Fund Name | NAV | Expenses Ratio | 1y Return | 3Y Returns | Risk | Fund Size (in Cr) | |
|---|---|---|---|---|---|---|---|
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.
| 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. Ravi Kumar Jha |
| Chief investment officer | Mr. Marzban Irani |
| Compliance officer | Mr. Mayank Arora |
Jaiprakash Toshniwal
Fund Manager since Jul 2024 (2 years)
Rahul Singh
Fund Manager since Aug 2023 (3 years)
Yogesh Patil
Fund Manager since Aug 2023 (3 years)
Sumit Bhatnagar
Fund Manager since Aug 2023 (3 years)
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.
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:
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.
| Name | AUM (₹ Crore) | CAGR 3Y (%) | 1Y Returns (%) | Expense Ratio |
| LIC MF Gold ETF FoF | 808.61 | 37.72 | 75.04 | 0.32 |
| LIC MF Infra Fund | 946.24 | 30.47 | 20.79 | 0.83 |
| LIC MF Dividend Yield Fund | 688.69 | 23.4 | 15.35 | 0.72 |
| LIC MF Multi Cap Fund | 1,765.96 | 22.8 | 16.06 | 0.46 |
| LIC MF Nifty Next 50 Index Fund | 99.93 | 22.21 | 16.04 | 0.38 |
| LIC MF Midcap Fund | 345.56 | 21.85 | 12.19 | 1.44 |
| LIC MF Healthcare Fund | 78.65 | 21.75 | 2.87 | 1.22 |
| LIC MF Large & Midcap Fund | 2,992.97 | 19.68 | 13.36 | 0.58 |
| LIC MF Small Cap Fund | 619.16 | 18.68 | 4.4 | 1.03 |
| LIC MF ELSS Tax Saver | 1,053.61 | 17.4 | 9.65 | 0.97 |
Note: The data is as of February 2026, with funds ranked by the highest 3-year CAGR among LIC Mutual Fund schemes.
LIC MF Gold ETF FoF is an open‑ended fund of fund scheme that invests primarily in units of gold ETFs to mirror domestic gold prices. It is managed by Sumit Bhatnagar.
Its benchmark is the Domestic Price of Gold. The scheme levies an exit load of 1% if redeemed within 15 days.
LIC MF Infrastructure Fund is an open‑ended equity scheme that aims to generate long‑term growth by investing in companies engaged directly or indirectly in the infrastructure sector. It is managed by Yogesh Patil and Mahesh Bendre.
Its benchmark is the Nifty Infrastructure TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 90 days.
LIC MF Dividend Yield Fund is an open‑ended equity scheme that aims to achieve long‑term capital appreciation and/or dividend distribution by investing predominantly in dividend‑yielding companies. It is managed by Karan Doshi and Dikshit Mittal.
Its benchmark is the NIFTY 500 TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 12 months.
LIC MF Multi Cap Fund is an open‑ended equity scheme that invests across large‑cap, mid‑cap and small‑cap companies to generate long‑term capital appreciation. It is managed by Yogesh Patil and Dikshit Mittal.
Its benchmark is the Nifty 500 Multicap 50:25:25 TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 12 months.
LIC MF Nifty Next 50 Index Fund is an open‑ended index scheme that invests in all constituents of the Nifty Next 50 Index in the same proportion as the index.
It is managed by Sumit Bhatnagar. Its benchmark is the NIFTY Next 50 TRI. The scheme charges no exit load.
LIC MF Midcap Fund is an open‑ended equity scheme that aims to provide long‑term capital appreciation by investing predominantly in mid‑cap companies. It is managed by Karan Doshi and Dikshit Mittal.
Its benchmark is the NIFTY Midcap 150 TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 12 months.
LIC MF Healthcare Fund is an open‑ended thematic equity scheme that aims to achieve long‑term capital appreciation by investing in companies engaged in the healthcare and allied sectors. It is managed by Karan Doshi.
Its benchmark is the BSE Healthcare TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 90 days.
LIC MF Large & Midcap Fund is an open‑ended equity scheme investing substantially in large‑cap and mid‑cap companies for long‑term capital appreciation. It is managed by Dikshit Mittal and Yogesh Patil.
Its benchmark is the Nifty Large Midcap 250 TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 3 months.
LIC MF Small Cap Fund is an open‑ended equity scheme that seeks long‑term wealth creation by investing predominantly in small‑cap companies. It is managed by Mahesh Bendre, Yogesh Patil, and Dikshit Mittal.
Its benchmark is the NIFTY Smallcap 250 TRI. The scheme levies an exit load of 1% on units in excess of 12% if redeemed within 12 months.
LIC MF ELSS Tax Saver is an open‑ended equity‑linked savings scheme offering tax benefits under Section 80C with a mandatory 3‑year lock‑in period. It is managed by Yogesh Patil and Dikshit Mittal.
Its benchmark is the NIFTY 500 TRI. The scheme charges no exit load, subject to the statutory 3‑year lock‑in.
