plan IDCW Reinvestment

Debt Overnight Fund

2

Moderately Low

5.53%

₹970.15 cr.

LIC MF Overnight Fund

Debt Overnight Fund

2

Moderately Low

5.53%

₹970.15 cr.

LIC MF Gilt Fund

Debt Gilt Fund

2

Moderately Low

5.45%

₹69.05 cr.

LIC MF Gilt Fund Direct Plan IDCW Reinvestment

Debt Gilt Fund

2

Moderately Low

5.42%

₹69.05 cr.

LIC MF Gilt Fund Direct Plan IDCW Reinvestment

Debt Gilt Fund

2

Moderately Low

5.42%

₹69.05 cr.

LIC MF Liquid Fund Direct Plan Monthly IDCW Reinvestment

Debt Liquid Fund

3.5

Moderately Low

0%

₹10,527.00 cr.

LIC MF Liquid Fund Direct Plan Weekly IDCW Payout

Debt Liquid Fund

3.5

Moderately Low

0%

₹10,527.00 cr.

LIC MF Liquid Fund Direct Plan Weekly IDCW Reinvestment

Debt Liquid Fund

3.5

Moderately Low

0%

₹10,527.00 cr.

LIC MF Balanced Advantage Fund

Hybrid Dynamic Asset Allocation or Balanced Advantage

0

Very High

0%

₹881.51 cr.

LIC MF Balanced Advantage Fund Direct Plan IDCW Payout

Hybrid Dynamic Asset Allocation or Balanced Advantage

0

Very High

0%

₹881.51 cr.

LIC MF Balanced Advantage Fund Direct Plan IDCW Reinvestment

Hybrid Dynamic Asset Allocation or Balanced Advantage

0

Very High

0%

₹881.51 cr.

LIC MF Short Duration Fund Direct Plan Monthly IDCW Payout

Debt Short Duration Fund

3.5

Moderate

0%

₹98.59 cr.

LIC MF Short Duration Fund Direct Plan Weekly IDCW Reinvestment

Debt Short Duration Fund

3.5

Moderate

0%

₹98.59 cr.

LIC MF Money Market Fund

Debt Money Market Fund

0

Moderately Low

0%

₹25.21 cr.

LIC MF Medium To Long Duration Fund Direct Plan Quarterly IDCW Payout

Debt Medium to Long Duration Fund

2.5

Moderate

0%

₹169.08 cr.

LIC MF Money Market Fund Direct IDCW Payout

Debt Money Market Fund

0

Moderately Low

0%

₹25.21 cr.

LIC MF Medium To Long Duration Fund Direct Plan Annual IDCW Payout

Debt Medium to Long Duration Fund

2.5

Moderate

0%

₹169.08 cr.

LIC MF Short Duration Fund Direct Plan Monthly IDCW Reinvestment

Debt Short Duration Fund

3.5

Moderate

0%

₹98.59 cr.

LIC MF Money Market Fund Direct IDCW Reinvestment

Debt Money Market Fund

0

Moderately Low

0%

₹25.21 cr.

LIC MF Liquid Fund Direct Plan Monthly IDCW Payout

Debt Liquid Fund

3.5

Moderately Low

0%

₹10,527.00 cr.

LIC MF Multi Cap Fund

Equity Multi Cap Fund

0

Very High

0%

₹1,185.49 cr.

LIC MF Medium To Long Duration Fund Direct Plan Annual IDCW Reinvestment

Debt Medium to Long Duration Fund

2.5

Moderate

0%

₹169.08 cr.

LIC MF Multi Cap Fund Direct Plan IDCW Payout

Equity Multi Cap Fund

0

Very High

0%

₹1,185.49 cr.

LIC MF Multi Cap Fund Direct Plan IDCW Reinvestment

Equity Multi Cap Fund

0

Very High

0%

₹1,185.49 cr.

LIC MF Short Duration Fund Direct Plan Weekly IDCW Payout

Debt Short Duration Fund

3.5

Moderate

0%

₹98.59 cr.

LIC MF Medium To Long Duration Fund Direct Plan Quarterly IDCW Reinvestment

Debt Medium to Long Duration Fund

2.5

Moderate

0%

₹169.08 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 Sep 2015 (8 years)

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Rahul Singh did his MBA from Indian Institute of Management, Ahmedabad. Before joining LIC Asset Managers, he worked at Ashika Capital Ltd and AXA Investment Managers. Currently, he is the VP and Senior Fund Manager - Fixed Income at LIC Asset Managers.

SB

Sumit Bhatnagar

Fund Manager since Nov 2019 (4 years)

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Sumit Bhatnagar did his MBA in Investment Management from the University of Toronto. He started his career as an Assistant Manager at Cosmos Bank and later on worked at IDBI Bank, SEBI and then moved to Indiabulls AMC as a Research Analyst.

YP

Yogesh Patil

Fund Manager since Mar 2013 (11 years)

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Yogesh Patil did his MBA (Finance) from Symbiosis Institute of Business Management, Pune. He worked at various firms including Sahara Mutual Fund, Canara Robeco Asset Management Company before joining LIC Mutual Fund. Currently, he is the Chief Investment Officer(Equity).

MI

Marzban Irani

Fund Manager since Aug 2016 (7 years)

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Marzban Irani did his PGDBM from Chetna's Institute of Management & Research, Mumbai. Before joining LIC Mutual Fund as a Chief Investment Officer - Debt, he worked at various firms including Mirae Asset Global Investments, PNB MetLife India Insurance and TATA Asset Management.

KD

Karan Desai

Fund Manager since Oct 2018 (5 years)

RP

Rupali Pandit

Fund Manager since Oct 2018 (5 years)

View Details

Ms. Rupali Pandit, currently at IDBI Asset Management Ltd., has 22 years of experience in Equity Markets. Previously, she served as an Equity Dealer at Principal Mutual Fund, with past roles at ABN Amro Mutual Fund, IL&FS Mutual Fund, and GIC Mutual Fund. Her deep industry knowledge is rooted in extensive practical experience.

BK

Bhupesh Kalyani

Fund Manager since Feb 2017 (7 years)

View Details

Mr. Kalyani, a Chartered Accountant (CA), Certified Information Systems Auditor (CISA), and Cost & Works Accountant (ICWA), is currently a fund manager at PGIM India Mutual Fund. He brings extensive experience from previous roles at IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund, and Star Union Dai-ichi Life Insurance Co. Ltd.

RS

Raju Sharma

Fund Manager since May 2017 (7 years)

View Details

Mr. Raju Sharma, aged 54, is the Head of Fixed Income and a Fund Manager at IDBI Mutual Fund. He holds degrees in B.Com, CA, and LLB (General). With 31 years of experience in the financial services industry, he has previously worked at Tata Mutual Fund, Indiabulls Mutual Fund, and JM Morgan Stanley.

AR

Alok Ranjan

Fund Manager since Feb 2019 (5 years)

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Mr. Alok Ranjan holds an MBA in Finance and a BSc in Physics (Honors). With 25 years of experience in equity research and fund management, he currently serves as a Fund Manager at IDBI Asset Management Limited. His prior roles include Vice President of Research at Religare and First Global.

JT

Jaiprakash Toshniwal

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 Calculators

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.