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LIC Mutual Fund
LIC Mutual fund is one of the well-established players in the asset management sphere. It is an associate company of India’s most premier and trusted brand and a frontrunner in the Indian Life Insurance arena, that is, Life Insurance Corporation of India. LIC Mutual Fund has adopted a systematic investment discipline combined with high standards of ethics and corporate governance. Resultantly, it has been able to materialize as a preferred investment manager in the investment fraternity.
Likewise various fund houses, LIC Mutual Fund too offers a bouquet of mutual fund schemes to cater the investors belonging to different segments. In addition, LIC adopts an innovative and robust investment strategies to create value for its customers.
| AMC | LIC Mutual Fund |
|---|---|
| Date of Setup | April 20, 1994 |
| AUM | INR 20411.22 crore (Jun-30-2018) |
| CEO/MD | Shri Raj Kumar |
| CIO | Mr. Saravana Kumar A |
| Compliance Officer | Mr. Mayank Arora |
| investor Service Officer | Mrs. Sonali Pandit |
| Headquarters | Mumbai |
| Customer Care Number | 1800-258-5678 |
| Fax | 022 – 22835606 |
| Tel | 022 – 66016000 |
| service[AT]licmf.com | |
| Website | www.licmf.com |
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About LIC Mutual Fund
LIC of India established LIC Mutual Fund in the year 1989. This mutual fund company was earlier governed by a board of trustees. However, with effect from April 08, 2003, it is being governed by LIC Mutual Fund trustee Company Private Limited. These trustees were vested with the exclusive ownership of the trust fund and had appointed Jeevan Bima Sahayog Asset Management Company Limited as the investment managers of LIC Mutual Fund. The asset management company was incorporated in the year 1994 and was later renamed as LIC Mutual Fund Asset Management Company Limited, with effect from August 21, 2006.
To be a trusted partner in wealth creation and a mutual fund of choice is the vision of LIC Mutual Fund. The mutual fund company aims to delight its customers through superior investment experience and unparalleled service thereby; helping them in attaining their goals. There are four shareholders of LIC Mutual Fund, namely, LIC of India, LIC Housing Finance Ltd., GIC Housing Finance Ltd., and Corporation Bank. Among them, LIC of India holds nearly 45% of the shares.
Best Mutual Fund Schemes by LIC MF
LIC Mutual Fund similar to various fund houses offers a variety of schemes under different categories to cater the diverse requirements of its individuals. So, let us have a look at some of these categories and the best schemes under them.
Equity Fund
This mutual fund scheme invests its corpus in equity and equity-related products. The returns on these funds are not fixed but are considered as a good investment option for long-term. These risk-appetite of these schemes is high. Some of the best schemes of LIC under equity category are as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Sharpe Ratio LIC MF Large Cap Fund Growth ₹24.9787
↓ 0.00 ₹248 6.1 -3.3 -2 11.7 11.9 0.7 0.02 LIC MF Multi Cap Fund Growth ₹44.9574
↑ 0.01 ₹267 6.1 3.2 -7.8 9.8 9.9 -7.7 -0.54 LIC MF Tax Plan Growth ₹63.8231
↑ 0.04 ₹190 5.9 -0.2 -4.1 14.7 15 -1.1 0.03 LIC MF Large and Midcap Fund Growth ₹14.2253
↓ 0.00 ₹380 5.5 -1.1 -7.2 17.3 -5 -0.21 LIC MF Infrastructure Fund Growth ₹13.2864
↓ -0.05 ₹53 5.3 1.1 -15.5 10.3 11.5 -14.6 -0.93 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19 Note: Ratio's shown as on 30 Nov 18
Debt Fund
This mutual fund scheme invests its accumulated money in numerous fixed income securities. These schemes do not fluctuate much as compared to Equity Funds and are a good investment option for short term investments. Some of the best schemes under Debt fund category offered by LIC are as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity LIC MF Liquid Fund Growth ₹3,319.87
↑ 0.67 ₹9,005 1.9 3.7 7.4 7.2 7.3 7.48% 1M 6D 1M 6D LIC MF Savings Fund Growth ₹28.1135
↑ 0.01 ₹1,406 2.3 3.9 7.4 7.4 7.2 8.86% 6M 24D 6M 27D LIC MF Banking and PSU Debt Fund Growth ₹23.0995
↑ 0.00 ₹177 3 4.4 7.5 7.2 7.2 8.29% 1Y 6M 4D 1Y 8M 1D LIC MF Bond Fund Growth ₹47.8091
↓ -0.03 ₹286 3.1 4 4.7 6.4 4.9 8.16% 4Y 3M 18D 5Y 6M 7D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19
Hybrid Fund
Also known by the name Balanced Fund, these schemes take exposure in both equity and fixed income instrument. The portfolio of a hybrid fund consists of 65% or more exposure in equity instruments and the balance investments in fixed income instruments. If a balanced fund has 65% or more exposure in fixed income instruments then such schemes are known as Monthly Income Plan or MIPs. Some of the best schemes offered by LIC under Hybrid category are tabulated as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) LIC MF Equity Hybrid Fund Growth ₹97.4389
↓ -0.07 ₹336 6.1 5.2 -4.4 9.9 8.7 -4.5 LIC MF Debt Hybrid Fund Growth ₹52.8797
↓ -0.02 ₹82 2.2 2.2 1.3 6.4 6.6 1.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19
Tax Saving Mutual Fund
Tax Saving Mutual Funds are also known as Equity Linked Savings Scheme (ELSS). These schemes give individuals benefits of investing as well as tax deductions. Individuals can claim a tax deduction of up to INR 1,50,000 under Section 80C of Income Tax Act, 1961. Under Tax Saving Mutual Fund category, LIC offers LIC MF Tax Plan. This scheme is suitable for investors seeking long-term Capital Gain along with tax relief by Investing wisely in stock markets. Since it is a part of equity scheme; the returns on this scheme is not guaranteed. This mutual fund scheme has a lock-in period of three years. The performance of this mutual fund scheme is given below as follows.
(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 Below is the key information for LIC MF Large Cap Fund Returns up to 1 year are on 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 Below is the key information for LIC MF Tax Plan Returns up to 1 year are on (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 Below is the key information for LIC MF Large and Midcap Fund Returns up to 1 year are on 1. LIC MF Large Cap Fund
CAGR/Annualized return of 9.8% since its launch. Ranked 66 in Large Cap category. Return for 2018 was 0.7% , 2017 was 26.8% and 2016 was 2.3% . LIC MF Large Cap Fund
Growth Launch Date 3 Feb 99 NAV (18 Jan 19) ₹24.9787 ↓ 0.00 (-0.02 %) Net Assets (Cr) ₹248 on 30 Nov 18 Category Equity - Large Cap AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 0.02 Information Ratio -0.73 Alpha Ratio -1.63 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹13,985 31 Dec 15 ₹13,624 31 Dec 16 ₹13,939 31 Dec 17 ₹17,671 31 Dec 18 ₹17,797 Returns for LIC MF Large Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -1.8% 3 Month 6.1% 6 Month -3.3% 1 Year -2% 3 Year 11.7% 5 Year 11.9% 10 Year 15 Year Since launch 9.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 0.7% 2017 26.8% 2016 2.3% 2015 -2.6% 2014 39.8% 2013 7.4% 2012 28.3% 2011 -26.9% 2010 17.5% 2009 79.2% Fund Manager information for LIC MF Large Cap Fund
Name Since Tenure Sachin Relekar 5 Mar 15 3.66 Yr. Data below for LIC MF Large Cap Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 39.55% Consumer Cyclical 16.66% Consumer Defensive 10.85% Technology 5.49% Basic Materials 4.48% Energy 4.22% Industrials 3.37% Health Care 0.79% Utility 0% Communication Services 0% Asset Allocation
Asset Class Value Cash 18.54% Equity 85.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -19% ₹49 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK9% ₹24 Cr 111,240
↑ 12,400 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | KOTAKBANK6% ₹17 Cr 132,500 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK6% ₹16 Cr 444,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 16 | HDFC6% ₹16 Cr 79,650
↑ 13,400 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 17 | 5329786% ₹15 Cr 23,183
↑ 4,100 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5000345% ₹13 Cr 48,300
↑ 5,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Mar 15 | 5008255% ₹12 Cr 39,600 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS4% ₹11 Cr 60,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE4% ₹11 Cr 99,700 2. LIC MF Tax Plan
CAGR/Annualized return of 10.2% since its launch. Ranked 35 in ELSS category. Return for 2018 was -1.1% , 2017 was 37.3% and 2016 was 3.3% . LIC MF Tax Plan
Growth Launch Date 3 Feb 99 NAV (18 Jan 19) ₹63.8231 ↑ 0.04 (0.06 %) Net Assets (Cr) ₹190 on 30 Nov 18 Category Equity - ELSS AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆ Risk Moderately High Expense Ratio 2.9 Sharpe Ratio 0.03 Information Ratio -0.28 Alpha Ratio 1.73 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹14,905 31 Dec 15 ₹14,457 31 Dec 16 ₹14,928 31 Dec 17 ₹20,493 31 Dec 18 ₹20,269 Returns for LIC MF Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -1.6% 3 Month 5.9% 6 Month -0.2% 1 Year -4.1% 3 Year 14.7% 5 Year 15% 10 Year 15 Year Since launch 10.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -1.1% 2017 37.3% 2016 3.3% 2015 -3% 2014 49.1% 2013 8.2% 2012 26.3% 2011 -26.2% 2010 15.7% 2009 62.2% Fund Manager information for LIC MF Tax Plan
Name Since Tenure Sachin Relekar 5 Mar 15 3.66 Yr. Data below for LIC MF Tax Plan as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 33.73% Consumer Cyclical 18.19% Basic Materials 11.92% Consumer Defensive 7.84% Technology 5.63% Energy 3.48% Industrials 2.56% Health Care 2.07% Real Estate 2.06% Utility 0.87% Asset Allocation
Asset Class Value Cash 14.56% Equity 88.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -15% ₹29 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK8% ₹15 Cr 70,295 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK5% ₹9 Cr 259,600 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5000344% ₹9 Cr 33,300 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Sep 18 | 5329784% ₹8 Cr 11,800
↑ 1,500 Vinati Organics Ltd (Basic Materials)
Equity, Since 31 Aug 14 | 5242004% ₹8 Cr 45,738 City Union Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | CUB4% ₹7 Cr 383,385 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE3% ₹7 Cr 61,000 Avenue Supermarts Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5403763% ₹7 Cr 41,492 Tata Chemicals Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 5007703% ₹6 Cr 90,800 3. LIC MF Large and Midcap Fund
CAGR/Annualized return of 9.5% since its launch. Return for 2018 was -5% , 2017 was 40.1% and 2016 was 13.2% . LIC MF Large and Midcap Fund
Growth Launch Date 25 Feb 15 NAV (18 Jan 19) ₹14.2253 ↓ 0.00 (0.00 %) Net Assets (Cr) ₹380 on 30 Nov 18 Category Equity - Large & Mid Cap AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.61 Sharpe Ratio -0.21 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹9,661 31 Dec 16 ₹10,939 31 Dec 17 ₹15,328 31 Dec 18 ₹14,559 Returns for LIC MF Large and Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -1.3% 3 Month 5.5% 6 Month -1.1% 1 Year -7.2% 3 Year 17.3% 5 Year 10 Year 15 Year Since launch 9.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 -5% 2017 40.1% 2016 13.2% 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for LIC MF Large and Midcap Fund
Name Since Tenure Sachin Relekar 25 Feb 15 3.68 Yr. Data below for LIC MF Large and Midcap Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 33.33% Consumer Cyclical 19.61% Basic Materials 9.64% Technology 5.19% Consumer Defensive 4.81% Health Care 3.76% Industrials 2.5% Energy 2.5% Real Estate 1.83% Utility 1.26% Asset Allocation
Asset Class Value Cash 17.67% Equity 84.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -18% ₹72 Cr Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5000346% ₹24 Cr 89,180 City Union Bank Ltd (Financial Services)
Equity, Since 30 Sep 15 | CUB5% ₹19 Cr 997,859 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | HDFCBANK4% ₹18 Cr 85,750 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 18 | HDFC4% ₹18 Cr 91,400
↑ 20,400 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK4% ₹16 Cr 442,900 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | M&M4% ₹16 Cr 193,100 Tata Chemicals Ltd (Basic Materials)
Equity, Since 30 Jun 15 | 5007703% ₹14 Cr 197,041 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Sep 18 | 5329783% ₹13 Cr 20,840
↑ 3,100 Vinati Organics Ltd (Basic Materials)
Equity, Since 31 Aug 16 | 5242003% ₹13 Cr 80,985
LIC Nomura Mutual Fund
In January 2011, the trustee and Mutual Fund company of LIC Mutual Fund entered into a joint venture with Nomura Asset Management Strategic Investments Pte. Limited. Resultantly, the LIC Mutual Fund became LIC Nomura Mutual Fund and the Mutual Fund company came to be known as LIC Nomura Asset Management Company Limited. Nomura held 35% of the shares of LIC Mutual Fund. However, in the year 2016, both the companies parted their ways and the mutual fund again came to be known as LIC Mutual Fund.
List of Name Change in Schemes of LIC Mutual Fund
After SEBI's (Securities and Exchange Board of India) circulation on re-categorisation and rationalisation of open-ended mutual funds, many Mutual Fund Houses are incorporating changes in their scheme names and categories. SEBI introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before investing in a scheme.
Here is a list of LIC schemes that got new names:
| Existing Scheme Name | New Scheme Name |
|---|---|
| LIC MF Income Plus Fund | LIC MF Banking and PSU Debt Fund |
| LIC MF Monthly Income Plan | LIC MF Debt Hybrid Fund |
| LIC MF Balanced Fund | LIC MF Equity Hybrid Fund |
| LIC MF Midcap Fund | LIC MF Large and Midcap Fund |
| LIC MF Growth Fund | LIC MF Large cap fund |
| LIC MF Equity Fund | LIC MF Multi Cap Fund |
| LIC MF savings plus Fund | LIC MF Savings Fund |
*Note-The list will be updated as and when we get an insight about the changes in the scheme names.
LIC SIP Plan
LIC Mutual Fund offers SIP or Systematic Investment plan option in most of their mutual fund schemes. SIP is a mode of investment in mutual fund schemes using which individuals invest a small amount at regular intervals. SIP is one of the unique features of mutual funds wherein individuals can decide on the investment amount and the tenure as per their convenience. In addition, one can also ensure that the investment does not hamper their current budget.
LIC NAV
Net Asset Value or NAV refers to the per unit price of the mutual fund scheme. Individuals can find the current NAV of LIC Mutual Fund's schemes on the Association of Mutual Funds in India (AMFI)’s website. Likewise, the same data is accessible on the fund house’s website too. Additionally, one can access the past NAV of these schemes of the fund house, in a similar manner.
How to Invest in LIC Mutual Fund?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
LIC Mutual Fund Calculator
mutual fund calculator is the calculator that helps individuals to calculate the present savings amount to build a future corpus. This calculator helps in deciding the total money required to attain a particular objective. sip calculator is another name of Mutual Fund calculator. In this calculator, the input data that one needs to enter include monthly or annual income, the tenure of investment, expected returns on the investment, expected rate of Inflation, and other related parameters. This calculator also shows the growth of SIP over the given timeframe.
LIC Mutual Fund Online
One can check the returns of various schemes offered by LIC Mutual Fund by visiting its website. In addition, one can also check the returns in the online portals of various mutual fund distributors who deal in mutual funds. By visiting their website, individuals get to know the in-depth analysis of each mutual fund scheme of this fund house.
LIC Mutual Fund Statement
You can get LIC Mutual account statement on your registered email-id. Visit LIC website and under the option of MailBackServices you need to enter your Folio number for which you would like to receive the Statement of Account. The statement will display only the scheme summary under the folio. LIC MF Statement will be sent to your registered email address.
Corporate Address
Industrial Assurance Building, 4th Floor, Opposite Churchgate Station, Mumbai – 400 020
Sponsor(s)
Life insurance Corporation of India
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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