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LIC Mutual Fund

AUM
₹44,894.42 cr.
No. of Schemes
126
AMC Age
31Yrs
LIC Mutual Fund, backed by trusted Life Insurance Corporation of India, offers a range of schemes. By offering a variety of investment options, they aLIC Mutual Fund, backed by trusted Life Insurance Corporation of India, offers a range of schemes. By offering a variety of investment options, they aim to create wealth for investors and expand their mutual fund presence.Read More

List of Top LIC Mutual Fund Schemes

Fund Name
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3Y Returns
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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. Ravi Kumar Jha
Chief investment officer Mr. Marzban Irani
Compliance officer Mr. Mayank Arora

LIC Mutual Fund Managers

JT

Jaiprakash Toshniwal

Fund Manager since Jul 2024 (2 years)

RS

Rahul Singh

Fund Manager since Aug 2023 (3 years)

YP

Yogesh Patil

Fund Manager since Aug 2023 (3 years)

SB

Sumit Bhatnagar

Fund Manager since Aug 2023 (3 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

Scheme Category AUM (in ₹ Cr) 3-Yr Returns (%) 1-Yr Return (%)
LIC MF Infra Fund Equity 881.41 25.51 14.11
LIC MF Gold ETF FoF Equity 80.36 19.31 37.19
LIC MF Small Cap Fund Equity 491.39 18.88 7.46
LIC MF Dividend Yield Fund Equity 482.65 18.67 10.01
LIC MF Midcap Fund Equity 326.63 18.03 12.08
LIC MF Healthcare Fund Equity 83.89 17.47 14.76
LIC MF Nifty Next 50 Index Fund Equity 94.75 15.06 3.83
LIC MF Large & Midcap Fund Equity 2,915.53 14.83 11.41
LIC MF ELSS Tax Saver Equity 1,093.48 14.13 12.83
LIC MF Value Fund Equity 148.97 13.26 3.99
Note: All data is as of February 24, 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

1. LIC MF Infrastructure Fund

The LIC MF Infrastructure Fund is an open-ended equity scheme investing in companies directly or indirectly involved in infrastructure development. The fund seeks to provide investors with long-term capital appreciation by capitalising on the growth potential of the infrastructure sector. The fund is managed by Yogesh Patil and Mahesh Bendre and is benchmarked against the NIFTY Infrastructure Total Return Index. The scheme allows 12% of the units allotted to be redeemed or switched out without any exit load on or before the completion of 90 days from the date of allotment. An exit load of 1% is applicable if the units are redeemed or switched out beyond the free limit but on or before the completion of 90 days. No exit load applies if the units are redeemed or switched out after 90 days from the date of allotment.

  1. LIC MF Gold ETF Fund of Fund

The LIC MF Gold ETF Fund of Fund is an open-ended fund of fund scheme investing predominantly in units of LIC MF Gold Exchange Traded Fund (ETF). The fund aims to provide returns that closely correspond to the returns provided by LIC MF Gold ETF, which in turn tracks the domestic price of gold. The fund is managed by Sumit Bhatnagar. No exit load is applicable for this scheme.

  1. LIC MF Small Cap Fund

The LIC MF Small Cap Fund is an open-ended equity scheme investing predominantly in small-cap companies. The fund aims to provide investors with opportunities for long-term capital appreciation by focusing on companies with a market capitalisation within the NIFTY Small Cap 250 Index. The fund is managed by Nikhil Rungta and Mahesh Bendre and is benchmarked against the NIFTY Small Cap 250 Total Return Index. The scheme applies an exit load of 1% if the units are redeemed or switched out within 12 months from the date of allotment. No exit load applies if the units are redeemed or switched out after 12 months from the date of allotment.

  1. LIC MF Dividend Yield Fund

The LIC MF Dividend Yield Fund is an open-ended equity scheme investing in dividend-yielding stocks. The fund aims to provide long-term capital appreciation by investing in a diversified portfolio of companies that have a consistent track record of paying dividends. The fund is managed by Dikshit Mittal and Karan Doshi and is benchmarked against the NIFTY Dividend Opportunities 50 Total Return Index. The scheme applies an exit load of 1% if the units are redeemed or switched out within 12 months from the date of allotment. No exit load applies if the units are redeemed or switched out after 12 months from the date of allotment.

  1. LIC MF Midcap Fund

The LIC MF Midcap Fund is an open-ended equity scheme investing predominantly in mid-cap companies. The fund aims to provide investors with opportunities for long-term capital appreciation by focusing on companies with a market capitalisation within the NIFTY Midcap 150 Index. The fund is managed by Karan Doshi and Dikshit Mittal and is benchmarked against the NIFTY Midcap 150 Total Return Index. The scheme applies an exit load of 1% if the units are redeemed or switched out within 12 months from the date of allotment. No exit load applies if the units are redeemed or switched out after 12 months from the date of allotment.

  1. LIC MF Healthcare Fund

The LIC MF Healthcare Fund is an open-ended equity scheme investing in companies within the healthcare and pharmaceutical sectors. The fund aims to achieve long-term capital growth by identifying companies with robust growth potential within the healthcare industry. The fund is managed by Karan Doshi and is benchmarked against the S&P BSE Healthcare Total Return Index. The scheme applies an exit load of 1% if the units are redeemed or switched out within 12 months from the date of allotment. No exit load applies if the units are redeemed or switched out after 12 months from the date of allotment.

  1. LIC MF Nifty Next 50 Index Fund

The LIC MF Nifty Next 50 Index Fund is an open-ended equity scheme replicating/tracking the Nifty Next 50 Index. The fund aims to provide returns that closely correspond to the total returns of the Nifty Next 50 Index, subject to tracking errors. The fund is managed by Sumit Bhatnagar. The scheme applies an exit load of 1% if the units are redeemed or switched out within 15 days from the date of allotment. No exit load applies if the units are redeemed or switched out after 15 days from the date of allotment.

  1. LIC MF Large & Midcap Fund

The LIC MF Large & Midcap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The fund aims to provide long-term capital appreciation by capturing growth opportunities across established large-cap companies and emerging mid-cap companies. The fund is managed by Yogesh Patil and Dikshit Mittal and is benchmarked against the NIFTY LargeMidcap 250 Total Return Index. The scheme allows 12% of the units allotted to be redeemed or switched out without any exit load on or before completion of 90 days from the date of allotment. An exit load of 1% is applicable if the units are redeemed or switched out beyond the free limit but on or before completion of 90 days. No exit load applies if the units are redeemed or switched out after 90 days from the date of allotment.

  1. LIC MF ELSS Tax Saver Fund

The LIC MF ELSS Tax Saver Fund is an open-ended equity-linked savings scheme (ELSS) that provides tax benefits under Section 80C of the Income Tax Act. The fund aims to generate long-term capital appreciation by investing in equity and equity-related securities while offering investors tax-saving benefits. The fund is managed by Yogesh Patil and Dikshit Mittal and is benchmarked against the NIFTY 500 Total Return Index. As per standard ELSS guidelines, no exit load is applicable due to the mandatory three-year lock-in period.

  1. LIC MF Value Fund

The LIC MF Value Fund is an open-ended equity scheme following a value investment strategy. The fund aims to generate long-term capital appreciation by investing in stocks that are currently undervalued relative to their intrinsic worth. The fund is managed by Nikhil Rungta and Mahesh Bendre and is benchmarked against the NIFTY 500 Total Return Index. The scheme applies an exit load of 1% if the units are redeemed or switched out within 12 months from the date of allotment. No exit load applies if the units are redeemed or switched out after 12 months from the date of allotment.

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LIC Mutual Fund FAQs

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.
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.
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.
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.
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.
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