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LIC Mutual Fund

With an AUM of Rs 33,227 crores, LIC Mutual Fund offers 39 schemes across different categories including 16 equity, 11 debt, and 4 hybrid mutual funds. Know the LIC MF scheme details, historical returns, compare and invest in Best LIC Mutual Funds. Invest in mutual fund schemes that suit your investment objectives, risk level, and fund options.



₹ 33,228 Cr

Total AUM

  • Overview
  • All Schemes
  • Equity Funds
  • Debt Funds
  • Tax Saver
  • Hybrid
  • ISIN

LIC Mutual Fund Details

LIC Mutual Fund Asset Management Limited
₹ 33,227 Crores
20 April 1994
Incorporation Date
20 April 1994
Life Insurance Corporation of India
Mr Saravana Kumar A
Shri. Raj Kumar
Contact Number
Email Id
LIC Mutual Fund Trustee Private Limited
Office Address
4th Floor, Industrial Assurance Building, Opp. Church Gate Station, Mumbai- 400020

Best LIC Mutual Fund Schemes to Invest in 2024

Fund nameAUMNAV3Y Returns
LIC MF Medium to Long Duration Fund (G)
₹170.21 Cr₹66.304.9%
₹54.11 Cr₹19.1014.5%
LIC MF Infrastructure Fund (G)
₹333.24 Cr₹49.1637.6%
LIC MF Nifty 50 Index Fund (G)
₹295.41 Cr₹129.8514.4%
LIC MF Conservative Hybrid Fund (G)
₹50.79 Cr₹76.615.8%
LIC MF Nifty Next 50 Index fund (G)
₹84.08 Cr₹53.1222.4%
LIC MF Liquid Fund (G)
₹12741.15 Cr₹4402.125.7%
LIC MF Short Duration Fund (G)
₹105.92 Cr₹13.444.3%
LIC MF Aggressive Hybrid Fund (G)
₹518.38 Cr₹186.9413.1%
LIC MF Large Cap Fund (G)
₹1428.43 Cr₹53.3213.4%
LIC MF S & P BSE Sensex Index fund (G)
₹78.13 Cr₹144.6213.9%
LIC MF Low Duration Fund (G)
₹1486.89 Cr₹36.765.1%
LIC MF ELSS Tax Saver fund (G)
₹1064.38 Cr₹145.9817.9%
LIC MF Banking & Financial Services Fund (G)
₹285.19 Cr₹20.0615.6%
LIC MF Equity Savings fund (G)
₹16.24 Cr₹25.498.6%
LIC MF Large & Mid Cap fund (G)
₹2737.00 Cr₹37.6021.1%
LIC MF Value Fund (G)
₹111.60 Cr₹24.0419%
LIC MF Flexi Cap Fund (G)
₹989.06 Cr₹98.5717.1%
LIC MF Banking & PSU Fund (G)
₹1416.39 Cr₹31.984.9%
LIC MF Gilt Fund (G)
₹48.08 Cr₹55.654.6%

Know the latest NAV, Asset Under Management, and 3-year Return of Best LIC Mutual Funds. Invest in Scripbox Recommended High Return Mutual Funds Best Suited According To Your Investment Objectives.

Top LIC Mutual Fund Managers

Marzban Irani

Fund Manager

Pratik Shroff

Fund Manager

Sumit Bhatnagar

Fund Manager

Yogesh Patil

Fund Manager

Karan Doshi

Fund Manager

Rahul Singh

Fund Manager

Dikshit Mittal

Fund Manager

Jaiprakash Toshniwal

Fund Manager

How to Invest in LIC Mutual Funds?

Investing with Scripbox in mutual funds is a simple and easy process. One can invest in LIC mutual funds by following the steps below:

  • Go to Scripbox’s Website and Start the Investment Journey: Go to Scripbox’s main homepage click on ‘Let’s get started to see the list of investment options based on life goals. To start investing in mutual funds, select any one financial goal and click on ‘Continue’ to proceed with the investment.
  • Signup and Create an Account with Scripbox: The next step involves creating an account with Scripbox and logging in with the credentials. Then, choose any payment option from the available options, namely, ‘Every month SIP’ or ‘One-time’. Then, based on the cash flow, choose the payment option. Next, click on ‘See Recommended Funds’ to proceed with the investment.
  • Check and Change the Plan and Fund Allocation: In this step, you can check the mutual funds and the amount allocated to each fund. If you wish to change the investment amount or fund, click on ‘I want to change Funds/ Amount’. Then, to continue with the payment, click on ‘Next’.
  • Bank Details and Money Transfer: The last step before investing in mutual funds is to give bank account details and PAN details. Scripbox provides a secure environment, and the bank account information collected will only be used for investing and crediting the redemption proceeds.

KYC Required to Invest in LIC Mutual Fund

Know Your Customer (KYC) is a technique for identifying a customer. SEBI has mandated KYC requirements. Investors must be KYC compliant in order to invest in SEBI registered mutual funds. Identity information, residence, financial status, occupation, and demographic information will all be included on a KYC form.

Scripbox can help you with your KYC. Resident Indians and PIOs residing in India will require the following KYC documents: 

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

You can upload clear colour scanned copies of your KYC documents during the registration itself. Or,
If you are an existing Scripbox user, you can message on Scripbox’s WhatsApp number +91-8884448026 or email your KYC documents to [email protected]. Other users can send “Hi” on LIC Mutual Fund WhatsApp number 8976862090.

How to Download LIC Mutual Fund Investment Statement? 

The following steps help you download the LIC mutual fund investment statement using the Scripbox App: 

  • Using your credentials, download and log in to the Scripbox programme.
  • Select the ‘Investment History’ option from the ‘Profile’ menu.
  • Select ‘Email Me’. An email will be sent to your registered email address with a link to download your Scripbox Investment History. You can get the statement by clicking on the link.

The investment statement sheet includes the following details:

  • Orders Tab: It has the following information: folio number, investor name, fund name, amount invested, units allocated, NAV, STT and purpose.
  • Current Holding Tab: This section has the following details: fund name, number of units, the current value of the investment, folio number and purpose.

Top LIC Mutual Fund Managers

Fund Manager NameType Of FundNumber of Schemes
Yogesh PatilEquity10
Ritu ModiEquity8
Karan DoshiEquity3
Marzban IraniDebt11
Sanjay PawarDebt2
Rahul SinghDebt4

Explore: Fund Managers

Mr Yogesh Patil

Mr Patil joined LIC Mutual Fund in 2018 as a Fund Manager and is currently the Head of Equities. He has more than 16 years of experience in the Indian Equity Markets (both buy and sell-side). Before joining LIC, he was working with Canara Robeco Asset Management Company and Sahara Mutual Fund. During his stint at Canara AMC, his fund Canara Robeco Infrastructure Fund, ranked No. 1 by CRISIL for four quarters. Furthermore, Mr Patil holds an MBA degree in Finance from Symbiosis Institute of Business Management. 

Ms Ritu Modi

Ms Modi joined LIC in 2018 as an Equity Research Analyst. Currently, she is the Fund Manager at LIC AMC. She manages both active and passive mutual fund. Ms Modi has more than ten years of experience in equity research. She has strong stock-picking skills and also focused on understanding the evolution and competitive advantages of companies. Prior to joining LIC, she was working with Ambit Capital. Furthermore, Ms Modi holds an MBA in Finance from the University of Mumbai and a B.Com from Mulund College of Commerce.

Mr Karan Doshi

Mr Doshi joined LIC AMC in 2019. He is the Equity Research Analyst at the fund house. He has more than seven years of industry experience. His expertise lies in the Pharmaceuticals, Information Technology and Specialty Chemicals sectors. Before joining LIC, he was with Subhkam Ventures (I) Private Limited. Furthermore, Mr Doshi is an MBA Finance graduate from Guru Nanak Institute of Management Studies. Also, he holds and Bachelor of Engineering degree in Electronics and Telecommunication from K.J. Somaiya College of Engineering and Information Technology.

Mr Marzban Irani

Mr Irani is the Chief Investment Office – Debt at LIC Mutual Fund. He joined LIC in 2016 and has more than 21 years of debt markets experience. Before joining LIC, he was with DSP Investment Managers, TATA AMC, PNB MetLife India Insurance, and Mirae Asset Global Investments (India). Furthermore, Mr Irani holds a B.Com (H) degree from Mumbai University. He also holds a PGDBM from Chetna’s Institute of Management & Research, Mumbai.

Mr Sanjay Pawar

Mr Pawar joined LIC in 2017. He is currently the Fund Manager – Fixed Income. He brings more than 13 years of rich experience across fixed income markets – investment, broking, analyst and fund management. Moreover, he is well versed with corporate bond & government securities, liquidity management & trading in the money market. Also, his expertise is in the valuations of corporate bonds, government securities, treasury bills and state development loans. Furthermore, he is proficient in managing overall scheme operations, including Cash Flow Management, Debt Investments, Trade Settlements, Redemptions, Investment Valuations.

Before joining LIC, he was with Taurus Mutual Funds, Edelweiss Securities, CRISIL Ltd., and ICAP. He holds an MBA degree in Finance and Financial Management Services from Bharati Vidyapeeth Institute of Management Studies and Research.

Mr Rahul Singh

Mr Singh is the Fund Manager – Fixed Income at LIC AMC. He has more than 15 years of industry experience. Before joining LIC, he was with BOI AXA, ING Investment Management, Standard Chartered Bank and Ashika Capital. Furthermore, Mr Singh holds a PGDM from IIM Ahmedabad and also B.Sc Economics Honours degree.

Frequently Asked Questions

Is LIC mutual fund good?

LIC Mutual Fund was established in 1989 by LIC of India, India’s most trusted brand. The fund house is emerging as one of the most trusted fund managers due to its high standards of financial ethics and corporate governance. It strives to create value for its investors by adopting innovative strategies for investment as well as giving an excellent service experience.

Which is the best LIC Mutual Fund?

Investors need to understand that one fund doesn’t suit all investors. LIC has over 15+ funds catering to multiple investor needs. Therefore, investors need to pick the right fund for investment rather than the best fund. The right fund can be picked by aligning investor goals with fund objectives.

How can I start SIP in LIC Mutual Fund Online?

One can invest in LIC Mutual Fund online directly through Scripbox. Alternatively, they can invest in LIC Mutual Fund through the fund houses’ website. Moreover, they can also invest in LIC Mutual Fund through any other online platform or mobile application.

How to stop sip in LIC Mutual Fund online?

One can stop their SIP in LIC Mutual Fund online by directly visiting the LIC Mutual Fund website, logging in with the folio number, and stopping the SIP. Alternatively, they can also log in to the platform where they started the LIC Mutual Fund investment and stop the SIP.

How to withdraw from LIC Mutual Fund?

To withdraw money from LIC Mutual Fund, one can visit the nearest LIC Mutual Fund office and submit a form. Alternatively, they can visit the LIC Mutual Fund website and redeem the investment by logging in with the folio number. They can also withdraw their LIC Mutual Fund investments from any online portal where they first invested.

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