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Top 10 Best LIC Mutual Fund Schemes 2024

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10 Best LIC Mutual Fund Schemes 2024

Updated on July 15, 2024 , 42191 views

Being an associate company of India's premier brand, LIC Mutual Fund is one of the recognized players in the asset management sphere. The fund house offers a wide Range of Mutual Fund schemes in the Market. Investors can choose from options like Equity Funds, Debt fund, Liquid Funds, Hybrid Fund, etc.

Ideally, you should choose a fund that best fits your requirements related to your investment goals. For long-term plan, equities suit the best, while for short-term you can prefer Investing in debt Mutual Funds. One of the best parts of investing in LIC Mutual Fund is that it has a strong risk management team that predicts market trends and helps to balance your Portfolio accordingly. Investors planning to invest can choose a fund from the below-listed top 10 best LIC Mutual Fund Schemes.

These funds have been shortlisted by undertaking certain parameters like AUM, NAV, past performances, peer average returns, etc.

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Best LIC Mutual Fund Schemes

FundNAVNet Assets (Cr)Min InvestmentMin SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)Since launch (%)2023 (%)
LIC MF Infrastructure Fund Growth ₹51.9741
↑ 0.04
₹333 5,000 1,000 32.446.988.738.629.210.644.4
LIC MF Large and Midcap Fund Growth ₹39.1506
↑ 0.02
₹2,737 5,000 1,000 22.725.751.221.421.415.626.7
LIC MF Tax Plan Growth ₹151.383
↑ 0.07
₹1,064 500 500 19.12136.218.417.811.626.3
LIC MF Multi Cap Fund Growth ₹101.548
↓ -0.12
₹989 5,000 1,000 16.719.136.917.516.710.628.8
LIC MF Index Fund Nifty Growth ₹135.741
↑ 0.15
₹295 5,000 1,000 11.411.925.815.716.213.319.8
LIC MF Index Fund Sensex Growth ₹150.875
↑ 0.10
₹78 5,000 1,000 1110.622.415.215.813.919
LIC MF Large Cap Fund Growth ₹56.0438
↓ -0.07
₹1,428 5,000 1,000 14.917.330.514.715.911.116.9
LIC MF Banking & Financial Services Fund Growth ₹20.3215
↓ -0.03
₹285 5,000 1,000 10.36.218.314.612.17.920.5
LIC MF Childrens Fund Growth ₹33.5825
↓ -0.04
₹16 5,000 1,000 14.214.130.314.314.25.522.1
LIC MF Equity Hybrid Fund Growth ₹191.323
↓ -0.47
₹518 5,000 1,000 12.415.529.113.513919.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jul 24

1. LIC MF Infrastructure Fund

The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector.

LIC MF Infrastructure Fund is a Equity - Sectoral fund was launched on 29 Feb 08. It is a fund with High risk and has given a CAGR/Annualized return of 10.6% since its launch.  Return for 2023 was 44.4% , 2022 was 7.9% and 2021 was 46.6% .

Below is the key information for LIC MF Infrastructure Fund

LIC MF Infrastructure Fund
Growth
Launch Date 29 Feb 08
NAV (16 Jul 24) ₹51.9741 ↑ 0.04   (0.07 %)
Net Assets (Cr) ₹333 on 31 May 24
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.29
Sharpe Ratio 4.13
Information Ratio 0.71
Alpha Ratio 35.27
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Sub Cat. Sectoral

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,955
30 Jun 21₹12,715
30 Jun 22₹14,161
30 Jun 23₹18,029
30 Jun 24₹33,400

LIC MF Infrastructure Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹627,226.
Net Profit of ₹327,226
Invest Now

Returns for LIC MF Infrastructure Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 7.1%
3 Month 32.4%
6 Month 46.9%
1 Year 88.7%
3 Year 38.6%
5 Year 29.2%
10 Year
15 Year
Since launch 10.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 44.4%
2022 7.9%
2021 46.6%
2020 -0.1%
2019 13.3%
2018 -14.6%
2017 42.2%
2016 -2.2%
2015 -6.2%
2014 49.6%
Fund Manager information for LIC MF Infrastructure Fund
NameSinceTenure
Yogesh Patil18 Sep 203.7 Yr.

Data below for LIC MF Infrastructure Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials59.74%
Basic Materials8.34%
Utility8.28%
Consumer Cyclical7.43%
Financial Services4.64%
Technology4.32%
Communication Services0.8%
Real Estate0.59%
Asset Allocation
Asset ClassValue
Cash5.88%
Equity94.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Bijlee Ltd (Industrials)
Equity, Since 31 Jul 22 | BBL
5%₹15 Cr35,248
↑ 900
Garware Hi-Tech Films Ltd (Basic Materials)
Equity, Since 31 Aug 23 | 500655
4%₹14 Cr76,339
↑ 32,547
Schneider Electric Infrastructure Ltd (Industrials)
Equity, Since 31 Dec 23 | SCHNEIDER
4%₹12 Cr178,355
↑ 47,533
Cummins India Ltd (Industrials)
Equity, Since 31 May 21 | 500480
4%₹12 Cr33,813
↑ 14,854
Texmaco Rail & Engineering Ltd (Industrials)
Equity, Since 30 Nov 23 | 533326
4%₹12 Cr597,104
↑ 14,891
GE T&D India Ltd (Industrials)
Equity, Since 31 Jan 24 | 522275
4%₹12 Cr86,036
↑ 340
Kennametal India Ltd (Industrials)
Equity, Since 30 Sep 22 | 505890
3%₹11 Cr29,601
↑ 1,678
Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Jul 22 | POWERINDIA
3%₹11 Cr9,891
↑ 963
Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP
3%₹10 Cr41,374
REC Ltd (Financial Services)
Equity, Since 31 Jul 23 | 532955
3%₹10 Cr187,819
↓ -33,959

2. LIC MF Large and Midcap Fund

(Erstwhile LIC MF Midcap Fund)

To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of mid-cap companies. However, there can be no assurance that the investment objective of the scheme will be realised.

LIC MF Large and Midcap Fund is a Equity - Large & Mid Cap fund was launched on 25 Feb 15. It is a fund with High risk and has given a CAGR/Annualized return of 15.6% since its launch.  Return for 2023 was 26.7% , 2022 was -2.3% and 2021 was 33.3% .

Below is the key information for LIC MF Large and Midcap Fund

LIC MF Large and Midcap Fund
Growth
Launch Date 25 Feb 15
NAV (16 Jul 24) ₹39.1506 ↑ 0.02   (0.06 %)
Net Assets (Cr) ₹2,737 on 31 May 24
Category Equity - Large & Mid Cap
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 1.95
Sharpe Ratio 2.66
Information Ratio -0.51
Alpha Ratio 2.73
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Sub Cat. Large & Mid Cap

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,148
30 Jun 21₹14,166
30 Jun 22₹14,518
30 Jun 23₹16,916
30 Jun 24₹25,174

LIC MF Large and Midcap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for LIC MF Large and Midcap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.9%
3 Month 22.7%
6 Month 25.7%
1 Year 51.2%
3 Year 21.4%
5 Year 21.4%
10 Year
15 Year
Since launch 15.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 26.7%
2022 -2.3%
2021 33.3%
2020 14.1%
2019 10.9%
2018 -5%
2017 40.1%
2016 13.2%
2015
2014
Fund Manager information for LIC MF Large and Midcap Fund
NameSinceTenure
Yogesh Patil18 Sep 203.7 Yr.
Dikshit Mittal1 Jun 231 Yr.

Data below for LIC MF Large and Midcap Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services28.49%
Consumer Cyclical23.37%
Industrials22.32%
Basic Materials9%
Technology4.08%
Consumer Defensive3.1%
Health Care2.86%
Energy2.25%
Utility1.74%
Communication Services0.96%
Asset Allocation
Asset ClassValue
Cash1.82%
Equity98.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | HDFCBANK
5%₹131 Cr852,407
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
5%₹128 Cr1,146,090
REC Ltd (Financial Services)
Equity, Since 31 Aug 23 | 532955
3%₹87 Cr1,622,232
↓ -277,832
Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP
3%₹74 Cr297,890
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 500251
3%₹74 Cr162,102
ZF Commercial Vehicle Control Systems India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | ZFCVINDIA
2%₹65 Cr37,294
↑ 11,071
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 23 | 532810
2%₹62 Cr1,251,974
↓ -323,290
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 20 | RELIANCE
2%₹62 Cr215,328
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK
2%₹57 Cr342,120
↑ 43,707
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 23 | HONAUT
2%₹57 Cr11,140
↓ -402

3. LIC MF Tax Plan

The investment objective of the scheme is to provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the Scheme will be realised.

LIC MF Tax Plan is a Equity - ELSS fund was launched on 3 Feb 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.6% since its launch.  Ranked 35 in ELSS category.  Return for 2023 was 26.3% , 2022 was -1.6% and 2021 was 26.2% .

Below is the key information for LIC MF Tax Plan

LIC MF Tax Plan
Growth
Launch Date 3 Feb 99
NAV (16 Jul 24) ₹151.383 ↑ 0.07   (0.05 %)
Net Assets (Cr) ₹1,064 on 31 May 24
Category Equity - ELSS
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.24
Sharpe Ratio 2.02
Information Ratio -0.36
Alpha Ratio 1.2
Min Investment 500
Min SIP Investment 500
Exit Load NIL
Sub Cat. ELSS

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,728
30 Jun 21₹13,191
30 Jun 22₹12,985
30 Jun 23₹16,254
30 Jun 24₹21,721

LIC MF Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for LIC MF Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.4%
3 Month 19.1%
6 Month 21%
1 Year 36.2%
3 Year 18.4%
5 Year 17.8%
10 Year
15 Year
Since launch 11.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 26.3%
2022 -1.6%
2021 26.2%
2020 8.9%
2019 11.9%
2018 -1.1%
2017 37.3%
2016 3.3%
2015 -3%
2014 49.1%
Fund Manager information for LIC MF Tax Plan
NameSinceTenure
Karan Doshi31 Jul 230.84 Yr.
Dikshit Mittal31 Jul 230.84 Yr.

Data below for LIC MF Tax Plan as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services28.73%
Consumer Cyclical21.75%
Industrials17.15%
Consumer Defensive8.83%
Basic Materials7.93%
Technology7.9%
Health Care3.07%
Energy2.07%
Communication Services0.85%
Asset Allocation
Asset ClassValue
Cash1.7%
Equity98.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK
7%₹76 Cr680,968
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK
7%₹70 Cr458,211
State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN
4%₹38 Cr460,575
Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP
3%₹37 Cr148,944
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 500251
3%₹33 Cr72,136
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Jun 22 | CHOLAFIN
3%₹30 Cr245,268
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | 532215
3%₹29 Cr250,779
Infosys Ltd (Technology)
Equity, Since 31 Oct 14 | INFY
3%₹29 Cr205,257
ABB India Ltd (Industrials)
Equity, Since 28 Feb 23 | ABB
3%₹27 Cr32,210
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 23 | LT
2%₹25 Cr68,942

4. LIC MF Multi Cap Fund

(Erstwhile LIC MF Equity Fund)

The main investment objective of the scheme is to provide capital growth by investing mainly in equities. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, there is no assurance that the investment objective of the Scheme will be realised.

LIC MF Multi Cap Fund is a Equity - Multi Cap fund was launched on 15 Feb 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.6% since its launch.  Ranked 61 in Multi Cap category.  Return for 2023 was 28.8% , 2022 was -2.6% and 2021 was 20.2% .

Below is the key information for LIC MF Multi Cap Fund

LIC MF Multi Cap Fund
Growth
Launch Date 15 Feb 99
NAV (16 Jul 24) ₹101.548 ↓ -0.12   (-0.12 %)
Net Assets (Cr) ₹989 on 31 May 24
Category Equity - Multi Cap
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.26
Sharpe Ratio 2.17
Information Ratio -0.81
Alpha Ratio 0.29
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Sub Cat. Multi Cap

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,286
30 Jun 21₹13,030
30 Jun 22₹12,389
30 Jun 23₹15,299
30 Jun 24₹20,854

LIC MF Multi Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for LIC MF Multi Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.7%
3 Month 16.7%
6 Month 19.1%
1 Year 36.9%
3 Year 17.5%
5 Year 16.7%
10 Year
15 Year
Since launch 10.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.8%
2022 -2.6%
2021 20.2%
2020 10.4%
2019 13.7%
2018 -7.7%
2017 25.7%
2016 2.2%
2015 -7.7%
2014 42%
Fund Manager information for LIC MF Multi Cap Fund
NameSinceTenure
Jaiprakash Toshniwal31 Jul 230.84 Yr.

Data below for LIC MF Multi Cap Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services36.69%
Consumer Cyclical14.26%
Consumer Defensive13.28%
Industrials12.38%
Technology8%
Basic Materials6.49%
Health Care6.12%
Utility0.82%
Communication Services0.58%
Asset Allocation
Asset ClassValue
Cash1.37%
Equity98.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK
7%₹66 Cr431,695
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | KOTAKBANK
4%₹44 Cr259,446
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | MOTHERSON
4%₹39 Cr2,557,718
State Bank of India (Financial Services)
Equity, Since 31 Jul 23 | SBIN
4%₹38 Cr460,890
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 28 Feb 23 | HINDUNILVR
4%₹38 Cr162,187
EIH Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | 500840
3%₹33 Cr758,820
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | INDUSINDBK
3%₹31 Cr213,072
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Aug 22 | 500034
3%₹29 Cr42,822
Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 23 | 532755
3%₹29 Cr232,191
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Aug 23 | FEDERALBNK
3%₹28 Cr1,750,427

5. LIC MF Index Fund Nifty

The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors.

LIC MF Index Fund Nifty is a Others - Index Fund fund was launched on 14 Nov 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.3% since its launch.  Ranked 80 in Index Fund category.  Return for 2023 was 19.8% , 2022 was 4.7% and 2021 was 23.8% .

Below is the key information for LIC MF Index Fund Nifty

LIC MF Index Fund Nifty
Growth
Launch Date 14 Nov 02
NAV (16 Jul 24) ₹135.741 ↑ 0.15   (0.11 %)
Net Assets (Cr) ₹295 on 31 May 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.94
Sharpe Ratio 1.27
Information Ratio -10.69
Alpha Ratio -1.16
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Months (1%),1 Months and above(NIL)
Sub Cat. Index Fund

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,764
30 Jun 21₹13,347
30 Jun 22₹13,419
30 Jun 23₹16,323
30 Jun 24₹20,429

LIC MF Index Fund Nifty SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for LIC MF Index Fund Nifty

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.9%
3 Month 11.4%
6 Month 11.9%
1 Year 25.8%
3 Year 15.7%
5 Year 16.2%
10 Year
15 Year
Since launch 13.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19.8%
2022 4.7%
2021 23.8%
2020 14.7%
2019 12.6%
2018 2.6%
2017 28.6%
2016 2.7%
2015 -4.1%
2014 31.1%
Fund Manager information for LIC MF Index Fund Nifty
NameSinceTenure
Sumit Bhatnagar3 Oct 230.66 Yr.

Data below for LIC MF Index Fund Nifty as on 31 May 24

Asset Allocation
Asset ClassValue
Cash0.49%
Equity99.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK
12%₹34 Cr222,829
↓ -665
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 12 | RELIANCE
10%₹29 Cr100,393
↓ -42
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | ICICIBANK
8%₹23 Cr208,052
↓ -482
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
5%₹15 Cr105,614
↓ -66
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 09 | LT
4%₹13 Cr35,081
↑ 02
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
4%₹11 Cr262,084
↓ -1,087
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
4%₹11 Cr29,873
↓ -227
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
4%₹11 Cr77,078
↓ -280
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
3%₹10 Cr84,227
↓ -136
State Bank of India (Financial Services)
Equity, Since 30 Apr 09 | SBIN
3%₹9 Cr113,694
↓ -176

6. LIC MF Index Fund Sensex

The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors.

LIC MF Index Fund Sensex is a Others - Index Fund fund was launched on 14 Nov 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.9% since its launch.  Ranked 79 in Index Fund category.  Return for 2023 was 19% , 2022 was 4.6% and 2021 was 21.9% .

Below is the key information for LIC MF Index Fund Sensex

LIC MF Index Fund Sensex
Growth
Launch Date 14 Nov 02
NAV (16 Jul 24) ₹150.875 ↑ 0.10   (0.06 %)
Net Assets (Cr) ₹78 on 31 May 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.99
Sharpe Ratio 1.01
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Months (1%),1 Months and above(NIL)
Sub Cat. Index Fund

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,900
30 Jun 21₹13,372
30 Jun 22₹13,528
30 Jun 23₹16,561
30 Jun 24₹20,260

LIC MF Index Fund Sensex SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for LIC MF Index Fund Sensex

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.9%
3 Month 11%
6 Month 10.6%
1 Year 22.4%
3 Year 15.2%
5 Year 15.8%
10 Year
15 Year
Since launch 13.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19%
2022 4.6%
2021 21.9%
2020 15.9%
2019 14.6%
2018 5.6%
2017 27.4%
2016 1.6%
2015 -5.4%
2014 29.3%
Fund Manager information for LIC MF Index Fund Sensex
NameSinceTenure
Sumit Bhatnagar3 Oct 230.66 Yr.

Data below for LIC MF Index Fund Sensex as on 31 May 24

Asset Allocation
Asset ClassValue
Cash0.57%
Equity99.43%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
14%₹11 Cr69,776
↓ -281
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 09 | RELIANCE
12%₹9 Cr31,708
↓ -63
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | 532174
9%₹7 Cr64,558
↓ -63
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
6%₹5 Cr32,717
↓ -131
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 09 | LT
5%₹4 Cr10,838
↓ -43
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 11 | ITC
5%₹4 Cr85,981
↓ -02
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 09 | TCS
4%₹3 Cr9,430
↓ -37
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
4%₹3 Cr23,322
↑ 48
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹3 Cr26,134
↑ 128
State Bank of India (Financial Services)
Equity, Since 31 Mar 09 | SBIN
4%₹3 Cr35,074
↓ -141

7. LIC MF Large Cap Fund

(Erstwhile LIC MF Growth Fund)

An open ended pure Growth scheme seeking to provide capital growth by investing mainly in equity instruments and also in debt and other permitted instruments of capital and money markets. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, there is no assurance that the investment objective of the Scheme will be realised.

LIC MF Large Cap Fund is a Equity - Large Cap fund was launched on 3 Feb 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.1% since its launch.  Ranked 66 in Large Cap category.  Return for 2023 was 16.9% , 2022 was -1.6% and 2021 was 23.8% .

Below is the key information for LIC MF Large Cap Fund

LIC MF Large Cap Fund
Growth
Launch Date 3 Feb 99
NAV (16 Jul 24) ₹56.0438 ↓ -0.07   (-0.12 %)
Net Assets (Cr) ₹1,428 on 31 May 24
Category Equity - Large Cap
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.21
Sharpe Ratio 1.54
Information Ratio -1.12
Alpha Ratio -2.22
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Sub Cat. Large Cap

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,196
30 Jun 21₹13,415
30 Jun 22₹13,085
30 Jun 23₹15,476
30 Jun 24₹19,874

LIC MF Large Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for LIC MF Large Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.8%
3 Month 14.9%
6 Month 17.3%
1 Year 30.5%
3 Year 14.7%
5 Year 15.9%
10 Year
15 Year
Since launch 11.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 16.9%
2022 -1.6%
2021 23.8%
2020 13.8%
2019 15%
2018 0.7%
2017 26.8%
2016 2.3%
2015 -2.6%
2014 39.8%
Fund Manager information for LIC MF Large Cap Fund
NameSinceTenure
Yogesh Patil18 Sep 203.7 Yr.
Sumit Bhatnagar3 Oct 230.66 Yr.

Data below for LIC MF Large Cap Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services33.29%
Industrials12.08%
Consumer Cyclical10.81%
Consumer Defensive9.52%
Energy9.49%
Technology7.68%
Basic Materials5.37%
Utility3.34%
Communication Services3.1%
Health Care2.94%
Asset Allocation
Asset ClassValue
Cash2.37%
Equity97.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK
8%₹119 Cr776,785
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK
8%₹108 Cr962,860
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
8%₹108 Cr376,746
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
5%₹70 Cr190,794
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 23 | ITC
4%₹53 Cr1,249,098
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532215
3%₹49 Cr419,156
↓ -12,506
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
3%₹44 Cr322,865
Infosys Ltd (Technology)
Equity, Since 31 Dec 09 | INFY
3%₹44 Cr312,650
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 23 | 532810
3%₹42 Cr854,316
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
3%₹41 Cr489,087
↓ -17,674

8. LIC MF Banking & Financial Services Fund

The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be realised.

LIC MF Banking & Financial Services Fund is a Equity - Sectoral fund was launched on 27 Mar 15. It is a fund with High risk and has given a CAGR/Annualized return of 7.9% since its launch.  Return for 2023 was 20.5% , 2022 was 19.6% and 2021 was 9.8% .

Below is the key information for LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund
Growth
Launch Date 27 Mar 15
NAV (16 Jul 24) ₹20.3215 ↓ -0.03   (-0.15 %)
Net Assets (Cr) ₹285 on 31 May 24
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.29
Sharpe Ratio 0.63
Information Ratio 0.31
Alpha Ratio 2.95
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Sub Cat. Sectoral

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,437
30 Jun 21₹11,153
30 Jun 22₹10,520
30 Jun 23₹14,600
30 Jun 24₹17,337

LIC MF Banking & Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for LIC MF Banking & Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.1%
3 Month 10.3%
6 Month 6.2%
1 Year 18.3%
3 Year 14.6%
5 Year 12.1%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.5%
2022 19.6%
2021 9.8%
2020 -2.1%
2019 19.9%
2018 -18%
2017 32.7%
2016 10.5%
2015
2014
Fund Manager information for LIC MF Banking & Financial Services Fund
NameSinceTenure
Jaiprakash Toshniwal6 Sep 212.73 Yr.

Data below for LIC MF Banking & Financial Services Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services98.2%
Asset Allocation
Asset ClassValue
Cash1.8%
Equity98.2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
21%₹61 Cr398,905
↓ -10,955
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
12%₹35 Cr307,998
↓ -15,225
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
7%₹21 Cr176,868
↓ -2,607
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
6%₹17 Cr201,860
↓ -3,593
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK
4%₹12 Cr731,824
↓ -100,103
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532810
3%₹10 Cr200,878
↓ -35,396
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
3%₹10 Cr74,502
↑ 1,051
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | DCBBANK
3%₹10 Cr743,151
↓ -36,949
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | INDUSINDBK
3%₹9 Cr62,294
↑ 7,784
Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Oct 21 | 500302
3%₹9 Cr107,161

9. LIC MF Childrens Fund

An open ended scheme which seeks to generate long term capital growth through a judicious mix of investment in quality debt securities and equities with relatively low risk levels through research based investments.

LIC MF Childrens Fund is a Solutions - Childrens Fund fund was launched on 21 Nov 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 5.5% since its launch.  Return for 2023 was 22.1% , 2022 was -1% and 2021 was 15.5% .

Below is the key information for LIC MF Childrens Fund

LIC MF Childrens Fund
Growth
Launch Date 21 Nov 01
NAV (16 Jul 24) ₹33.5825 ↓ -0.04   (-0.11 %)
Net Assets (Cr) ₹16 on 31 May 24
Category Solutions - Childrens Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 2.26
Sharpe Ratio 1.96
Information Ratio -0.42
Alpha Ratio 1.52
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Sub Cat. Childrens Fund

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,457
30 Jun 21₹12,768
30 Jun 22₹12,371
30 Jun 23₹14,588
30 Jun 24₹18,876

LIC MF Childrens Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for LIC MF Childrens Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.4%
3 Month 14.2%
6 Month 14.1%
1 Year 30.3%
3 Year 14.3%
5 Year 14.2%
10 Year
15 Year
Since launch 5.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 22.1%
2022 -1%
2021 15.5%
2020 12.4%
2019 13.2%
2018 -8%
2017 14.1%
2016 9.7%
2015 -1.2%
2014 31.4%
Fund Manager information for LIC MF Childrens Fund
NameSinceTenure
Karan Doshi7 Jan 213.4 Yr.
Pratik Shroff26 Sep 230.68 Yr.

Data below for LIC MF Childrens Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash2.6%
Equity87.45%
Debt9.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38% Govt Stock 2027
Sovereign Bonds | -
10%₹2 Cr150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 18 | ICICIBANK
6%₹1 Cr8,930
↓ -345
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | HDFCBANK
5%₹1 Cr5,570
↓ -257
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
4%₹1 Cr2,062
Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | 500251
3%₹1 Cr1,173
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
3%₹1 Cr6,141
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
3%₹0 Cr4,154
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 21 | LT
3%₹0 Cr1,302
Infosys Ltd (Technology)
Equity, Since 31 May 18 | INFY
3%₹0 Cr3,202
Azad Engineering Ltd (Industrials)
Equity, Since 31 Dec 23 | AZAD
3%₹0 Cr2,681

10. LIC MF Equity Hybrid Fund

(Erstwhile LIC MF Balanced Fund)

An open ended balanced scheme which seeks to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt. However, there is no assurance that the investment objective of the Scheme will be realised.

LIC MF Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 3 Feb 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9% since its launch.  Ranked 27 in Hybrid Equity category.  Return for 2023 was 19.3% , 2022 was -2.2% and 2021 was 15.5% .

Below is the key information for LIC MF Equity Hybrid Fund

LIC MF Equity Hybrid Fund
Growth
Launch Date 3 Feb 99
NAV (16 Jul 24) ₹191.323 ↓ -0.47   (-0.25 %)
Net Assets (Cr) ₹518 on 31 May 24
Category Hybrid - Hybrid Equity
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.3
Sharpe Ratio 2.3
Information Ratio -0.46
Alpha Ratio 2.97
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Sub Cat. Hybrid Equity

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,500
30 Jun 21₹12,474
30 Jun 22₹11,986
30 Jun 23₹14,016
30 Jun 24₹18,011

LIC MF Equity Hybrid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for LIC MF Equity Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3%
3 Month 12.4%
6 Month 15.5%
1 Year 29.1%
3 Year 13.5%
5 Year 13%
10 Year
15 Year
Since launch 9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19.3%
2022 -2.2%
2021 15.5%
2020 9.6%
2019 13.5%
2018 -4.5%
2017 20.4%
2016 5.5%
2015 -6.8%
2014 34.1%
Fund Manager information for LIC MF Equity Hybrid Fund
NameSinceTenure
Karan Doshi6 Sep 212.73 Yr.
Pratik Shroff26 Sep 230.68 Yr.

Data below for LIC MF Equity Hybrid Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash3.12%
Equity75.7%
Debt21.18%
Equity Sector Allocation
SectorValue
Financial Services19.7%
Industrials16.75%
Consumer Cyclical13.12%
Consumer Defensive6.47%
Technology4.79%
Energy4.1%
Health Care3.74%
Basic Materials2.42%
Utility2%
Communication Services1.59%
Real Estate1.04%
Debt Sector Allocation
SectorValue
Government19.21%
Cash Equivalent3.12%
Corporate1.97%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | HDFCBANK
6%₹29 Cr189,056
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 12 | ICICIBANK
4%₹23 Cr207,685
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE
3%₹18 Cr62,030
07.70 Kt Gs 2033
Sovereign Bonds | -
3%₹15 Cr1,500,000
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | 500251
2%₹13 Cr28,382
ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | ITC
2%₹12 Cr292,074
GE T&D India Ltd (Industrials)
Equity, Since 31 Jan 24 | 522275
2%₹12 Cr87,629
Infosys Ltd (Technology)
Equity, Since 31 May 18 | INFY
2%₹11 Cr80,123
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 23 | LT
2%₹11 Cr29,555
7.26% Govt Stock 2033
Sovereign Bonds | -
2%₹10 Cr1,000,000

FAQs

1. What is the current worth of LIC Mutual Fund?

A: The LIC Mutual Fund currently has operative funds of Rs.289.57 crores. You can invest in twenty-two different schemes under the LIC Mutual Fund. Depending upon the amount of money you wish to invest, you can select a particular scheme.

2. What are the documents that I will need to invest in LIC MF?

A: To invest in LIC Mutual Fund, you will need identity proof such as your PAN Card and address proof, a copy of your Aadhar card or passport. You will also have to submit your Bank details.

3. Is LIC Mutual Funds KYC compliant?

A: Yes. Hence, along with all the KYC compliant documents, you will have to submit the duly filled out KYC Form to start investing in LIC Mutual Funds.

4. Can I invest in LIC Mutual Fund online?

A: Yes, you can - Log in to the official website and register yourself. You will have to upload all the KYC related documents to open the account and register yourself. Once the registration process is completed, you can start investing.

5. What is the LIC Mutual Fund Tax plan?

A: The plan is designed to help investors grow the wealth and at the same time enjoy tax rebates under Section 80C of the income tax Act or 1961. It is an open-ended equity linked Tax Saving Scheme. It also has the lowest lock-in period of only 3-years.

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6. How is the performance of LIC MF Large and mid-cap funds?

A: The LIC MF Large and Mid Cap segment has shown consistent returns of 8.03% in the past three years. Annually, it has delivered returns of 12.86%. In the large and mid-cap section, the LIC MF Large and Mid Cap Mutual Fund have performed better than most other mutual funds.

7. I want to know about LIC Mutual Fund Banking and PSU Debt?

A: The LIC Mutual Fund Banking and PSU Debt have moderate risk as it consists primarily of Debentures and Municipal Bonds. It also has no exit load and a lower expense ratio, which is 0.28%. However, the average maturity age for the LIC Mutual Fund Banking and PSU Debt is three years.

8. What should I keep in mind while investing in LIC Mutual Funds?

A: When you invest in LIC Mutual Funds, you should consider the amount of investment you are prepared to make and the returns you expect. It would be best if you also considered the tax that you have to pay on your Earnings. Once you have considered all of these aspects, you can select a particular LIC Mutual Fund type.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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