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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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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.
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.
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 (%) 2023 (%) Sharpe Ratio LIC MF Multi Cap Fund Growth ₹100.289
↑ 0.20 ₹1,076 13.9 21.2 34.3 17 17 28.8 2.19 LIC MF Large Cap Fund Growth ₹55.5001
↓ -0.20 ₹1,515 12.3 19.9 28.4 14.3 16.4 16.9 1.72 LIC MF Tax Plan Growth ₹149.422
↓ -0.04 ₹1,152 15.5 23.6 34 17.9 18.2 26.3 2.06 LIC MF Infrastructure Fund Growth ₹50.0382
↓ -0.22 ₹430 24.5 43.2 81.9 36.7 28.7 44.4 4.18 LIC MF Large and Midcap Fund Growth ₹38.3306
↓ -0.11 ₹3,001 17.7 26.3 47.4 20.6 21.8 26.7 2.69 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jul 24 Note: Ratio's shown as on 30 Jun 24
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 (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity LIC MF Liquid Fund Growth ₹4,427.12
↑ 0.78 ₹10,527 1.8 3.7 7.3 5.8 7 8.05% 2M 2M LIC MF Savings Fund Growth ₹36.9823
↑ 0.01 ₹1,099 1.7 3.6 6.7 5.2 6.5 7.68% 10M 19D 11M 15D LIC MF Banking and PSU Debt Fund Growth ₹32.1833
↓ 0.00 ₹1,408 2 3.9 6.8 5 6.5 7.52% 3Y 18D 3Y 10M 10D LIC MF Bond Fund Growth ₹66.6596
↓ -0.01 ₹169 2.5 4.7 6.5 5.1 6.5 7.38% 6Y 4D 8Y 2M 1D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jul 24
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 (%) 2023 (%) LIC MF Equity Hybrid Fund Growth ₹188.433
↓ -0.27 ₹543 9.2 16.1 26.8 12.9 13.2 19.3 LIC MF Debt Hybrid Fund Growth ₹77.9234
↓ 0.00 ₹51 5 6.4 9.4 6.2 7 7.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jul 24
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.
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 Below is the key information for LIC MF Infrastructure Fund 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 (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 Below is the key information for LIC MF Multi Cap Fund Returns up to 1 year are on 1. LIC MF Infrastructure Fund
CAGR/Annualized
return of 10.3% since its launch. Return for 2023 was 44.4% , 2022 was 7.9% and 2021 was 46.6% . LIC MF Infrastructure Fund
Growth Launch Date 29 Feb 08 NAV (23 Jul 24) ₹50.0382 ↓ -0.22 (-0.45 %) Net Assets (Cr) ₹430 on 30 Jun 24 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.29 Sharpe Ratio 4.18 Information Ratio 0.83 Alpha Ratio 37.85 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 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 Returns for LIC MF Infrastructure Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Jul 24 Duration Returns 1 Month 2.4% 3 Month 24.5% 6 Month 43.2% 1 Year 81.9% 3 Year 36.7% 5 Year 28.7% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Yogesh Patil 18 Sep 20 3.79 Yr. Mahesh Bendre 1 Jul 24 0 Yr. Data below for LIC MF Infrastructure Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 56.79% Basic Materials 9.34% Utility 8.35% Consumer Cyclical 7.16% Financial Services 5.04% Technology 2.88% Real Estate 2.32% Health Care 0.85% Communication Services 0.65% Asset Allocation
Asset Class Value Cash 6.62% Equity 93.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity Schneider Electric Infrastructure Ltd (Industrials)
Equity, Since 31 Dec 23 | SCHNEIDER4% ₹17 Cr 201,633
↑ 23,278 Bharat Bijlee Ltd (Industrials)
Equity, Since 31 Jul 22 | BBL4% ₹17 Cr 37,266
↑ 2,018 Garware Hi-Tech Films Ltd (Basic Materials)
Equity, Since 31 Aug 23 | 5006554% ₹17 Cr 72,151
↓ -4,188 Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP4% ₹15 Cr 41,374 Texmaco Rail & Engineering Ltd (Industrials)
Equity, Since 30 Nov 23 | TEXRAIL3% ₹15 Cr 597,104 Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Oct 20 | GSPL3% ₹14 Cr 475,703
↑ 178,599 Cummins India Ltd (Industrials)
Equity, Since 31 May 21 | CUMMINSIND3% ₹13 Cr 33,813 GE T&D India Ltd (Industrials)
Equity, Since 31 Jan 24 | GET&D3% ₹13 Cr 86,036 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Oct 23 | KIRLOSENG2% ₹10 Cr 72,593 REC Ltd (Financial Services)
Equity, Since 31 Jul 23 | RECLTD2% ₹10 Cr 187,819 2. LIC MF Large and Midcap Fund
CAGR/Annualized
return of 15.4% since its launch. Return for 2023 was 26.7% , 2022 was -2.3% and 2021 was 33.3% . LIC MF Large and Midcap Fund
Growth Launch Date 25 Feb 15 NAV (23 Jul 24) ₹38.3306 ↓ -0.11 (-0.29 %) Net Assets (Cr) ₹3,001 on 30 Jun 24 Category Equity - Large & Mid Cap AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 1.95 Sharpe Ratio 2.69 Information Ratio -0.37 Alpha Ratio 2.94 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 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 Returns for LIC MF Large and Midcap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Jul 24 Duration Returns 1 Month 2.4% 3 Month 17.7% 6 Month 26.3% 1 Year 47.4% 3 Year 20.6% 5 Year 21.8% 10 Year 15 Year Since launch 15.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Yogesh Patil 18 Sep 20 3.79 Yr. Dikshit Mittal 1 Jun 23 1.08 Yr. Data below for LIC MF Large and Midcap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 26.6% Industrials 23.21% Consumer Cyclical 21% Basic Materials 8.89% Technology 4.29% Health Care 3.73% Consumer Defensive 3.71% Energy 2.25% Utility 1.39% Communication Services 0.96% Real Estate 0.53% Asset Allocation
Asset Class Value Cash 3.45% Equity 96.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | HDFCBANK5% ₹142 Cr 845,123
↓ -7,284 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK5% ₹137 Cr 1,146,090 Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP4% ₹105 Cr 286,989
↓ -10,901 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | TRENT3% ₹89 Cr 162,102 REC Ltd (Financial Services)
Equity, Since 31 Aug 23 | RECLTD3% ₹79 Cr 1,500,835
↓ -121,397 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 20 | RELIANCE2% ₹67 Cr 215,328 Shriram Finance Ltd (Financial Services)
Equity, Since 31 May 23 | SHRIRAMFIN2% ₹60 Cr 207,557 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 23 | HONAUT2% ₹60 Cr 10,622
↓ -518 Bharat Bijlee Ltd (Industrials)
Equity, Since 31 Jul 23 | BBL2% ₹60 Cr 128,950 ZF Commercial Vehicle Control Systems India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | ZFCVINDIA2% ₹59 Cr 37,865
↑ 571 3. LIC MF Multi Cap Fund
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% . LIC MF Multi Cap Fund
Growth Launch Date 15 Feb 99 NAV (23 Jul 24) ₹100.289 ↑ 0.20 (0.20 %) Net Assets (Cr) ₹1,076 on 30 Jun 24 Category Equity - Multi Cap AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.26 Sharpe Ratio 2.19 Information Ratio -0.66 Alpha Ratio 0.37 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 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 Returns for LIC MF Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Jul 24 Duration Returns 1 Month 1.8% 3 Month 13.9% 6 Month 21.2% 1 Year 34.3% 3 Year 17% 5 Year 17% 10 Year 15 Year Since launch 10.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Nikhil Rungta 1 Jul 24 0 Yr. Jaiprakash Toshniwal 31 Jul 23 0.92 Yr. Data below for LIC MF Multi Cap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 33.84% Consumer Cyclical 14.92% Industrials 12.36% Consumer Defensive 11.81% Technology 7.26% Basic Materials 6.81% Health Care 4.81% Utility 2.37% Real Estate 1.01% Communication Services 0.52% Asset Allocation
Asset Class Value Cash 4.28% Equity 95.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK7% ₹73 Cr 431,695 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | KOTAKBANK4% ₹47 Cr 259,446 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 28 Feb 23 | HINDUNILVR4% ₹40 Cr 162,187 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | MOTHERSON3% ₹35 Cr 1,850,827
↓ -706,891 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 23 | TECHM3% ₹33 Cr 232,191 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | EIHOTEL3% ₹33 Cr 758,820 IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | INDUSINDBK3% ₹31 Cr 213,072 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Aug 23 | FEDERALBNK3% ₹31 Cr 1,750,427 Piramal Pharma Ltd (Healthcare)
Equity, Since 30 Sep 23 | PPLPHARMA3% ₹30 Cr 1,908,592 State Bank of India (Financial Services)
Equity, Since 31 Jul 23 | SBIN3% ₹29 Cr 346,119
↓ -114,771
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.
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 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.
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.
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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.
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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.
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.
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