LIC Mutual Fund Asset Management Limited Mutual Funds Investments

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We have listed various Mutual Fund schemes across different asset classes along with the necessary information to help you make an informed decision. You can filter as per the funds based on the categories of mutual funds. The screener will help you analyze the funds on parameters like fund type, AUM, minimum amount, age, and returns.

About LIC Mutual Fund

LIC Mutual Fund was established on 20th April 1989 by LIC India. LIC India is India's most trusted and premium brands. As part of LIC India, LIC Mutual Fund is one of the well-known players in the Asset Management sector.

LIC Mutual Fund is emerging as one of the most preferred investment fund houses. Their systematic investment discipline and high standards of financial ethics have led to their growth by leap and bounds.

LIC Mutual fund endeavours to create value for its investors. They plan to adopt innovative investment strategies to ensure good returns for its investors. At LIC Mutual Fund they believe in providing an investor-friendly service to its investors. 

LIC Mutual Fund offers a wide range of products in Equity, Debt and Hybrid segments. Their products are created to generate higher returns for their investors. LIC Mutual Fund offers more than 2500 Mutual Fund Schemes for all investment categories. They have their presence with more than 59 branches across the country. 

About LIC India

LIC India is a name synonym with trust in the financial market of the Country. It is one of India’s oldest Life Insurance Companies. 

LIC India or Life Insurance Corporation of India is an Indian State-owned insurance group. It is owned by the Government of India. LIC India was founded on 1st September 1956 when the Parliament of India passed the Life Insurance of India Act. The Act nationalized the insurance industry in India. 

However, over 245 insurance companies and provident societies were merged to create the state-owned LIC India.

LIC India has developed hopes to millions of lives and continues to do so every day. The Company today is one of the largest life insurers in the world. They have insured more than 250 million lives all across. This makes them one of the most respectable life insurance companies. 

How to Invest in LIC Mutual Funds via Scripbox

Invest online in LIC Mutual Fund house via Scripbox. It is an easy and convenient process. All you need to do is follow the few simple steps mentioned below:-

Step 1 - Firstly visit the Scripbox Website for a list of Investment Plans

  • On the Scripbox Homepage click on the “Let’s Get Started” button. This will unlock a list of investment options as per your life goal.
  • To start investing in Mutual Fund Scheme, pick any of the options best suited to your financial goal.
  • Click on “Continue” to proceed with Mutual Fund Investment

Step 2 – Secondly sign up to create an account

  • If you are an existing Scripbox member, Sign in with your details.
  • When you sign in, a list of different investment options will appear on your screen.
  • Scripbox allows investors to select the payment option. You can select "Every month SIP" or "One-time payment” option depending on your cash flow. The investment amount can be as per your financial goal and cash flow.
  • Click on the “See Recommended Funds" to proceed for investment.

Step 3 – Thirdly check the Plan and Fund Allocation

  • A list of mutual funds to invest online and the allocated amount for the selected plan is shown on this page. Read the details before proceeding ahead.
  • If you wish to change the fund or amount, you can do that by clicking on the option, "I want to change Funds/ Amount."
  • Now click on the "Next" button to make the payment.

Step 4 –  Lastly, Bank Details and Money Transfer

In the last step, you need to enter the bank account and PAN details. Scripbox provides a secure environment for payment. A bank account is used for investing and crediting the redemption proceeds only.

KYC Required To Invest In LIC Mutual Fund

KYC stands for “Know Your Customer”. It helps in identifying an investor through relevant documents. SEBI has prescribed certain guidelines for KYC. An investor has to fulfil the KYC procedure before investing in a SEBI registered mutual fund companies. A KYC form will include details of identity, address, financial status, occupation, and demographic information.

You can get your KYC done with Scripbox. The following KYC documents required by Resident Indians and PIO residing in India:

  • Photograph
  • Pan Card
  •  Address proof (Aadhar Card (Both Front & Back) / Driving License/ Passport/ Voter ID Card) 
  • KYC Authorisation Letter. (Please write on a paper that “I authorize Scripbox to do my mutual fund KYC” & sign below it)
  • Video Selfie: Record a video by facing the camera for 5 seconds.

One can upload the clear colour scanned copies of their KYC documents during the registration itself. Or. They could share your KYC documents at help@scripbox.com or WhatsApp it to us on +91-8884448026.

 

Top Mutual Funds of LIC Mutual Fund

The following table shows the top performing LIC Mutual Funds

Scheme Category  Asset Under Management (INR) 
LIC MF Banking and PSU Debt Fund Debt Rs 1,446.41cr
LIC MF Liquid Fund Debt Rs 7,502.22cr
LIC MF Large and Mid Cap Fund Equity Rs 661.85
LIC MF Savings Fund Debt Rs 682.62cr
LIC MF Equity Hybrid Fund Equity: Hybrid Rs 375.80cr
LIC MF Overnight Fund Debt: Overnight Rs 1,817.13cr

 

Top LIC Equity Mutual Funds

The following table shows the top LIC Equity Mutual Funds :

Scheme Category Asset Under Management (INR) 
LIC MF Multi Cap Fund Equity: Multi Cap Rs 277.20cr
LIC MF Large and Mid Cap Fund Equity: Large and Mid Cap Rs 661.85
LIC MF Banking and Financial Services Fund Equity: Banking and Financial Rs 45.16cr
LIC MF Large Cap Fund Equity: Large Cap Fund Rs 336cr
LIC MF Tax Plan Equity: ELSS Fund Rs 241.42cr
LIC MF Infrastructure Fund Equity: Infrastructure Rs 44.37cr

 

Top LIC Debt Funds 

The following table shows the top performing LIC Debt Funds :

Scheme Category  Asset Under Management (INR) 
LIC Short Term Debt Fund Debt: Short Term Fund Rs 287.75cr
LIC MF Overnight Fund Debt: Overnight Rs 1,817.13cr
LIC MF Ultra Short Term Fund Debt: Ultra Short Term Rs 33.26cr
LIC MF Bond Fund Debt Rs 179.57cr
LIC MF Liquid Fund Debt: Liquid Fund Rs 7,502.22cr
LIC MF Savings Fund Debt: Savings Fund Rs 682.62cr
LIC MF Banking and PSU Debt Fund Debt: Banking and PSU Rs 1,446.41cr
LIC G-Sec Fund Debt: Government Securities Rs 58.74cr

 

Top LIC Tax Saver Funds

The following table shows the top-performing LIC Tax Saver Funds :

Scheme Category AUM 
LIC MF Tax Plan Equity: ELSS Fund Rs 241.42cr

 

Top LIC Mutual Fund Hybrid Fund

The following table shows the top performing LIC Mutual Fund Hybrid Fund :

Scheme Category AUM 
LIC MF Unit Linked Insurance Scheme Equity: Hybrid Rs 264.27cr
LIC MF Equity Hybrid Fund Equity: Hybrid Rs 375.80cr
LIC MF Arbitrage Fund   Rs 61.64cr
LIC MF Debt Hybrid Fund Debt: Hybrid Fund Rs 64.18cr

 

Fund Managers of LIC Mutual Fund

Fund Managers are professionals who manage various assets. They help investors achieve their financial goals. They are the person who directs the fund management decisions.

Moreover, choosing an active fund manager for managing your investments is one of the most important things to do. 

Here is a list of top-performing Fund Managers of  LIC Mutual Fund. These funds managers are from Equity as well as Debt Schemes.

Equity Fund Managers

Mr Sachin Relekar

Mr Relekar is the Fund Manager- Equity at LIC Mutual Fund. He has an overall experience of 17 years in equity research and business development. His association with LIC Mutual Fund started in 2012.

Earlier, he was associated with Tata Asset Management Limited from 2007. He started his career also as Business Developer with Tech Pacific India Pvt. Ltd. 

Mr Relekar is an alumnus from Jamnalal Bajaj Institute of Management Studies.

At LIC Mutual Fund, he manages LIC Mf Tax Plan, an equity-based ELSS scheme that offers tax benefits. Mr Relekar currently manages an AUM of Rs. 227 cr in equity and debt-based investments.

Mrs Ritu Modi

Mrs Modi is the Fund Manager- Equity at LIC Mutual Fund. She has an overall 10 years of experience in the financial industry.

Earlier she worked with Ambit Capital as Research Analyst.

Academically, Mrs Modi is a B.Com graduate. In addition, Ashe has also done her MBA in finance.

At LIC Mutual Fund she manages an AUM of Rs. 383cr across 21 schemes.

Mr Yogesh Patil

Mr Patil is the Fund Manager- Equity at LIC Mutual Fund. He has over 16 years of experience in the Indian Equity Market.

Earlier he worked with many reputed firms in different capacities. Some of his associations are:

  • Canara Robeco Mutual Fund
  • Sahara Mutual Fund, and
  • Religare Enterprise Limited 

Mr Patil has been appointed at LIC Mutual Fund to manage funds like LIC MF Multi Cap Fund and LIC Mf Children's Gift Fund. He has also been instrumental in handling other funds like LIC MF Banking and Financial Services Fund and LIC MF Index Sensex Fund. Other Funds under his management are:

  • LIC MF Index Nifty Fund
  • LIC MF Equity Hybrid Fund, and LIC MF Hybrid Fund

Currently, at LIC Mutual Fund he manages a total AUM of Rs. 834cr across 20 schemes.

Mr Rahul Singh

Mr Singh is the Fund Manager- Debt at LIC Mutual Fund. He possesses an extensive experience of 24 years in the field of investment. 

Earlier, he worked with Tata Asset Management from October 2018 as the CIO- Equities and led the fund management and equity research team.

Academically, Mr  Singh is a Bachelor of Technology in Mechanical Engineering. In addition, he has also done his Master’s in Business Administration from IIM Lucknow.

Currently, at LIC Mutual Fund he manages a total AUM of Rs. 10,035cr across 11 schemes.

Debt Fund Managers

Mr Marzban Irani

Mr Irani is the Fund Manager- Debt at LIC Mutual Fund. He has over 19 years of extensive experience as a fund manager. He has worked with various Tier-I financial institutions of the Country.

Earlier, he worked with Tata Asset Management Ltd from 2000 to 2007. Later he joined Mirae Asset Management Ltd in 2008. He also worked with Metlife Insurance as Chief Manager till 2011.

Academically, Mr Irani has a Post Graduate Diploma in Business Management.

Currently, he handles funds like LIC MF Bond Fund. He manages an AUM of Rs. 265.96cr.

Key Information about LIC Mutual Fund Asset Management Company Limited

Mutual Fund LIC Mutual Fund
Asset Management Company LIC Asset Management Private Limited
Founded 20th April 1994
Incorporated  20th April 1994
Sponsors Life Insurance Corporation of India
Trustee LIC Mutual Fund Trustee Company Private Limited 
Chairman NA
MD/CEO Shri Raj Kumar
CIO Mr Saravana Kumar A
Investor Service Officer Mrs. Sonali Pandit
Compliance Officer Mayank Arora
Asset Managed Rs. 16623.64 cr

 

LIC Mutual Fund Contact Details

Auditors S R Batliboi LLP
custodians Standard Chartered Bank
Registrars M/s Karvy Computershare Private Limited
Address 4th Floor, Industrial Assurance Building,
Opp. Church Gate Station,
Mumbai-400020
Telephone Nos. 022 - 66016000
Fax Nos. 022 - 22843660 
Email cs.co@licmf.com
website https://www.licmf.com/