LIC Mutual Fund
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Add to CartDisclaimer: Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
LIC Mutual Funds Overview
LIC Asset Management Company (AMC) was established in April 1989 and incorporated in April 1994. The company is part of the Life Insurance Corporation of India. In the early 2000s, LIC Mutual Funds consolidated its position in the market by maintaining high CRISIL ratings and building a strong investor base.
As of March 2024, LIC Mutual Funds has an Assets Under Management (AUM) of Rs 29,413.77 crores. As of March 24, LIC AMC offers 38 funds. These schemes are classified based on the asset class. For example, you will find index funds, equity schemes, hybrid, solution-oriented, and debt funds. At the end of the financial year 2022-23, LIC Mutual Funds' active portfolio was 5,80,842.
Let's move on to the shareholding pattern and other relevant details. In LIC AMC, LIC of India holds 44.61%, LIC Housing Finance Ltd. holds 33.52%, GIC Housing Finance holds 9.98%, and the remaining is held by Union Bank of India and IDBI Asset Management Limited. The Standard Chartered Bank is the fund accountant and custodian of the LIC AMC, while KFintech Limited is the registrar and transfer agent.
Mr Ravi Kumar Jha is AMC's chief executive officer and managing director.
- Trusted Brand: LIC is a trusted brand in India. The group has a long-standing history of 59 years in India's financial sector. This brings trust and reliability, drawing investors to LIC AMC because of their confidence in the legacy of the Life Insurance Corporation of India.
- Diverse Portfolio Options: LIC Mutual Funds offers schemes with different asset classes to align with investors' goals. You can invest in solution-oriented funds, index funds, pure equity, or debt-concentrated schemes.
- Expert Fund Managers: The company boasts a team of experienced fund managers who bring a wealth of knowledge and expertise. They manage assets across various market conditions and ensure the funds are well-positioned for potential growth.
- Tax Benefits: Investments made in specific LIC Mutual Fund schemes, like Equity-Linked Savings Schemes (ELSS), qualify for deductions under Section 80C of the Income Tax Act. That means you can claim a deduction of up to Rs 1.5 lakh from your taxable income for the amount invested in these funds.
- Risk Management: LIC fund managers follow a discretionary portfolio management approach. They focus on delivering risk-weighted returns through a quality and concentrated portfolio. The strategy combines active and passive stock selection processes.
- Regulatory Compliance: LIC AMC adheres to strict regulatory guidelines, which ensure transparency and fairness in all its operations. Even a minor change in its operations or scheme is immediately updated on the website, and the information is made available to the general public.
- Liquidity: Most of the mutual funds in LIC provide liquidity. That means you can redeem your units at your convenience, which is not always possible with other investment avenues like PPF
Returns from ELSS funds are also tax-free upon redemption up to Rs 1 lakh. Besides tax benefits, ELSS offers the potential for higher returns due to its investment in equity markets.
Stocks are chosen based on a risk-weighted methodology and analyzed for fundamentals, ESG, and market conditions. The portfolio is rebalanced semi-annually.
While investing in LIC mutual funds might be suitable, you should be cautious, especially when the market is unfavorable. Remember, the performance of any mutual fund scheme depends on market volatility, interest rates, global events, and macroeconomic and microeconomic parameters.
For example, considering equity-oriented schemes, if the government increases the borrowing rate, it will become tough for companies to raise funds and maintain operational efficiency. This will ultimately impact their performance and the return on the price chart, and as a result, your equity-weighted portfolio will perform poorly.
During economic uncertainty, investing in a balanced fund is recommended. Even if the equity portion is not providing promising returns, debt instruments can balance the returns. For conservative investors, for whom capital safety is a priority over aggressive returns, investing in debt funds is recommended. These funds invest in government securities like treasury bills and bonds, and the returns are unlikely to fluctuate in a volatile market.
Before investing in LIC mutual funds, analyze your objectives and ask yourself whether you are investing to meet short-term goals or secure your retirement or other long-term objectives. Next, understand your tolerance for market fluctuations. Once you have decided on that, review the scheme's historical returns, the fund manager's experience, the benchmark against which the scheme competes, and various financial metrics and ratios.
Why visit the branch office of LIC AMC and go through the heavy documentation process of making mutual fund investments when you can do that from your home? Dhan, an innovative investment and trading platform, allows you to invest in LIC schemes with just a few taps.
Let's take a look at the steps involved.
- Step 1: Open your smartphone, go to Google PlayStore or AppStore, search Dhan: Stock Market Trading App, and click 'Install.'
- Step 2: Share your mobile number and tap 'I'm Ready to Trade.' Enter One-Time Password (OTP) and click on 'Proceed Ahead.'
- Step 3: Share your email address and set and confirm your PIN for your account. Finish the KYC onboarding process by detailing your PAN, date of birth, and Aadhar number.
- Step 4: Once you are done with the onboarding process, locate and click on the 'Mutual Funds' section on the home page.
- Step 5: Review the list of schemes offered by LIC and choose the one that best suits your investment objective and risk tolerance.
- Step 6: Decide whether you want to make an investment via a Systematic Investment Plan (SIP) or a one-time lump sum contribution.
- Step 7: Input the amount you wish to invest in the chosen LIC mutual fund scheme. If you opt for an SIP, select the monthly date on which you want your investment debited.
- Step 8: Verify the transaction by entering the (OTP) sent to your registered mobile number.
- Step 9: Confirm all the details and complete your investment. You will get a confirmation of your investment in the best LIC mutual fund scheme.
- Step 10: You can now track your scheme's performance and compare it with other schemes within the same or different categories. You can also redeem units whenever you wish through the Dhan app.
Apart from the App, you can also invest in mutual funds from the Dhan platform. As mentioned, investment in LIC Mutual Fund is possible through the SIP and lump sum methods. In LIC SIP, you must pay a defined sum at regular intervals, such as monthly, quarterly, or semi-annually.
LIC SIP plans help grow your money through the power of rupee-cost averaging and compounding. If you wish to invest through a lump sum, you must make a one-time payment to the top LIC Mutual Fund scheme.
Since manually calculating the predictive returns of SIP investments is challenging, it is recommended to use a LIC SIP calculator You must provide your recurring investment amount, the rate of return you expect from your investment, and the tenure for which you wish to remain invested.
LIC Asset Management Company (AMC) was established in April 1989 and incorporated in April 1994. The company is part of the Life Insurance Corporation of India. In the early 2000s, LIC Mutual Funds consolidated its position in the market by maintaining high CRISIL ratings and building a strong investor base.
As of March 2024, LIC Mutual Funds has an Assets Under Management (AUM) of Rs 29,413.77 crores. As of March 24, LIC AMC offers 38 funds. These schemes are classified based on the asset class. For example, you will find index funds, equity schemes, hybrid, solution-oriented, and debt funds. At the end of the financial year 2022-23, LIC Mutual Funds' active portfolio was 5,80,842.
Let's move on to the shareholding pattern and other relevant details. In LIC AMC, LIC of India holds 44.61%, LIC Housing Finance Ltd. holds 33.52%, GIC Housing Finance holds 9.98%, and the remaining is held by Union Bank of India and IDBI Asset Management Limited. The Standard Chartered Bank is the fund accountant and custodian of the LIC AMC, while KFintech Limited is the registrar and transfer agent.
Mr Ravi Kumar Jha is AMC's chief executive officer and managing director.
- Trusted Brand: LIC is a trusted brand in India. The group has a long-standing history of 59 years in India's financial sector. This brings trust and reliability, drawing investors to LIC AMC because of their confidence in the legacy of the Life Insurance Corporation of India.
- Diverse Portfolio Options: LIC Mutual Funds offers schemes with different asset classes to align with investors' goals. You can invest in solution-oriented funds, index funds, pure equity, or debt-concentrated schemes.
- Expert Fund Managers: The company boasts a team of experienced fund managers who bring a wealth of knowledge and expertise. They manage assets across various market conditions and ensure the funds are well-positioned for potential growth.
- Tax Benefits: Investments made in specific LIC Mutual Fund schemes, like Equity-Linked Savings Schemes (ELSS), qualify for deductions under Section 80C of the Income Tax Act. That means you can claim a deduction of up to Rs 1.5 lakh from your taxable income for the amount invested in these funds.
- Risk Management: LIC fund managers follow a discretionary portfolio management approach. They focus on delivering risk-weighted returns through a quality and concentrated portfolio. The strategy combines active and passive stock selection processes.
- Regulatory Compliance: LIC AMC adheres to strict regulatory guidelines, which ensure transparency and fairness in all its operations. Even a minor change in its operations or scheme is immediately updated on the website, and the information is made available to the general public.
- Liquidity: Most of the mutual funds in LIC provide liquidity. That means you can redeem your units at your convenience, which is not always possible with other investment avenues like PPF
Returns from ELSS funds are also tax-free upon redemption up to Rs 1 lakh. Besides tax benefits, ELSS offers the potential for higher returns due to its investment in equity markets.
Stocks are chosen based on a risk-weighted methodology and analyzed for fundamentals, ESG, and market conditions. The portfolio is rebalanced semi-annually.
While investing in LIC mutual funds might be suitable, you should be cautious, especially when the market is unfavorable. Remember, the performance of any mutual fund scheme depends on market volatility, interest rates, global events, and macroeconomic and microeconomic parameters.
For example, considering equity-oriented schemes, if the government increases the borrowing rate, it will become tough for companies to raise funds and maintain operational efficiency. This will ultimately impact their performance and the return on the price chart, and as a result, your equity-weighted portfolio will perform poorly.
During economic uncertainty, investing in a balanced fund is recommended. Even if the equity portion is not providing promising returns, debt instruments can balance the returns. For conservative investors, for whom capital safety is a priority over aggressive returns, investing in debt funds is recommended. These funds invest in government securities like treasury bills and bonds, and the returns are unlikely to fluctuate in a volatile market.
Before investing in LIC mutual funds, analyze your objectives and ask yourself whether you are investing to meet short-term goals or secure your retirement or other long-term objectives. Next, understand your tolerance for market fluctuations. Once you have decided on that, review the scheme's historical returns, the fund manager's experience, the benchmark against which the scheme competes, and various financial metrics and ratios.
- Step 1: Open your smartphone, go to Google PlayStore or AppStore, search Dhan: Stock Market Trading App, and click 'Install.'
- Step 2: Share your mobile number and tap 'I'm Ready to Trade.' Enter One-Time Password (OTP) and click on 'Proceed Ahead.'
- Step 3: Share your email address and set and confirm your PIN for your account. Finish the KYC onboarding process by detailing your PAN, date of birth, and Aadhar number.
- Step 4: Once you are done with the onboarding process, locate and click on the 'Mutual Funds' section on the home page.
- Step 5: Review the list of schemes offered by LIC and choose the one that best suits your investment objective and risk tolerance.
- Step 6: Decide whether you want to make an investment via a Systematic Investment Plan (SIP) or a one-time lump sum contribution.
- Step 7: Input the amount you wish to invest in the chosen LIC mutual fund scheme. If you opt for an SIP, select the monthly date on which you want your investment debited.
- Step 8: Verify the transaction by entering the (OTP) sent to your registered mobile number.
- Step 9: Confirm all the details and complete your investment. You will get a confirmation of your investment in the best LIC mutual fund scheme.
- Step 10: You can now track your scheme's performance and compare it with other schemes within the same or different categories. You can also redeem units whenever you wish through the Dhan app.
Why visit the branch office of LIC AMC and go through the heavy documentation process of making mutual fund investments when you can do that from your home? Dhan, an innovative investment and trading platform, allows you to invest in LIC schemes with just a few taps.
Let's take a look at the steps involved.
Apart from the App, you can also invest in mutual funds from the Dhan platform. As mentioned, investment in LIC Mutual Fund is possible through the SIP and lump sum methods. In LIC SIP, you must pay a defined sum at regular intervals, such as monthly, quarterly, or semi-annually.
LIC SIP plans help grow your money through the power of rupee-cost averaging and compounding. If you wish to invest through a lump sum, you must make a one-time payment to the top LIC Mutual Fund scheme.
Since manually calculating the predictive returns of SIP investments is challenging, it is recommended to use a LIC SIP calculator You must provide your recurring investment amount, the rate of return you expect from your investment, and the tenure for which you wish to remain invested.
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