LIC Mutual Fund
As your reliable partner, LIC Mutual Fund has been instrumental in providing innovative investment solutions.
History of LIC Mutual Fund
Founded with the vision of extending the benefits of investment to every household, LIC Mutual fund was started in the year 1989 by LIC of India. LIC holds 45% share in the fund house, 39.3% share is held by its subsidiary LIC Housing Finance Limited, 11.7% is held by GIC Housing Finance Limited and the rest 4% is held by UBI.
With the rich legacy of LIC behind their backs, LIC Mutual Fund quickly emerged as a strong player in the asset management ecosystem of India. With a strong focus on manifold returns and a disciplined approach to investments, LIC Mutual Fund emerged as the most preferred investment fund house for investors in India. They currently have a AMC of Rs. 16K crores
Vision
The vision of the fund house is to be a trusted partner for its investors in their wealth creation and a mutual fund of choice
Mission
LIC MGF endeavours to create value for its investors by adopting innovative and robust investment strategies
Achievements and awards of LIC Mutual Fund
National Awards for Excellence in Financial Services:
- 2020-21: National Award for Excellence in Financial Services - Customer Service Excellence.
- 2020-21: National Award for Excellence in Financial Services - LIFE INSURANCE COMPANY OF THE YEAR.
- 2020-21: ABCI Award - Corporate Intranet.
- 2020-21: ABCI Award - Yogakshema Magazine: Photo Feature, Wall Calendar, Wall Paper, Web Communication Online Campaign.
Types of LIC Mutual Fund available
Following categories of Mutual Funds are available at Edelweiss Mutual Funds
- Equity Funds
- Debt Funds
- Hybrid Funds
- Index Funds
Top Performing LIC Equity Mutual Fund
| Fund Name (Direct-Growth) | 1-Year Return (%) | 3-Year Return (%) | AUM (Cr.) |
|---|---|---|---|
| LIC MF ELSS Tax Saver Fund | 27.80% | 18.39% | ₹1,021.21 |
| LIC MF Large & Mid Cap Fund | 21.46% | 32.01% | ₹2,472.30 |
| LIC MF Infrastructure Fund | 22.43% | 29.83% | ₹157.05 |
| LIC MF Midcap Fund | 23.96% | 34.02% | ₹1,277.54 |
| LIC MF Multi Asset Fund - Equity 80 | 21.57% | 28.04% | ₹705.53 |
Top Performing LIC Debt Mutual Fund
| Fund Name (Direct-Growth) | 1-Year Return (%) | 3-Year Return (%) | AUM (Cr.) |
|---|---|---|---|
| LIC MF Liquid Fund | 7.10% | 6.62% | ₹2,954.02 |
| LIC MF Banking & PSU Debt Fund | 7.00% | 7.74% | ₹3,198.98 |
| LIC MF Short Duration Fund | 5.23% | 6.21% | ₹3,002.57 |
| LIC MF Fixed Maturity Fund - Ser 56 (2026) | 7.64% | 7.64% | ₹190.90 |
| LIC MF Floating Rate Fund | 6.55% | 8.02% | ₹395.01 |
Top Performing LIC Hybrid Mutual Fund
| Fund Name (Direct-Growth) | 1-Year Return (%) | 3-Year Return (%) | AUM (Cr.) |
|---|---|---|---|
| LIC MF Balanced Advantage Fund | 20.52% | 26.31% | ₹3,102.00 |
| LIC MF Conservative Hybrid Fund | 12.64% | 16.17% | ₹2,957.00 |
| LIC MF Multi Asset Fund - Balanced 65 | 12.43% | 15.90% | ₹1,240.00 |
| LIC MF Equity Savings Fund | 11.58% | 14.06% | ₹2,498.00 |
| LIC MF Multi Asset Fund - Hybrid 75 | 14.00% | 18.73% | ₹1,017.00 |
Top Performing LIC Index Mutual Fund
| Fund Name (Direct-Growth) | 1-Year Return (%) | 3-Year Return (%) | AUM (Cr.) |
|---|---|---|---|
| LIC MF N50 ETF | 31.57% | 21.75% | ₹365.96 |
| LIC MF Nifty 100 ETF | 23.64% | 15.59% | ₹237.02 |
| LIC MF Sensex Index Fund | 31.41% | 21.59% | ₹482.42 |
Advantage of Investing in LIC Mutual Fund
- Trusted Legacy and Stability: LIC Mutual Fund brings with it the trusted legacy of Life Insurance Corporation of India, a stalwart in the financial industry. This legacy instills a sense of stability and reliability, assuring investors of a time-tested partner committed to their financial well-being.
- Diverse and Innovative Product Range: LIC Mutual Fund offers a comprehensive range of investment products catering to various risk profiles and financial goals.
- Research-Driven Approach: The fund management team at LIC Mutual Fund follows a research-driven approach, leveraging thorough market analysis and insights to make informed investment decisions.
- Customer-Centric Services: Prioritizing customer satisfaction, LIC Mutual Fund provides personalized services and user-friendly platforms, ensuring a seamless and transparent investment experience.
- Commitment to Responsible Investing: LIC Mutual Fund integrates environmental, social, and governance (ESG) principles into its investment strategies. Their funds focus on creating a more sustainable and socially responsible financial future, reflecting the fund’s dedication to broader societal well-being
How to Invest in the LIC Mutual Fund Online?
To invest in a LIC Mutual Fund from the comfort of your home, just follow these quick and easy steps:
- Log in to your Fincover account.
- Complete the KYC verification process by Uploading valid documentation and identity proofs as per requirements.
- Click on Mutual Funds under investments, enter a few details
- Select the best LIC Mutual Fund scheme as per your investment horizon and risk appetite.
- If you’re making a lump sum investment, click on the ‘Buy Now’ option.
- If you are starting an SIP (Systematic Investment Plan), select ‘Start SIP’.