LIC Mutual Fund

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 help@scripbox.com. 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 Name	Type Of Fund	Number of Schemes
Yogesh Patil	Equity	10
Ritu Modi	Equity	8
Karan Doshi	Equity	3
Marzban Irani	Debt	11
Sanjay Pawar	Debt	2
Rahul Singh	Debt	4

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.

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