HomeMutual FundsAMCLIC Mutual Fund
LIC Mutual Fund

LIC Mutual Fund

AUM

- Cr

Funds Managed

-

AMC Age

-

LIC Funds

Returns on LIC Mutual Fund

Total Investment

1,20,000

Gain

40,000

Current Value

1,60,000

You have invested

Check the Returns of Your Investment in

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.
  • 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.
  • 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.
  • Stocks are chosen based on a risk-weighted methodology and analyzed for fundamentals, ESG, and market conditions. The portfolio is rebalanced semi-annually.
  • 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
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.
  • 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.
  • 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.
  • Stocks are chosen based on a risk-weighted methodology and analyzed for fundamentals, ESG, and market conditions. The portfolio is rebalanced semi-annually.
  • 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
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.

AMC Information

canara roboto

-


Funds Managed

-


Assets Managed

- Cr

Contact Details

globe   -
twitter   @-
phone   -

Registered Address

locate

-


Other Popular AMCs in India


Explore All Mutual Funds



Invest in Direct Mutual Funds at

0% Commission!

Start with SIP or Lumpsum. Choose from 1000+ direct mutual funds.


border

Explore

*All securities mentioned on this website are exemplary and not recommendatory.

We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

©2021-2024 Moneylicious Securities Private Limited. All rights reserved. CIN - U74999WB2012PTC184187 Moneylicious Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered Office: Office No. 14D, 4th Floor, Shri Krishna Chambers, 78, Bentick Street, Kolkata - 700001, West Bengal, India.
Corporate Office: A-302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India. Land Line: 022-43116666.


For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Moneylicious Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.


Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances


Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit


Attention investors:

  1. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
  2. Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

Note: As a policy we do not give stock tips or recommendations and have not authorized anyone to give this on behalf of us. If you know anyone claiming to be a part of Dhan / Moneylicious / Raise or our associate companies or partners and offering such services, please report us on help@dhan.co. Important Information for Investors: To prevent unauthorized transactions in your trading / demat account, do not share your account details, credentials or any personal details with anyone. Keep your mobile number updated with your Stock Broker, Depository Participant and ensure that the same is registered with Stock Exchanges, Depository and KRAs. You will receive alerts and information on your registered mobile number / email for debit and other important transactions in your demat account directly from CDSL / Exchange on the same day. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Stock Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. This is issued in the interest of investors.


Moneylicious Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account.


Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/


Download client registration documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in vernacular language: BSE | NSE | MCX


Kindly, read the Advisory Guidelines of BSE | NSE | MCX for investors as prescribed by the exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets


Important Links: SEBI | BSE | NSE | MCX | CDSL | SCORES | ODR Portal | Investor Charter for Stock Brokers | Investor Charter for DP | UCC Advisory | e-Voting for Shareholders

Important Information: Terms of Usage | Disclaimers | Privacy Policy | Grievances | Risk Management Policy | Risk Disclosure | Advertisement Disclaimer | Saarthi 2.0 Mobile App for Investors