LIC Mutual Fund
AUM
₹ 35,380 cr.
AMC Age
30 Years
No. Of Schemes
117
LIC Mutual Fund, supported by the trusted Life Insurance Corporation of India, provides a diverse range of schemes to meet various investment needs. Focused on wealth creation, the AMC aims to expand its presence with reliable, growth-oriented investments.
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About LIC Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
LIC Mutual Fund, established in 1994, is backed by the trusted Life Insurance Corporation of India (LIC). As one of the oldest fund houses in the country, it offers a range of investment solutions tailored to diverse investor needs.
Key Features
- LIC Mutual Fund offers investment schemes across different asset classes, including equity, debt, hybrid, and liquid funds, to suit varying investor profiles.
- The fund house has an extensive distribution network, comprising registered distributors, financial advisors, and national distribution partners.
- LIC Mutual Fund is further strengthened by the unwavering trust and financial backing of LIC, India's largest life insurance company.
- With a presence in multiple cities with a strong investor base, the fund house continues to offer reliable, growth-oriented solutions.
- In a significant development, LIC Mutual Fund merged with IDBI Mutual Fund in 2023, creating a stronger and more diversified asset management entity.
Documents Required
To invest in LIC Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact LIC Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
LIC Mutual Fund Managers
Mr. Dikshit Mittal
Mr. Jaiprakash Toshniwal
Mr. Karan Doshi
Mr. Mahesh Bendre
Mr. Marzban Irani
How To Invest In LIC Mutual Fund With Choice?
LIC Mutual Fund FAQs
The ideal LIC Mutual Fund depends on your financial goals and risk appetite. Equity funds are suitable for long-term capital appreciation, debt funds offer stability with lower risk, and hybrid funds provide a balanced approach. Choice offers advanced tools and analysis to help investors choose the best LIC Mutual Fund schemes.
LIC Mutual Fund investments are subject to taxation based on the type of scheme and holding period. Equity fund gains are taxed at 20% (short-term) and 12.5% (long-term if gains exceed 1.25 lakh annually). Debt fund gains are taxed per your income slab. ELSS funds offer tax benefits under Section 80C.
To invest through Choice, you need a PAN card, Aadhaar, proof of identity, proof of address, and a linked bank account. Completing the KYC process is mandatory before making any investments. Non-individual investors, like corporates and trusts, can upload additional documents digitally on Choice FinX for seamless verification.
The minimum investment for LIC Mutual Funds is 5,000 for lump-sum investments and 200 for SIPs (Systematic Investment Plans).
Returns are calculated based on the Net Asset Value (NAV) of the fund. The formula used is:
Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100
For SIP investments, the XIRR (Extended Internal Rate of Return) method is used. Choice provides real-time NAV tracking and interactive return calculators to help investors accurately estimate their potential earnings.
Yes, LIC Mutual Fund allows investors to switch between different schemes based on their changing financial needs. Through Choice FinX, you can seamlessly switch funds while keeping track of exit loads, tax implications, and other factors to optimise your investment strategy.
Investing in LIC Mutual Funds involves costs such as the Expense Ratio, which covers fund management fees, and an Exit Load, which applies if you redeem your investment before the minimum holding period.
No, a Demat account is not mandatory to invest in LIC Mutual Funds via Choice FinX. You can invest directly through the platform using your registered bank account. However, if you prefer holding mutual fund units in electronic form, open a Demat account with Choice.
LIC Mutual Fund statements can be accessed directly through the Choice FinX platform under the Portfolio section. Alternatively, you can request statements from the LIC Mutual Fund website, receive them via email, or retrieve them through CAMS/KFintech portals for a comprehensive view of your investments.
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