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10 Best LIC Mutual Fund Schemes 2023

Updated on September 27, 2023 , 41061 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

Fund	NAV	Net Assets (Cr)	Min Investment	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	Since launch (%)	2022 (%)
LIC MF Infrastructure Fund Growth	₹28.733 ↑ 0.17	₹111	5,000	1,000	15.1	23.3	23.5	31.1	15.4	7.1	7.9
LIC MF Banking & Financial Services Fund Growth	₹17.2316 ↑ 0.01	₹278	5,000	1,000	6.1	15.8	19.8	24	8.9	6.7	19.6
LIC MF Large and Midcap Fund Growth	₹26.4584 ↑ 0.09	₹2,180	5,000	1,000	10.3	14.1	8.3	20.1	11.4	12.1	-2.3
LIC MF Tax Plan Growth	₹111.733 ↑ 0.27	₹952	500	500	8.1	14.9	13.2	19.8	10.5	10.7	-1.6
LIC MF Index Fund Nifty Growth	₹107.159 ↑ 0.01	₹225	5,000	1,000	6.2	10.7	10.9	19.5	11	12.6	4.7
LIC MF Index Fund Sensex Growth	₹121.97 ↑ 0.01	₹74	5,000	1,000	5.7	9.7	11.4	19.4	11.4	13.3	4.6
LIC MF Multi Cap Fund Growth	₹75.4561 ↑ 0.19	₹856	5,000	1,000	9.2	16.9	15.5	17.1	10.1	9.7	-2.6
LIC MF Large Cap Fund Growth	₹42.5835 ↑ 0.03	₹1,368	5,000	1,000	5.4	8.8	7.1	16.4	9.8	10.3	-1.6
LIC MF Childrens Fund Growth	₹26.1697 ↑ 0.07	₹14	5,000	1,000	7.9	13.1	11	14.3	8.7	4.5	-1
LIC MF Equity Hybrid Fund Growth	₹148.479 ↑ 0.53	₹580	5,000	1,000	5.9	10	9.8	12.6	8.5	8.2	-2.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23

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 7.1% since its launch. Return for 2022 was 7.9% , 2021 was 46.6% and 2020 was -0.1% .

Below is the key information for LIC MF Infrastructure Fund

LIC MF Infrastructure Fund Growth
Launch Date	29 Feb 08
NAV (22 Aug 23)	₹28.733 ↑ 0.17 (0.59 %)
Net Assets (Cr)	₹111 on 31 Jul 23
Category	Equity - Sectoral
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	Not Rated
Risk	High
Expense Ratio	2.29
Sharpe Ratio	1.45
Information Ratio	0.83
Alpha Ratio	3.05
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,516
31 Aug 20	₹9,004
31 Aug 21	₹14,763
31 Aug 22	₹16,885
31 Aug 23	₹20,783

LIC MF Infrastructure Fund SIP 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 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 22 Aug 23

Duration	Returns
1 Month	4.4%
3 Month	15.1%
6 Month	23.3%
1 Year	23.5%
3 Year	31.1%
5 Year	15.4%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	-3.6%

Fund Manager information for LIC MF Infrastructure Fund

Name	Since	Tenure
Yogesh Patil	18 Sep 20	2.95 Yr.

Data below for LIC MF Infrastructure Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Industrials	56.46%
Consumer Cyclical	10.94%
Basic Materials	8.65%
Technology	6.93%
Utility	5.26%
Financial Services	4.43%
Communication Services	2.14%
Energy	2%

Asset Allocation

Asset Class	Value
Cash	3.18%
Equity	96.82%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Transport Corp of India Ltd Shs Dematerialised (Industrials) Equity, Since 30 Sep 20 \| TCI	7%	₹8 Cr	101,232
UltraTech Cement Ltd (Basic Materials) Equity, Since 31 Jul 13 \| ULTRACEMCO	6%	₹7 Cr	7,876
Kennametal India Ltd (Industrials) Equity, Since 30 Sep 22 \| KENNAMET	5%	₹6 Cr	20,582
KSB Ltd (Industrials) Equity, Since 31 May 21 \| KSB	5%	₹6 Cr	20,170
TD Power Systems Ltd (Industrials) Equity, Since 30 Apr 23 \| TDPOWERSYS	5%	₹5 Cr	203,885
Pitti Engineering Ltd (Industrials) Equity, Since 31 Jul 22 \| PITTIENG	4%	₹5 Cr	80,468
CIE Automotive India Ltd (Consumer Cyclical) Equity, Since 30 Apr 23 \| 532756	4%	₹5 Cr	96,213
Hitachi Energy India Ltd Ordinary Shares (Technology) Equity, Since 31 Jul 22 \| POWERINDIA	4%	₹5 Cr	10,916 ↓ -520
Bharat Bijlee Ltd (Industrials) Equity, Since 31 Jul 22 \| BBL	4%	₹5 Cr	11,275
Ashoka Buildcon Ltd (Industrials) Equity, Since 30 Sep 20 \| 533271	3%	₹4 Cr	393,127

2. 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 6.7% since its launch. Return for 2022 was 19.6% , 2021 was 9.8% and 2020 was -2.1% .

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 (22 Aug 23)	₹17.2316 ↑ 0.01 (0.07 %)
Net Assets (Cr)	₹278 on 31 Jul 23
Category	Equity - Sectoral
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	Not Rated
Risk	High
Expense Ratio	2.29
Sharpe Ratio	1.49
Information Ratio	0.29
Alpha Ratio	8.68
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,494
31 Aug 20	₹8,236
31 Aug 21	₹12,110
31 Aug 22	₹13,091
31 Aug 23	₹15,238

LIC MF Banking & Financial Services Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 22 Aug 23

Duration	Returns
1 Month	-1.7%
3 Month	6.1%
6 Month	15.8%
1 Year	19.8%
3 Year	24%
5 Year	8.9%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	19.6%
2021	9.8%
2020	-2.1%
2019	19.9%
2018	-18%
2017	32.7%
2016	10.5%
2015
2014
2013

Fund Manager information for LIC MF Banking & Financial Services Fund

Name	Since	Tenure
Jaiprakash Toshniwal	6 Sep 21	1.99 Yr.

Data below for LIC MF Banking & Financial Services Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Financial Services	93.75%

Asset Allocation

Asset Class	Value
Cash	6.25%
Equity	93.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| HDFCBANK	22%	₹64 Cr	404,463 ↑ 69,969
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| ICICIBANK	16%	₹46 Cr	477,588 ↑ 27,781
State Bank of India (Financial Services) Equity, Since 31 Mar 20 \| SBIN	9%	₹26 Cr	462,712 ↑ 58,445
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| 532215	8%	₹22 Cr	225,190 ↓ -21,517
The Federal Bank Ltd (Financial Services) Equity, Since 31 Jul 20 \| FEDERALBNK	5%	₹15 Cr	1,036,969 ↑ 166,563
CreditAccess Grameen Ltd Ordinary Shares (Financial Services) Equity, Since 30 Sep 22 \| CREDITACC	4%	₹11 Cr	80,094 ↑ 9,564
L&T Finance Holdings Ltd (Financial Services) Equity, Since 31 Mar 23 \| L&TFH	4%	₹10 Cr	812,265 ↑ 108,483
Piramal Enterprises Ltd (Financial Services) Equity, Since 31 Oct 21 \| 500302	3%	₹9 Cr	84,828
Five-Star Business Finance Ltd (Financial Services) Equity, Since 31 May 23 \| FIVESTAR	3%	₹8 Cr	102,902 ↑ 11,086
MAS Financial Services Ltd Ordinary Shares (Financial Services) Equity, Since 31 Mar 22 \| MASFIN	3%	₹7 Cr	87,557 ↑ 2,482

3. 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 12.1% since its launch. Return for 2022 was -2.3% , 2021 was 33.3% and 2020 was 14.1% .

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 (22 Aug 23)	₹26.4584 ↑ 0.09 (0.35 %)
Net Assets (Cr)	₹2,180 on 31 Jul 23
Category	Equity - Large & Mid Cap
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	Not Rated
Risk	High
Expense Ratio	1.95
Sharpe Ratio	0.37
Information Ratio	-1.51
Alpha Ratio	-6.85
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,248
31 Aug 20	₹9,650
31 Aug 21	₹14,873
31 Aug 22	₹15,851
31 Aug 23	₹17,102

LIC MF Large and Midcap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 22 Aug 23

Duration	Returns
1 Month	1.8%
3 Month	10.3%
6 Month	14.1%
1 Year	8.3%
3 Year	20.1%
5 Year	11.4%
10 Year
15 Year
Since launch	12.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	-2.3%
2021	33.3%
2020	14.1%
2019	10.9%
2018	-5%
2017	40.1%
2016	13.2%
2015
2014
2013

Fund Manager information for LIC MF Large and Midcap Fund

Name	Since	Tenure
Yogesh Patil	18 Sep 20	2.95 Yr.
Dikshit Mittal	1 Jun 23	0.25 Yr.

Data below for LIC MF Large and Midcap Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Financial Services	28.25%
Consumer Cyclical	22.74%
Industrials	13.77%
Basic Materials	9.64%
Technology	9.59%
Consumer Defensive	4.32%
Health Care	3.15%
Energy	2.36%
Utility	1.23%

Asset Allocation

Asset Class	Value
Cash	4.85%
Equity	95.15%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 18 \| HDFCBANK	6%	₹122 Cr	773,615
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| ICICIBANK	5%	₹119 Cr	1,245,644
Infosys Ltd (Technology) Equity, Since 31 Jan 19 \| INFY	3%	₹72 Cr	499,425
REC Ltd (Financial Services) Equity, Since 31 Aug 23 \| 532955	3%	₹65 Cr	2,729,240 ↑ 2,729,240
Power Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 23 \| 532810	3%	₹65 Cr	2,494,718 ↓ -55,545
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 20 \| RELIANCE	2%	₹52 Cr	215,328
Aditya Birla Fashion and Retail Ltd (Consumer Cyclical) Equity, Since 31 Jan 19 \| ABFRL	2%	₹49 Cr	2,234,712 ↑ 4,671
TD Power Systems Ltd (Industrials) Equity, Since 30 Apr 23 \| TDPOWERSYS	2%	₹45 Cr	1,681,710 ↑ 42,577
Kansai Nerolac Paints Ltd (Basic Materials) Equity, Since 31 Jan 22 \| 500165	2%	₹43 Cr	1,302,634 ↓ -66,132
Honeywell Automation India Ltd Shs Dematerialised (Industrials) Equity, Since 30 Jun 23 \| HONAUT	2%	₹43 Cr	10,822 ↑ 555

4. 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 10.7% since its launch. Ranked 35 in ELSS category. Return for 2022 was -1.6% , 2021 was 26.2% and 2020 was 8.9% .

Below is the key information for LIC MF Tax Plan

LIC MF Tax Plan Growth
Launch Date	3 Feb 99
NAV (22 Aug 23)	₹111.733 ↑ 0.27 (0.25 %)
Net Assets (Cr)	₹952 on 31 Jul 23
Category	Equity - ELSS
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	2.24
Sharpe Ratio	0.8
Information Ratio	-0.61
Alpha Ratio	1.37
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Sub Cat.	ELSS

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,540
31 Aug 20	₹9,427
31 Aug 21	₹14,274
31 Aug 22	₹14,721
31 Aug 23	₹16,488

LIC MF Tax Plan SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 22 Aug 23

Duration	Returns
1 Month	0.2%
3 Month	8.1%
6 Month	14.9%
1 Year	13.2%
3 Year	19.8%
5 Year	10.5%
10 Year
15 Year
Since launch	10.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	8.2%

Fund Manager information for LIC MF Tax Plan

Name	Since	Tenure
Karan Doshi	31 Jul 23	0.09 Yr.
Dikshit Mittal	31 Jul 23	0.09 Yr.

Data below for LIC MF Tax Plan as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Financial Services	30.17%
Consumer Cyclical	17.48%
Industrials	14.58%
Basic Materials	9.83%
Technology	9.74%
Consumer Defensive	8.22%
Energy	1.96%
Health Care	1.52%

Asset Allocation

Asset Class	Value
Cash	6.51%
Equity	93.49%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jul 18 \| ICICIBANK	8%	₹73 Cr	760,878
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 14 \| HDFCBANK	8%	₹73 Cr	462,949
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 21 \| 532215	5%	₹45 Cr	460,724
Infosys Ltd (Technology) Equity, Since 31 Oct 14 \| INFY	4%	₹36 Cr	248,752
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 30 Jun 22 \| CHOLAFIN	3%	₹30 Cr	268,228 ↓ -31,310
State Bank of India (Financial Services) Equity, Since 31 May 23 \| SBIN	3%	₹25 Cr	446,147
PI Industries Ltd (Basic Materials) Equity, Since 31 Jan 23 \| PIIND	2%	₹23 Cr	63,398
ABB India Ltd (Industrials) Equity, Since 28 Feb 23 \| ABB	2%	₹21 Cr	46,960 ↓ -41,847
Titan Co Ltd (Consumer Cyclical) Equity, Since 30 Apr 20 \| TITAN	2%	₹20 Cr	65,475 ↑ 12,946
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Jul 23 \| LT	2%	₹19 Cr	71,038

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 12.6% since its launch. Ranked 80 in Index Fund category. Return for 2022 was 4.7% , 2021 was 23.8% and 2020 was 14.7% .

Below is the key information for LIC MF Index Fund Nifty

LIC MF Index Fund Nifty Growth
Launch Date	14 Nov 02
NAV (22 Aug 23)	₹107.159 ↑ 0.01 (0.01 %)
Net Assets (Cr)	₹225 on 31 Jul 23
Category	Others - Index Fund
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	0.94
Sharpe Ratio	0.73
Information Ratio	-8.94
Alpha Ratio	-1.04
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,467
31 Aug 20	₹9,783
31 Aug 21	₹14,680
31 Aug 22	₹15,265
31 Aug 23	₹16,544

LIC MF Index Fund Nifty SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 22 Aug 23

Duration	Returns
1 Month	-1.6%
3 Month	6.2%
6 Month	10.7%
1 Year	10.9%
3 Year	19.5%
5 Year	11%
10 Year
15 Year
Since launch	12.6%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	6.5%

Fund Manager information for LIC MF Index Fund Nifty

Name	Since	Tenure
Jaiprakash Toshniwal	6 Sep 21	1.98 Yr.

Data below for LIC MF Index Fund Nifty as on 31 Jul 23

Asset Allocation

Asset Class	Value
Cash	0.28%
Equity	99.72%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| HDFCBANK	14%	₹31 Cr	198,610 ↑ 7,726
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 12 \| RELIANCE	10%	₹22 Cr	89,965 ↑ 3,385
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| ICICIBANK	8%	₹18 Cr	186,037 ↑ 7,193
Infosys Ltd (Technology) Equity, Since 31 Jan 03 \| INFY	6%	₹14 Cr	94,993 ↑ 3,590
ITC Ltd (Consumer Defensive) Equity, Since 31 Jan 03 \| ITC	5%	₹10 Cr	235,091 ↑ 9,014
Tata Consultancy Services Ltd Shs Dematerialised (Technology) Equity, Since 31 Mar 05 \| TCS	4%	₹9 Cr	27,256 ↑ 1,150
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 09 \| LT	4%	₹9 Cr	32,166 ↑ 1,429
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 09 \| 532215	3%	₹7 Cr	72,705 ↑ 2,478
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 10 \| KOTAKBANK	3%	₹7 Cr	39,126 ↑ 1,452
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Oct 11 \| HINDUNILVR	3%	₹6 Cr	23,798 ↑ 1,109

6. LIC MF Index Fund Sensex

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 13.3% since its launch. Ranked 79 in Index Fund category. Return for 2022 was 4.6% , 2021 was 21.9% and 2020 was 15.9% .

Below is the key information for LIC MF Index Fund Sensex

LIC MF Index Fund Sensex Growth
Launch Date	14 Nov 02
NAV (22 Aug 23)	₹121.97 ↑ 0.01 (0.00 %)
Net Assets (Cr)	₹74 on 31 Jul 23
Category	Others - Index Fund
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	0.99
Sharpe Ratio	0.82
Information Ratio	-7.93
Alpha Ratio	-0.91
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,668
31 Aug 20	₹10,043
31 Aug 21	₹14,925
31 Aug 22	₹15,477
31 Aug 23	₹16,905

LIC MF Index Fund Sensex SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 22 Aug 23

Duration	Returns
1 Month	-2%
3 Month	5.7%
6 Month	9.7%
1 Year	11.4%
3 Year	19.4%
5 Year	11.4%
10 Year
15 Year
Since launch	13.3%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	9.2%

Fund Manager information for LIC MF Index Fund Sensex

Name	Since	Tenure
Jaiprakash Toshniwal	6 Sep 21	1.99 Yr.

Data below for LIC MF Index Fund Sensex as on 31 Jul 23

Asset Allocation

Asset Class	Value
Cash	0.36%
Equity	99.64%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 09 \| HDFCBANK	15%	₹11 Cr	71,018 ↑ 1,349
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 09 \| RELIANCE	11%	₹8 Cr	33,904 ↑ 756
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| 532174	9%	₹7 Cr	68,665 ↑ 1,215
Infosys Ltd (Technology) Equity, Since 31 Mar 09 \| INFY	7%	₹5 Cr	35,479 ↑ 656
ITC Ltd (Consumer Defensive) Equity, Since 30 Sep 11 \| ITC	5%	₹4 Cr	86,739 ↑ 1,482
Tata Consultancy Services Ltd Shs Dematerialised (Technology) Equity, Since 31 Mar 09 \| TCS	5%	₹3 Cr	10,057 ↑ 193
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 09 \| LT	4%	₹3 Cr	11,842 ↑ 149
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 13 \| 532215	4%	₹3 Cr	27,175 ↑ 371
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Jun 17 \| KOTAKBANK	3%	₹2 Cr	14,060 ↑ 265
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Oct 11 \| 500696	3%	₹2 Cr	8,793 ↑ 182

7. 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 9.7% since its launch. Ranked 61 in Multi Cap category. Return for 2022 was -2.6% , 2021 was 20.2% and 2020 was 10.4% .

Below is the key information for LIC MF Multi Cap Fund

LIC MF Multi Cap Fund Growth
Launch Date	15 Feb 99
NAV (22 Aug 23)	₹75.4561 ↑ 0.19 (0.25 %)
Net Assets (Cr)	₹856 on 31 Jul 23
Category	Equity - Multi Cap
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	1.09
Information Ratio	-1.3
Alpha Ratio	3.07
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,745
31 Aug 20	₹9,833
31 Aug 21	₹13,964
31 Aug 22	₹14,059
31 Aug 23	₹16,172

LIC MF Multi Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 22 Aug 23

Duration	Returns
1 Month	1%
3 Month	9.2%
6 Month	16.9%
1 Year	15.5%
3 Year	17.1%
5 Year	10.1%
10 Year
15 Year
Since launch	9.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	5.6%

Fund Manager information for LIC MF Multi Cap Fund

Name	Since	Tenure
Jaiprakash Toshniwal	31 Jul 23	0.09 Yr.

Data below for LIC MF Multi Cap Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Financial Services	32.86%
Consumer Cyclical	18.64%
Industrials	11.56%
Consumer Defensive	10.86%
Technology	7.87%
Basic Materials	5.13%
Health Care	1.56%
Communication Services	1.07%

Asset Allocation

Asset Class	Value
Cash	10.14%
Equity	89.86%
Debt	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 May 18 \| HDFCBANK	9%	₹75 Cr	475,564 ↑ 78,326
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 07 \| ICICIBANK	7%	₹57 Cr	589,757
Axis Bank Ltd (Financial Services) Equity, Since 31 May 21 \| 532215	4%	₹30 Cr	312,982 ↓ -51,482
State Bank of India (Financial Services) Equity, Since 31 Jul 23 \| SBIN	3%	₹29 Cr	525,210 ↑ 350,510
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 28 Feb 23 \| HINDUNILVR	3%	₹27 Cr	106,456 ↑ 58,359
The Federal Bank Ltd (Financial Services) Equity, Since 31 Aug 23 \| FEDERALBNK	3%	₹25 Cr	1,750,427 ↑ 1,750,427
Titan Co Ltd (Consumer Cyclical) Equity, Since 31 Aug 19 \| TITAN	3%	₹25 Cr	80,482
ITC Ltd (Consumer Defensive) Equity, Since 30 Jun 22 \| ITC	3%	₹23 Cr	511,776 ↑ 279,817
SRF Ltd Shs Dematerialised (Basic Materials) Equity, Since 31 May 21 \| SRF	2%	₹19 Cr	81,362
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Oct 18 \| MARUTI	2%	₹19 Cr	18,993

8. 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 10.3% since its launch. Ranked 66 in Large Cap category. Return for 2022 was -1.6% , 2021 was 23.8% and 2020 was 13.8% .

Below is the key information for LIC MF Large Cap Fund

LIC MF Large Cap Fund Growth
Launch Date	3 Feb 99
NAV (22 Aug 23)	₹42.5835 ↑ 0.03 (0.06 %)
Net Assets (Cr)	₹1,368 on 31 Jul 23
Category	Equity - Large Cap
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.21
Sharpe Ratio	0.41
Information Ratio	-1.3
Alpha Ratio	-2.1
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,716
31 Aug 20	₹10,012
31 Aug 21	₹15,042
31 Aug 22	₹15,084
31 Aug 23	₹15,812

LIC MF Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 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 22 Aug 23

Duration	Returns
1 Month	-1.5%
3 Month	5.4%
6 Month	8.8%
1 Year	7.1%
3 Year	16.4%
5 Year	9.8%
10 Year
15 Year
Since launch	10.3%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	7.4%

Fund Manager information for LIC MF Large Cap Fund

Name	Since	Tenure
Yogesh Patil	18 Sep 20	2.95 Yr.
Jaiprakash Toshniwal	1 Jun 23	0.25 Yr.

Data below for LIC MF Large Cap Fund as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Financial Services	32.46%
Consumer Defensive	12.44%
Consumer Cyclical	11.78%
Technology	10.08%
Basic Materials	8.43%
Energy	5.87%
Industrials	5.79%
Health Care	5.07%
Communication Services	0.92%

Asset Allocation

Asset Class	Value
Cash	7.16%
Equity	92.84%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| HDFCBANK	10%	₹126 Cr	803,888 ↑ 24,747
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jul 18 \| ICICIBANK	9%	₹119 Cr	1,238,907 ↑ 54,754
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 18 \| RELIANCE	6%	₹77 Cr	321,825 ↓ -16,514
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	5%	₹66 Cr	1,174,504 ↓ -8,149
Infosys Ltd (Technology) Equity, Since 31 Dec 09 \| INFY	4%	₹55 Cr	383,511 ↓ -72,003
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 21 \| 532215	4%	₹53 Cr	543,546 ↓ -33,558
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 May 17 \| HINDUNILVR	3%	₹44 Cr	176,357 ↑ 48,400
ITC Ltd (Consumer Defensive) Equity, Since 31 May 23 \| ITC	3%	₹44 Cr	1,003,202 ↑ 370,091
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 07 \| LT	3%	₹43 Cr	157,444 ↓ -12,398
Tata Consultancy Services Ltd Shs Dematerialised (Technology) Equity, Since 31 Mar 18 \| TCS	3%	₹38 Cr	113,752 ↓ -11,614

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 4.5% since its launch. Return for 2022 was -1% , 2021 was 15.5% and 2020 was 12.4% .

Below is the key information for LIC MF Childrens Fund

LIC MF Childrens Fund Growth
Launch Date	21 Nov 01
NAV (22 Aug 23)	₹26.1697 ↑ 0.07 (0.25 %)
Net Assets (Cr)	₹14 on 31 Jul 23
Category	Solutions - Childrens Fund
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	0.61
Information Ratio	-0.58
Alpha Ratio	-1.42
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Sub Cat.	Childrens Fund

Growth of 10,000 investment over the years.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹9,768
31 Aug 20	₹10,034
31 Aug 21	₹13,606
31 Aug 22	₹13,725
31 Aug 23	₹15,246

LIC MF Childrens Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 22 Aug 23

Duration	Returns
1 Month	0.7%
3 Month	7.9%
6 Month	13.1%
1 Year	11%
3 Year	14.3%
5 Year	8.7%
10 Year
15 Year
Since launch	4.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	6.3%

Fund Manager information for LIC MF Childrens Fund

Name	Since	Tenure
Sanjay Pawar	1 Jan 22	1.66 Yr.
Karan Doshi	7 Jan 21	2.65 Yr.

Data below for LIC MF Childrens Fund as on 31 Jul 23

Asset Allocation

Asset Class	Value
Cash	2.88%
Equity	86.3%
Debt	10.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.38% Govt Stock 2027 Sovereign Bonds \| -	11%	₹2 Cr	150,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 18 \| HDFCBANK	8%	₹1 Cr	6,791 ↓ -256
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 18 \| ICICIBANK	7%	₹1 Cr	10,354 ↓ -436
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	5%	₹1 Cr	4,578
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 18 \| RELIANCE	4%	₹0 Cr	2,062 ↑ 1,108
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	3%	₹0 Cr	7,679 ↓ -2,360
Gokaldas Exports Ltd (Consumer Cyclical) Equity, Since 31 Aug 22 \| GOKEX	3%	₹0 Cr	5,387 ↑ 564
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| 532215	3%	₹0 Cr	4,154 ↓ -736
Pitti Engineering Ltd (Industrials) Equity, Since 31 Aug 22 \| PITTIENG	3%	₹0 Cr	6,066 ↓ -1,064
Tata Consultancy Services Ltd Shs Dematerialised (Technology) Equity, Since 30 Apr 18 \| TCS	3%	₹0 Cr	1,078

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 8.2% since its launch. Ranked 27 in Hybrid Equity category. Return for 2022 was -2.2% , 2021 was 15.5% and 2020 was 9.6% .

Below is the key information for LIC MF Equity Hybrid Fund

LIC MF Equity Hybrid Fund Growth
Launch Date	3 Feb 99
NAV (22 Aug 23)	₹148.479 ↑ 0.53 (0.36 %)
Net Assets (Cr)	₹580 on 31 Jul 23
Category	Hybrid - Hybrid Equity
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.3
Sharpe Ratio	0.66
Information Ratio	-1.01
Alpha Ratio	-0.64
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.

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹10,159
31 Aug 20	₹10,299
31 Aug 21	₹13,674
31 Aug 22	₹13,631
31 Aug 23	₹14,876

LIC MF Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 22 Aug 23

Duration	Returns
1 Month	-0.1%
3 Month	5.9%
6 Month	10%
1 Year	9.8%
3 Year	12.6%
5 Year	8.5%
10 Year
15 Year
Since launch	8.2%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	7.4%

Fund Manager information for LIC MF Equity Hybrid Fund

Name	Since	Tenure
Sanjay Pawar	1 Jan 22	1.66 Yr.
Karan Doshi	6 Sep 21	1.98 Yr.

Data below for LIC MF Equity Hybrid Fund as on 31 Jul 23

Asset Allocation

Asset Class	Value
Cash	3.36%
Equity	75.94%
Debt	20.7%

Equity Sector Allocation

Sector	Value
Financial Services	28.24%
Consumer Cyclical	12.81%
Technology	10.15%
Consumer Defensive	6.53%
Industrials	5.47%
Health Care	3.84%
Basic Materials	3.57%
Energy	3.26%
Communication Services	1.4%
Utility	0.68%

Debt Sector Allocation

Sector	Value
Government	15.95%
Corporate	4.75%
Cash Equivalent	3.36%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 18 \| HDFCBANK	8%	₹44 Cr	277,632 ↓ -12,232
7.06% Govt Stock 2028 Sovereign Bonds \| -	6%	₹36 Cr	3,500,000 ↑ 100,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| ICICIBANK	6%	₹35 Cr	366,156 ↓ -16,218
7.38% Govt Stock 2027 Sovereign Bonds \| -	5%	₹27 Cr	2,650,000
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	4%	₹23 Cr	160,865 ↓ -6,406
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 22 \| RELIANCE	3%	₹19 Cr	77,127 ↑ 5,712
State Bank of India (Financial Services) Equity, Since 30 Jun 21 \| SBIN	3%	₹17 Cr	305,927 ↑ 866
Axis Bank Ltd (Financial Services) Equity, Since 31 May 21 \| 532215	3%	₹16 Cr	165,891 ↓ -26,269
ITC Ltd (Consumer Defensive) Equity, Since 30 Nov 22 \| ITC	3%	₹15 Cr	349,942 ↑ 63,028
6.1% Govt Stock 2031 Sovereign Bonds \| -	2%	₹14 Cr	1,500,000

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.