Top 10 Lic Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
LIC MF Large & Mid Cap FundEquityHigh-4.1%star505
LIC MF Tax PlanEquityModerately High-2.0%star229
LIC MF Index Fund - Sensex PlanOthersModerately High-2.1%star20
LIC MF Liquid FundDebtLow7.4%star8,009
LIC MF Banking & PSU Debt FundDebtModerate11.4%star515
LIC MF Banking & Financial Services FundEquityHigh-1.5%star61
LIC MF Savings FundDebtModerately Low4.3%star1,224
LIC MF Multi Cap FundEquityModerately High-0.1%star285
LIC MF Index Fund - Nifty PlanOthersModerately High-3.9%star28
LIC MF Large Cap FundEquityModerately High-1.7%star291
LIC MF G Sec FundDebtModerate16.8%star50
LIC MF Liquid FundDebtLow7.3%star8,009
LIC MF Tax PlanEquityModerately High-3.1%star229
LIC MF Equity Hybrid FundHybridModerately High5.0%star358
LIC MF Large & Mid Cap FundEquityHigh-5.2%star505
View All Top 10 Lic Mutual Funds

LIC Mutual Fund

One of the most recognised and trusted players in the asset management market, LIC Mutual Fund is an associate company of Life Insurance Corporation of India. The AMC was established on April 1989 and had maintained an above average CRISIL rating and high investor affiliation for the past 30 years.

LIC Mutual Funds currently operate with funds worth Rs. 289.57 Crore. Currently, it offers 22 different schemes catering to investors of varied risk appetites. It has 90.06% investment in the Indian Stock market, of which 87.62% is in large-cap stocks, and 2.43% is in mid-cap stocks.

LIC AMC recorded a CAGR of 14.56% in the last 3 fiscal years, making it one of the most preferred large and mid-cap mutual funds amongst investors. Customers can also avail tax benefits from LIC MF Tax Plans, both of which are ELSS based investment options.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

LIC MF Large & Mid Cap Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 11.1% annualized returns in the last 3 years. In the last 1 year, it gave -4.07% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.07% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date25 Feb 2015
Min Investment AmtNaN
Groww Ratingstar
AUM505Cr
1Y Returns-4.1%

LIC MF Tax Direct Plan - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 9.52% annualized returns in the last 3 years. In the last 1 year, it gave -1.98% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.98% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM229Cr
1Y Returns-2.0%

LIC MF Index Sensex Fund Direct -Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 9.53% annualized returns in the last 3 years. In the last 1 year, it gave -2.07% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.07% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Others mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM20Cr
1Y Returns-2.1%

LIC MF Liquid Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.14% annualized returns in the last 3 years. In the last 1 year, it gave 7.4% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.4% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Singh

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM8,009Cr
1Y Returns7.4%

LIC MF Banking & PSU Debt Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Banking & PSU segment and provided 8.58% annualized returns in the last 3 years. In the last 1 year, it gave 11.45% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.45% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Marzban Irani

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM515Cr
1Y Returns11.4%

LIC MF Banking & Financial Services Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 4.67% annualized returns in the last 3 years. In the last 1 year, it gave -1.49% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.49% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date27 Mar 2015
Min Investment AmtNaN
Groww Ratingstar
AUM61Cr
1Y Returns-1.5%

LIC MF Savings Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 6.51% annualized returns in the last 3 years. In the last 1 year, it gave 4.28% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.28% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Singh

Launch Date02 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM1,224Cr
1Y Returns4.3%

LIC MF Multicap Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 4.81% annualized returns in the last 3 years. In the last 1 year, it gave -0.1% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.1% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM285Cr
1Y Returns-0.1%

LIC MF Index Nifty Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 7.99% annualized returns in the last 3 years. In the last 1 year, it gave -3.92% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.92% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Others mutual fund in India.

Fund Manager: Ramnath Venkateswaran

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM28Cr
1Y Returns-3.9%

LIC MF Large Cap Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 7.42% annualized returns in the last 3 years. In the last 1 year, it gave -1.72% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.72% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM291Cr
1Y Returns-1.7%

LIC MF Govt. Securities Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 9% annualized returns in the last 3 years. In the last 1 year, it gave 16.84% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 16.84% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Marzban Irani

Launch Date02 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM50Cr
1Y Returns16.8%

LIC MF Liquid Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 6.99% annualized returns in the last 3 years. In the last 1 year, it gave 7.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.25% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Singh

Launch Date11 Mar 2002
Min Investment AmtNaN
Groww Ratingstar
AUM8,009Cr
1Y Returns7.3%

LIC MF Tax Plan - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 8.28% annualized returns in the last 3 years. In the last 1 year, it gave -3.08% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.08% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date03 Feb 1999
Min Investment AmtNaN
Groww Ratingstar
AUM229Cr
1Y Returns-3.1%

LIC MF Equity Hybrid Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 6.68% annualized returns in the last 3 years. In the last 1 year, it gave 4.95% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.95% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Marzban Irani, Ramnath Venkateswaran

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM358Cr
1Y Returns5.0%

LIC MF Large & Mid Cap Fund Regular-Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 9.49% annualized returns in the last 3 years. In the last 1 year, it gave -5.19% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -5.19% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sachin Relekar

Launch Date25 Feb 2015
Min Investment AmtNaN
Groww Ratingstar
AUM505Cr
1Y Returns-5.2%

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How can you invest in LIC Mutual Funds?

<p><strong>LIC of India Mutual Fund</strong> offers its customers a hassle-free and quick online investment process. The steps are mentioned below:</p> <p>Step 1. Existing customers can log-in to their Groww account. New investors can register to utilise the facility of the service.</p> <p>Step 2. Customers will be asked to upload a Government sanctioned identity proof, like Aadhaar, Voter ID, Passport, PAN, etc.</p> <p>Step 3. They will also have to submit documents serving as proof of address. It is necessary under the KYC guidelines.</p> <p>Step 4. After the necessary details are submitted, investors can select a preferred investment period from the available options.</p> <p>Step 5. Select the investment plans as per risk appetite. They can choose between low, mid, or high-risk investments.</p> <p>Step 6. Select your choice of the <strong>best LIC Mutual Fund</strong> as the preferred investment option.</p> <p>Step 7. Now, the applicant will have the opportunity to select whether they want to invest via SIP through the “Start SIP” option or invest a lump sum amount through “Invest One Time” option.</p> <p>The purchased <strong>LIC new mutual fund</strong> will reflect in an investor’s Groww account within 3 to 4 business days.</p>

Top Fund Managers

<p style={{fontSize: 16}}><strong>1. Mr. Sachin Relekar</strong></p> <p>Mr. Sachin Relekar serves as the Fund Manager of LIC MF Tax Plan, an equity-based saving scheme offering tax benefits. He is an alumnus of Jamnalal Bajaj Institute of Management Studies, with more than 17 years of experience as an equity research analyst and business development.</p> <p>Mr. Sachin Relekar joined <strong>LIC Mutual Fund</strong> in 2012, before which he was associated with Tata Asset Management Limited from 2007. He started his carer at Tech Pacific India Pvt. Limited in 2003 for business development of IT products.</p> <p>Mr. Relekar currently handles Rs. 227 Crore in equity and debt-based investments.</p> <p style={{fontSize: 16}}><strong>2. Mr. Marzban Irani</strong></p> <p>Mr. Marzban Irani has over 19 years of experience as a Fund Manager at various Tier-I financial institutions across the country. Currently, he oversees the debt portfolio as the Fund Manager of LIC MF.</p> <p>Mr. Irani has a Post Graduate Diploma in Business Management, which propelled him into a career as a Fund Manager at Tata Asset Management Ltd. from 2000 to 2007. He shifted to Mirae Asset Management Ltd., undertaking the same role in 2008. Marzban Irani also worked with MetLife Insurance as Chief Manager till 2011.</p> <p>Mr. Marzban Irani oversees investment options like LIC MF Bond Fund. It has maintained a CRISIL rank of 4 starts in the previous fiscal year, handling a fund of Rs. 265.96 Crore and a 1.07% expense ratio.</p> <p style={{fontSize: 16}}><strong>3. Mr. Rahul Singh</strong></p> <p>Mr. Rahul Singh is an alumnus of IIM Lucknow, with 23 years of experience behind him. He has been associated with Tata Asset Management as Chief Investment Officer of Equities and with Ampersand Capital as Managing Partner. Prior to that, he worked with Standard Chartered Securities and Citigroup Global Markets India as a business development lead and asset manager.</p> <p>Mr. Singh oversees <strong>LIC Mutual Funds</strong> Liquid Fund scheme. He handles funds of Rs. 8801.21 Crore including G-Sec Long Term ETF and Series 1,2, and 3 CPOF.</p> <p style={{fontSize: 16}}><strong>4. Yogesh Patil</strong></p> <p>Mr. Yogesh Patil was appointed as the Fund Manager for LIC MF Multicap Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex, LIC MF Index Nifty, LIC MF Equity Hybrid Fund, LIC MF Debt Hybrid Fund and LIC MF Children’s Gift Fund on October 2018. He is one of the leading names in capital marketing, with over 16 years of experience in the Indian Equity Market.</p> <p>Mr. Yogesh Patil completed his Master of Business Administration in 2001 from Symbiosis Institute of Business Management. He launched his career at Sahara Mutual Funds as an equity research analyst in 2006. In 2009, he shifted to Canara Robeco Asset Management Company Limited as an Analyst.</p> <p>In 2018, Mr. Patil left Canara Robeco Asset Management Company Limited after working as a Senior Fund Manager (Equity). Currently, he handles Rs. 160.1 Crore as the Fund Manager for LIC MF Arbitrage Fund.</p> <p style={{fontSize: 16}}><strong>5. Saravana Kumar Ananthan</strong></p> <p>Mr. Saravana Kumar Ananthan is the Chief Investment Officer at <strong>LIC Mutual Funds</strong>. He oversees LIC MF Equity, LIC MF Balanced, LIC MF MIP, LIC MF Children’s Gift Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex and LIC MF Index Nifty. He is an MBA in Finance from the Indian Institute of Management and has completed CAIIB from the Indian Institute of Bankers.</p> <p>Mr. Saravana Kumar was associated with companies like Trust Investment Advisors Pvt Ltd., Tata AIA Life Insurance, ICICI Bank, SBI Mutual Funds, and UTI Mutual Funds. He has over 25 years of experience with him in the sector of investment management. He also completed Management Development Programme on Financial Markets at Merrill Lynch New York in 2007 and has worked as a guest faculty of the Institute of Financial Management Research.</p> <p style={{fontSize: 16}}><strong>6. Shri Raj Kumar</strong></p> <p>Shri Raj Kumar joined as a whole time director for LIC MF in April 2017. A veteran of the industry market, Raj Kumar has more than 32 years of experience behind him and climbed the ranks in Life Insurance Corporation of India from being a zonal manager of Bhopal to the director of operations.</p> <p>Mr. Kumar will handle assets of over Rs. 24,475 Crore as of March 31st. LIC mutual fund is presently listed as number 17th in the industry thanks to the careful handling of its different operations.</p> <p>Shri Raj Kumar is in charge of Equity Funds, Debt Funds, Hybrid Funds, Solution Oriented Funds, ETFs & Index Funds of the organisation.</p>

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