LIC Mutual Fund

Fund Name	Ratings	Risk	3Y Returns	AUM
LIC MF Infrastructure Fund Equity Sectoral / Thematic	0	Very High	33.75%	₹786.09 cr.
LIC MF Infrastructure Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	33.58%	₹786.09 cr.
LIC MF Infrastructure Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	33.58%	₹786.09 cr.
LIC MF Small Cap Fund Equity Small Cap Fund	2.5	Very High	26.1%	₹385.61 cr.
LIC MF Small Cap Fund Direct Plan IDCW Payout Equity Small Cap Fund	2.5	Very High	26.1%	₹385.61 cr.
LIC MF Small Cap Fund Direct Plan IDCW Reinvestment Equity Small Cap Fund	2.5	Very High	26.1%	₹385.61 cr.
LIC MF Dividend Yield Fund Equity Dividend Yield Fund	1.5	Very High	22.5%	₹437.39 cr.
LIC MF Dividend Yield Fund Direct Plan IDCW Payout Equity Dividend Yield Fund	1.5	Very High	22.49%	₹437.39 cr.
LIC MF Dividend Yield Fund Direct Plan IDCW Reinvestment Equity Dividend Yield Fund	1.5	Very High	22.49%	₹437.39 cr.
LIC MF Mid Cap Fund Equity Mid Cap Fund	0.5	Very High	20.34%	₹315.42 cr.
LIC MF Mid Cap Fund Direct Plan IDCW Payout Equity Mid Cap Fund	0.5	Very High	20.32%	₹315.42 cr.
LIC MF Mid Cap Fund Direct Plan IDCW Reinvestment Equity Mid Cap Fund	0.5	Very High	20.32%	₹315.42 cr.
LIC MF Long Term Value Fund Equity Value Fund	2	Very High	19.68%	₹138.11 cr.
LIC MF Value Fund Direct Plan IDCW Payout Equity Value Fund	2	Very High	19.65%	₹138.11 cr.
LIC MF Value Fund Direct Plan IDCW Reinvestment Equity Value Fund	2	Very High	19.65%	₹138.11 cr.
LIC MF Healthcare Fund Equity Sectoral / Thematic	0	Very High	19.39%	₹80.86 cr.
LIC MF Healthcare Fund Direct Plan IDCW Payout Equity Sectoral / Thematic	0	Very High	19.38%	₹80.86 cr.
LIC MF Healthcare Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	19.38%	₹80.86 cr.
LIC MF Nifty Next 50 Index Fund Other Index Fund	0	Very High	19.32%	₹94.37 cr.
LIC MF Nifty Next 50 Index Fund Direct Plan IDCW Payout Other Index Fund	0	Very High	19.32%	₹94.37 cr.
LIC MF Nifty Next 50 Index Fund Direct Plan IDCW Reinvestment Other Index Fund	0	Very High	19.32%	₹94.37 cr.
LIC MF Large and Mid Cap Fund Equity Large & Mid Cap Fund	2	Very High	18.85%	₹3,082.73 cr.
LIC MF Large and Mid Cap Fund Direct Plan IDCW Payout Equity Large & Mid Cap Fund	2	Very High	18.85%	₹3,082.73 cr.
LIC MF Large and Mid Cap Fund Direct Plan IDCW Reinvestment Equity Large & Mid Cap Fund	2	Very High	18.85%	₹3,082.73 cr.
LIC MF ELSS Tax Saver Equity ELSS	2.5	Very High	17.34%	₹1,139.84 cr.
LIC MF ELSS Tax Saver Direct Plan IDCW Payout Equity ELSS	2.5	Very High	16.65%	₹1,139.84 cr.
LIC MF Gold ETF Fund of Fund Other FoFs Domestic	0	High	16.36%	₹71.29 cr.
LIC MF Flexi Cap Fund Direct Plan IDCW Reinvestment Equity Flexi Cap Fund	2	Very High	16.08%	₹1,066.80 cr.
LIC MF Flexi Cap Fund Direct Plan IDCW Reinvestment Equity Flexi Cap Fund	2	Very High	16.08%	₹1,066.80 cr.
LIC MF Flexi Cap Fund Equity Flexi Cap Fund	2	Very High	15.9%	₹1,066.80 cr.
LIC MF Banking and Financial Services Fund Direct Plan IDCW Payout Equity Sectoral / Thematic	0	Very High	14.36%	₹261.14 cr.
LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	14.36%	₹261.14 cr.
LIC MF Children'S Gift Fund Solution Oriented Childrens Fund	1.5	Very High	13.56%	₹16.40 cr.
LIC MF Aggressive Hybrid Fund Hybrid Aggressive Hybrid Fund	1	Very High	13.05%	₹535.08 cr.
LIC MF Aggressive Hybrid Fund Direct Plan IDCW Payout Hybrid Aggressive Hybrid Fund	1	Very High	12.82%	₹535.08 cr.
LIC MF Aggressive Hybrid Fund Direct Plan IDCW Reinvestment Hybrid Aggressive Hybrid Fund	1	Very High	12.82%	₹535.08 cr.
LIC MF Nifty 50 Index Fund Direct Plan IDCW Reinvestment Other Index Fund	0	Very High	12.71%	₹318.97 cr.
LIC MF Nifty 50 Index Fund Direct Plan IDCW Reinvestment Other Index Fund	0	Very High	12.71%	₹318.97 cr.
LIC MF Nifty 50 Index Fund Other Index Fund	0	Very High	12.7%	₹318.97 cr.
LIC MF Focused 30 Equity Fund Equity Focused Fund	1	Very High	12.61%	₹142.70 cr.
LIC MF Focused Fund Direct Plan IDCW Reinvestment Equity Focused Fund	1	Very High	12.59%	₹142.70 cr.
LIC MF Focused Fund Direct Plan IDCW Payout Equity Focused Fund	1	Very High	12.59%	₹142.70 cr.
LIC MF Banking and Financial Services Fund Equity Sectoral / Thematic	0	Very High	12.58%	₹261.14 cr.
LIC MF Large Cap Fund Equity Large Cap Fund	0.5	Very High	12.29%	₹1,466.80 cr.
LIC MF Balanced Advantage Fund Hybrid Dynamic Asset Allocation or Balanced Advantage	0	Very High	12.18%	₹791.30 cr.
LIC MF Balanced Advantage Fund Direct Plan IDCW Payout Hybrid Dynamic Asset Allocation or Balanced Advantage	0	Very High	12.18%	₹791.30 cr.
LIC MF Balanced Advantage Fund Direct Plan IDCW Reinvestment Hybrid Dynamic Asset Allocation or Balanced Advantage	0	Very High	12.18%	₹791.30 cr.
LIC MF S and P BSE Sensex Index Fund Other Index Fund	0	Very High	12.14%	₹82.82 cr.
LIC MF BSE Sensex Index Fund Direct Plan IDCW Reinvestment Other Index Fund	0	Very High	12.13%	₹82.82 cr.
LIC MF BSE Sensex Index Fund Direct Plan IDCW Reinvestment Other Index Fund	0	Very High	12.13%	₹82.82 cr.
LIC MF Large Cap Fund Direct Plan IDCW Reinvestment Equity Large Cap Fund	0.5	Very High	11.58%	₹1,466.80 cr.
LIC MF Large Cap Fund Direct Plan IDCW Reinvestment Equity Large Cap Fund	0.5	Very High	11.58%	₹1,466.80 cr.
LIC MF Equity Savings Fund Hybrid Equity Savings	2.5	Moderately High	9.14%	₹20.27 cr.
LIC MF Equity Savings Fund Direct Plan Monthly IDCW Payout Hybrid Equity Savings	2.5	Moderately High	9.13%	₹20.27 cr.
LIC MF Equity Savings Fund Direct Plan Monthly IDCW Reinvestment Hybrid Equity Savings	2.5	Moderately High	9.13%	₹20.27 cr.
LIC MF Equity Savings Fund Direct Plan Quarterly IDCW Payout Hybrid Equity Savings	2.5	Moderately High	9.13%	₹20.27 cr.
LIC MF Equity Savings Fund Direct Plan Quarterly IDCW Reinvestment Hybrid Equity Savings	2.5	Moderately High	9.13%	₹20.27 cr.
LIC MF Conservative Hybrid Fund Direct Plan Yearly IDCW Reinvestment Hybrid Conservative Hybrid Fund	1.5	Moderately High	8.33%	₹50.19 cr.
LIC MF Conservative Hybrid Fund Direct Plan Yearly IDCW Reinvestment Hybrid Conservative Hybrid Fund	1.5	Moderately High	8.33%	₹50.19 cr.
LIC MF Medium To Long Duration Bond Fund Debt Medium to Long Duration Fund	2.5	Moderate	6.75%	₹180.02 cr.
LIC MF Medium To Long Duration Fund Direct Plan IDCW Payout Debt Medium to Long Duration Fund	2.5	Moderate	6.74%	₹180.02 cr.
LIC MF Medium To Long Duration Fund Direct Plan IDCW Reinvestment Debt Medium to Long Duration Fund	2.5	Moderate	6.74%	₹180.02 cr.
LIC MF Conservative Hybrid Fund Hybrid Conservative Hybrid Fund	1.5	Moderately High	6.69%	₹50.19 cr.
LIC MF Arbitrage Fund Hybrid Arbitrage Fund	2.5	Low	6.62%	₹206.22 cr.
LIC MF Arbitrage Fund Direct Plan Monthly IDCW Payout Hybrid Arbitrage Fund	2.5	Low	6.62%	₹206.22 cr.
LIC MF Arbitrage Fund Direct Plan Monthly IDCW Reinvestment Hybrid Arbitrage Fund	2.5	Low	6.62%	₹206.22 cr.
LIC MF Conservative Hybrid Fund Direct Plan Quarterly IDCW Reinvestment Hybrid Conservative Hybrid Fund	1.5	Moderately High	6.44%	₹50.19 cr.
LIC MF Conservative Hybrid Fund Direct Plan Quarterly IDCW Reinvestment Hybrid Conservative Hybrid Fund	1.5	Moderately High	6.44%	₹50.19 cr.
LIC MF Banking and PSU Fund Direct Plan Weekly IDCW Reinvestment Debt Banking and PSU Fund	1.5	Moderate	6.4%	₹1,874.74 cr.
LIC MF Banking and PSU Fund Direct Plan Weekly IDCW Reinvestment Debt Banking and PSU Fund	1.5	Moderate	6.4%	₹1,874.74 cr.
LIC MF Low Duration Fund Debt Low Duration Fund	2.5	Moderately Low	6.38%	₹1,631.93 cr.
LIC MF Low Duration Fund Direct Plan Monthly IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	6.37%	₹1,631.93 cr.
LIC MF Low Duration Fund Direct Plan Monthly IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	6.37%	₹1,631.93 cr.
LIC MF Liquid Fund Debt Liquid Fund	2	Moderately Low	6.37%	₹10,690.10 cr.
LIC MF Low Duration Fund Direct Plan Weekly IDCW Payout Debt Low Duration Fund	2.5	Moderately Low	6.37%	₹1,631.93 cr.
LIC MF Low Duration Fund Direct Plan Weekly IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	6.37%	₹1,631.93 cr.
LIC MF Liquid Fund Direct Plan Daily IDCW Reinvestment Debt Liquid Fund	2	Moderately Low	6.32%	₹10,690.10 cr.
LIC MF Liquid Fund Direct Plan Daily IDCW Reinvestment Debt Liquid Fund	2	Moderately Low	6.32%	₹10,690.10 cr.
LIC MF Conservative Hybrid Fund Direct Plan Monthly IDCW Reinvestment Hybrid Conservative Hybrid Fund	1.5	Moderately High	6.28%	₹50.19 cr.
LIC MF Conservative Hybrid Fund Direct Plan Monthly IDCW Reinvestment Hybrid Conservative Hybrid Fund	1.5	Moderately High	6.28%	₹50.19 cr.
LIC MF Banking and PSU Debt Fund Debt Banking and PSU Fund	1.5	Moderate	6.26%	₹1,874.74 cr.
LIC MF Banking and PSU Fund Direct Plan Monthly IDCW Reinvestment Debt Banking and PSU Fund	1.5	Moderate	6.26%	₹1,874.74 cr.
LIC MF Banking and PSU Fund Direct Plan Monthly IDCW Reinvestment Debt Banking and PSU Fund	1.5	Moderate	6.26%	₹1,874.74 cr.
LIC MF Low Duration Fund Direct Plan Growth Debt Low Duration Fund	2.5	Moderately Low	6.25%	₹1,494.13 cr.
LIC MF Gilt Fund Debt Gilt Fund	2	Moderately Low	6.24%	₹92.51 cr.
LIC MF Low Duration Fund Direct Plan Monthly IDCW Payout Debt Low Duration Fund	2.5	Moderately Low	6.24%	₹1,494.13 cr.
LIC MF Low Duration Fund Direct Plan Monthly IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	6.24%	₹1,494.13 cr.
LIC MF Ultra Short Duration Fund Debt Ultra Short Duration Fund	2.5	Low	6.22%	₹246.19 cr.
LIC MF Gilt Fund Direct Plan IDCW Reinvestment Debt Gilt Fund	2	Moderately Low	6.22%	₹92.51 cr.
LIC MF Gilt Fund Direct Plan IDCW Reinvestment Debt Gilt Fund	2	Moderately Low	6.22%	₹92.51 cr.
LIC MF Short Duration Fund Direct Plan IDCW Payout Debt Short Duration Fund	1.5	Moderate	6.16%	₹109.13 cr.
LIC MF Short Duration Fund Direct Plan IDCW Reinvestment Debt Short Duration Fund	1.5	Moderate	6.16%	₹109.13 cr.
LIC MF Short Duration Fund Debt Short Duration Fund	1.5	Moderate	6.16%	₹109.13 cr.
LIC MF Low Duration Fund Direct Plan Daily IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	6.05%	₹1,631.93 cr.
LIC MF Low Duration Fund Direct Plan Daily IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	6.05%	₹1,631.93 cr.
LIC MF Ultra Short Duration Fund Direct Plan Monthly IDCW Reinvestment Debt Ultra Short Duration Fund	2.5	Low	6.04%	₹246.19 cr.
LIC MF Ultra Short Duration Fund Direct Plan Monthly IDCW Payout Debt Ultra Short Duration Fund	2.5	Low	6.04%	₹246.19 cr.
LIC MF Banking and PSU Fund Direct Plan Daily IDCW Reinvestment Debt Banking and PSU Fund	1.5	Moderate	5.99%	₹1,874.74 cr.
LIC MF Banking and PSU Fund Direct Plan Daily IDCW Reinvestment Debt Banking and PSU Fund	1.5	Moderate	5.99%	₹1,874.74 cr.
LIC MF Overnight Fund Direct Plan IDCW Payout Debt Overnight Fund	2	Moderately Low	5.95%	₹599.64 cr.
LIC MF Overnight Fund Direct Plan IDCW Reinvestment Debt Overnight Fund	2	Moderately Low	5.95%	₹599.64 cr.
LIC MF Overnight Fund Debt Overnight Fund	2	Moderately Low	5.95%	₹599.64 cr.
LIC MF Low Duration Fund Direct Plan Daily IDCW Payout Debt Low Duration Fund	2.5	Moderately Low	5.94%	₹1,494.13 cr.
LIC MF Low Duration Fund Direct Plan Daily IDCW Reinvestment Debt Low Duration Fund	2.5	Moderately Low	5.94%	₹1,494.13 cr.
LIC MF Manufacturing Fund Direct Plan Growth Equity Sectoral / Thematic	0	Very High	0%	₹908.77 cr.
LIC MF Liquid Fund Direct Plan Monthly IDCW Reinvestment Debt Liquid Fund	3.5	Moderately Low	0%	₹10,690.10 cr.
LIC MF Liquid Fund Direct Plan Weekly IDCW Payout Debt Liquid Fund	3.5	Moderately Low	0%	₹10,690.10 cr.
LIC MF Manufacturing Fund Direct Plan IDCW Payout Equity Sectoral / Thematic	0	Very High	0%	₹908.77 cr.
LIC MF Liquid Fund Direct Plan Weekly IDCW Reinvestment Debt Liquid Fund	3.5	Moderately Low	0%	₹10,690.10 cr.
LIC MF Nifty Midcap 100 ETF Other ETFs Fund	0	Very High	0%	₹743.77 cr.
LIC MF Manufacturing Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	0%	₹908.77 cr.
LIC MF Short Duration Fund Direct Plan Monthly IDCW Payout Debt Short Duration Fund	3.5	Moderate	0%	₹109.13 cr.
LIC MF Short Duration Fund Direct Plan Weekly IDCW Reinvestment Debt Short Duration Fund	3.5	Moderate	0%	₹109.13 cr.
LIC MF Money Market Fund Debt Money Market Fund	0	Moderately Low	0%	₹23.97 cr.
LIC MF Medium To Long Duration Fund Direct Plan Quarterly IDCW Payout Debt Medium to Long Duration Fund	2.5	Moderate	0%	₹180.02 cr.
LIC MF Money Market Fund Direct Plan IDCW Payout Debt Money Market Fund	0	Moderately Low	0%	₹23.97 cr.
LIC MF Medium To Long Duration Fund Direct Plan Annual IDCW Payout Debt Medium to Long Duration Fund	2.5	Moderate	0%	₹180.02 cr.
LIC MF Short Duration Fund Direct Plan Monthly IDCW Reinvestment Debt Short Duration Fund	3.5	Moderate	0%	₹109.13 cr.
LIC MF Money Market Fund Direct Plan IDCW Reinvestment Debt Money Market Fund	0	Moderately Low	0%	₹23.97 cr.
LIC MF Liquid Fund Direct Plan Monthly IDCW Payout Debt Liquid Fund	3.5	Moderately Low	0%	₹10,690.10 cr.
LIC MF Multi Cap Fund Equity Multi Cap Fund	0	Very High	0%	₹1,349.65 cr.
LIC MF Medium To Long Duration Fund Direct Plan Annual IDCW Reinvestment Debt Medium to Long Duration Fund	2.5	Moderate	0%	₹180.02 cr.
LIC MF Multi Cap Fund Direct Plan IDCW Payout Equity Multi Cap Fund	0	Very High	0%	₹1,349.65 cr.
LIC MF Multi Cap Fund Direct Plan IDCW Reinvestment Equity Multi Cap Fund	0	Very High	0%	₹1,349.65 cr.
LIC MF Short Duration Fund Direct Plan Weekly IDCW Payout Debt Short Duration Fund	3.5	Moderate	0%	₹109.13 cr.
LIC MF Medium To Long Duration Fund Direct Plan Quarterly IDCW Reinvestment Debt Medium to Long Duration Fund	2.5	Moderate	0%	₹180.02 cr.

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

Rahul Singh

Fund Manager since Sep 2015 (9 years)

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Rahul Singh did his MBA from Indian Institute of Management, Ahmedabad. Before joining LIC Asset Managers, he worked at Ashika Capital Ltd and AXA Investment Managers. Currently, he is the VP and Senior Fund Manager - Fixed Income at LIC Asset Managers.

Sumit Bhatnagar

Fund Manager since Nov 2019 (5 years)

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Sumit Bhatnagar did his MBA in Investment Management from the University of Toronto. He started his career as an Assistant Manager at Cosmos Bank and later on worked at IDBI Bank, SEBI and then moved to Indiabulls AMC as a Research Analyst.

Yogesh Patil

Fund Manager since Mar 2013 (11 years)

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Yogesh Patil did his MBA (Finance) from Symbiosis Institute of Business Management, Pune. He worked at various firms including Sahara Mutual Fund, Canara Robeco Asset Management Company before joining LIC Mutual Fund. Currently, he is the Chief Investment Officer(Equity).

Marzban Irani

Fund Manager since Aug 2016 (8 years)

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Marzban Irani did his PGDBM from Chetna's Institute of Management & Research, Mumbai. Before joining LIC Mutual Fund as a Chief Investment Officer - Debt, he worked at various firms including Mirae Asset Global Investments, PNB MetLife India Insurance and TATA Asset Management.

Rupali Pandit

Fund Manager since Oct 2018 (6 years)

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Ms. Rupali Pandit, currently at IDBI Asset Management Ltd., has 22 years of experience in Equity Markets. Previously, she served as an Equity Dealer at Principal Mutual Fund, with past roles at ABN Amro Mutual Fund, IL&FS Mutual Fund, and GIC Mutual Fund. Her deep industry knowledge is rooted in extensive practical experience.

Bhupesh Kalyani

Fund Manager since Feb 2017 (7 years)

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Mr. Kalyani, a Chartered Accountant (CA), Certified Information Systems Auditor (CISA), and Cost & Works Accountant (ICWA), is currently a fund manager at PGIM India Mutual Fund. He brings extensive experience from previous roles at IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund, and Star Union Dai-ichi Life Insurance Co. Ltd.

Raju Sharma

Fund Manager since May 2017 (7 years)

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Mr. Raju Sharma, aged 54, is the Head of Fixed Income and a Fund Manager at IDBI Mutual Fund. He holds degrees in B.Com, CA, and LLB (General). With 31 years of experience in the financial services industry, he has previously worked at Tata Mutual Fund, Indiabulls Mutual Fund, and JM Morgan Stanley.

Alok Ranjan

Fund Manager since Feb 2019 (5 years)

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Mr. Alok Ranjan holds an MBA in Finance and a BSc in Physics (Honors). With 25 years of experience in equity research and fund management, he currently serves as a Fund Manager at IDBI Asset Management Limited. His prior roles include Vice President of Research at Religare and First Global.

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:

PAN Card Details (Compulsory)
Personal Information, including Full Name, Mobile Number, and Email Address
Address Proof, with Aadhar Card being the recommended choice, encompassing both its front and back sides.
Bank Account Details, along with a cancelled cheque, if requested.
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

Name of the Fund	Sub Category	AUM (₹in crore)	Minimum Investment (₹)	CAGR 3Y (%)	CAGR 5Y (%)
LIC MF Small Cap Fund	Small Cap Fund	170.59	5,000	35.85	20.6
LIC MF Infra Fund	Sectoral Fund – Infrastructure	116.11	1,000	35.84	19.9
LIC MF Banking & Financial Services Fund	Sectoral Fund – Banks & Financial Services	284.1	3,000	26.3	14.59
LIC MF Midcap Fund	Mid Cap Fund	206.28	5,000	24.15	15.32
LIC MF Long Term Value Fund	Value Fund	96.11	1,000	23.12	13.96
LIC MF Large & Midcap Fund	Large & Mid Cap Fund	2197.93	1,000	22.35	16.33
LIC MF Dividend Yield Fund	Dividend Yield Fund	89.82	5,000	21.82	–
LIC MF ELSS	Equity Linked Savings Scheme (ELSS)	955.94	500	21.39	14.52
LIC MF Focused 30 Equity Fund	Focused Fund	128.72	5,000	20.49	13.27
LIC MF Nifty 50 Index Fund	Index Fund	225.28	5,000	20.41	13.18

**All data as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

LIC MF Small Cap Fund

This fund is categorised as a small cap fund, which primarily focuses on investing in stocks of small-cap companies. It currently manages Assets Under Management (AUM) of ₹170.59 crore. The expense ratio for this fund is 1.53%, indicating the annual expenses incurred by investors. Over the past 3 years, it has shown an average compound annual growth rate (CAGR) of 35.85%. The minimum investment amount for this fund is ₹5000.

LIC MF Infra Fund

LIC MF Infra Fund falls under the Sectoral Fund – Infrastructure category, focusing on investments in infrastructure-related sectors. The AUM for this fund is ₹116.11 crore, with an expense ratio of 1.47%. Over a 3-year period, it has delivered a CAGR of 35.84%. The minimum investment requirement for this fund is ₹1,000.

LIC MF Banking & Financial Services Fund

Categorised as a Sectoral Fund – Banks & Financial Services, this fund concentrates on investments in the banking and financial sectors. It manages an AUM of ₹284.1 crore and has an expense ratio of 1.54%. Over the last 3 years, it has provided an average CAGR of 26.3%. The minimum investment amount for this fund is ₹3,000.

LIC MF Midcap Fund

LIC MF Midcap Fund operates as a mid cap fund, focusing on mid-sized companies’ stocks. With an AUM of ₹206.28 crore and an expense ratio of 1.58%, it has delivered a 3-year CAGR of 24.15%. The minimum investment threshold for this fund is ₹5,000.

LIC MF Long Term Value Fund

This is a value fund aiming to invest in undervalued stocks for the long term. It manages an AUM of ₹96.11 crore and has an expense ratio of 1.62%. Over the past 3 years, it has shown a CAGR of 23.12%. The minimum investment amount for this fund is ₹1,000.

LIC MF Large and Midcap Fund

Falling under the large and mid cap fund category, this fund invests in both large and mid-sized company stocks. It manages an AUM of ₹2197.93 crore and has an expense ratio of 0.81%. Over a 3-year period, it has provided an average CAGR of 22.35%. The minimum investment required for this fund is ₹1,000.

LIC MF Dividend Yield Fund

This is a dividend yield fund, which focuses on stocks with a history of paying dividends. It manages an AUM of ₹89.82 crore and has an expense ratio of 1.45%. Over the last 3 years, it has delivered an average CAGR of 21.82%. The minimum investment amount for this fund is ₹5,000.

LIC MF ELSS

LIC MF ELSS is an Equity Linked Savings Scheme (ELSS) designed for tax-saving purposes. It manages an AUM of ₹955.94 crore and has an expense ratio of 1.29%. Over a 3-year period, it has shown an average CAGR of 21.39%. The minimum investment required for this fund is ₹500.

LIC MF Focused 30 Equity Fund

This is a focused fund that concentrates its investments in a limited number of carefully selected stocks. It manages an AUM of ₹128.72 crore and has an expense ratio of 1.57%. Over the past 3 years, it has provided an average CAGR of 20.49%. The minimum investment amount for this fund is ₹5,000.

LIC MF Nifty 50 Index Fund

LIC MF Nifty 50 Index Fund operates as an Index Fund, closely mirroring the performance of the Nifty 50 index. It manages an AUM of ₹225.28 crore and has an exceptionally low expense ratio of 0.2%. Over a 3-year period, it has delivered an average CAGR of 20.41%. The minimum investment required for this fund is ₹5,000.

Mutual Funds Calculators

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LIC Mutual Fund FAQs

How to start LIC Mutual Fund SIP online?

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.

Which scheme is the best in LIC Mutual Fund?

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.

How to redeem LIC Mutual Fund online?

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.

Are LIC Mutual Fund schemes tax-free?

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.

Who owns the LIC Mutual Fund?

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.

About LIC Mutual Fund

LIC Mutual Funds Key Information

LIC Mutual Fund Managers

How to Invest in LIC Mutual Fund via Angel One?

Documents Required To Invest in LIC Mutual Fund