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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 (%) 2022 (%) Sharpe Ratio LIC MF Large Cap Fund Growth ₹39.3444
↑ 0.07 ₹683 -3.9 -0.5 -5.6 10.2 9.6 -1.6 -0.36 LIC MF Multi Cap Fund Growth ₹64.5322
↑ 0.36 ₹397 -3.9 -0.6 -5.7 7.8 6.6 -2.6 -0.47 LIC MF Tax Plan Growth ₹95.7246
↑ 0.36 ₹412 -6 -2.5 -5.8 9 8.5 -1.6 -0.37 LIC MF Banking & Financial Services Fund Growth ₹15.1512
↑ 0.04 ₹112 -1.9 7.5 5.1 7.9 5.1 19.6 0.76 LIC MF Infrastructure Fund Growth ₹23.2639
↑ 0.01 ₹92 -1.8 -0.2 0.9 15.1 9.1 7.9 0.27 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Feb 23 Note: Ratio's shown as on 31 Dec 22
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 (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity LIC MF Liquid Fund Growth ₹3,995.95
↑ 0.78 ₹5,280 1.6 3 5 4.1 4.7 6.64% 1M 14D 1M 14D LIC MF Savings Fund Growth ₹33.5526
↑ 0.01 ₹702 1.5 2.5 4.2 4.8 3.8 7.18% 9M 16D 10M 9D LIC MF Banking and PSU Debt Fund Growth ₹29.1384
↑ 0.01 ₹1,245 1.6 2.2 3.5 4.6 3.1 7.34% 2Y 5M 19D 3Y 1M 10D LIC MF Bond Fund Growth ₹60.0335
↑ 0.02 ₹117 2.2 3.1 4.1 4.4 2.8 7.41% 6Y 1M 24D 8Y 7M 24D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Feb 23
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 (%) 2022 (%) LIC MF Equity Hybrid Fund Growth ₹134.716
↑ 0.35 ₹395 -2.4 -0.1 -4.4 6.6 6.4 -2.2 LIC MF Debt Hybrid Fund Growth ₹68.844
↑ 0.14 ₹63 0.7 1.7 1.8 6 5.9 0.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Feb 23
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 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 Below is the key information for LIC MF Banking & Financial Services Fund Returns up to 1 year are on 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 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 1. LIC MF Banking & Financial Services Fund
CAGR/Annualized
return of 5.4% since its launch. Return for 2022 was 19.6% , 2021 was 9.8% and 2020 was -2.1% . LIC MF Banking & Financial Services Fund
Growth Launch Date 27 Mar 15 NAV (02 Feb 23) ₹15.1512 ↑ 0.04 (0.25 %) Net Assets (Cr) ₹112 on 31 Dec 22 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.28 Sharpe Ratio 0.76 Information Ratio -0.19 Alpha Ratio 8.19 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 Jan 18 ₹10,000 31 Jan 19 ₹8,250 31 Jan 20 ₹9,759 31 Jan 21 ₹9,374 31 Jan 22 ₹11,360 31 Jan 23 ₹12,255 Returns for LIC MF Banking & Financial Services Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 2 Feb 23 Duration Returns 1 Month -4.5% 3 Month -1.9% 6 Month 7.5% 1 Year 5.1% 3 Year 7.9% 5 Year 5.1% 10 Year 15 Year Since launch 5.4% 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 1.32 Yr. Data below for LIC MF Banking & Financial Services Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 90.15% Health Care 1.89% Asset Allocation
Asset Class Value Cash 7.96% Equity 92.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK18% ₹20 Cr 226,059
↑ 56,979 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK11% ₹12 Cr 74,742
↑ 3,281 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN9% ₹11 Cr 172,355
↑ 22,622 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | AXISBANK9% ₹10 Cr 111,925
↑ 11,033 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC6% ₹6 Cr 24,064
↑ 2,080 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | KARURVYSYA4% ₹5 Cr 406,654 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC4% ₹5 Cr 50,272
↑ 7,266 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD4% ₹4 Cr 55,136
↑ 5,479 CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANK4% ₹4 Cr 172,915
↑ 4,981 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 21 | SUNDARMFIN3% ₹4 Cr 16,788
↑ 2,307 2. LIC MF Infrastructure Fund
CAGR/Annualized
return of 5.8% since its launch. Return for 2022 was 7.9% , 2021 was 46.6% and 2020 was -0.1% . LIC MF Infrastructure Fund
Growth Launch Date 29 Feb 08 NAV (02 Feb 23) ₹23.2639 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹92 on 31 Dec 22 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.26 Sharpe Ratio 0.27 Information Ratio -0.29 Alpha Ratio 0.97 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 Jan 18 ₹10,000 31 Jan 19 ₹8,386 31 Jan 20 ₹9,813 31 Jan 21 ₹9,650 31 Jan 22 ₹14,486 31 Jan 23 ₹15,022 Returns for LIC MF Infrastructure Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 2 Feb 23 Duration Returns 1 Month -3.7% 3 Month -1.8% 6 Month -0.2% 1 Year 0.9% 3 Year 15.1% 5 Year 9.1% 10 Year 15 Year Since launch 5.8% 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 2.29 Yr. Data below for LIC MF Infrastructure Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 62.31% Basic Materials 7.64% Consumer Cyclical 6.07% Communication Services 4.95% Technology 4.66% Utility 3.99% Energy 3.8% Real Estate 1.5% Asset Allocation
Asset Class Value Cash 5.08% Equity 94.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity Transport Corp of India Ltd (Industrials)
Equity, Since 30 Sep 20 | TCI6% ₹6 Cr 96,083
↑ 4,369 KSB Ltd (Industrials)
Equity, Since 31 May 21 | KSB6% ₹5 Cr 27,640 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 13 | 5325386% ₹5 Cr 7,343
↑ 509 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL5% ₹4 Cr 53,422 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Jul 22 | POWERINDIA5% ₹4 Cr 12,816 SKF India Ltd (Industrials)
Equity, Since 31 Mar 13 | SKFINDIA4% ₹4 Cr 8,708 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE4% ₹3 Cr 13,736 Kennametal India Ltd (Industrials)
Equity, Since 30 Sep 22 | KENNAMET4% ₹3 Cr 15,475
↑ 2,189 Ashoka Buildcon Ltd (Industrials)
Equity, Since 30 Sep 20 | ASHOKA4% ₹3 Cr 370,088
↑ 33,893 Blue Dart Express Ltd (Industrials)
Equity, Since 30 Sep 20 | BLUEDART4% ₹3 Cr 4,200
↑ 619 3. LIC MF Large Cap Fund
CAGR/Annualized
return of 10.2% since its launch. Ranked 66 in Large Cap
category. Return for 2022 was -1.6% , 2021 was 23.8% and 2020 was 13.8% . LIC MF Large Cap Fund
Growth Launch Date 3 Feb 99 NAV (02 Feb 23) ₹39.3444 ↑ 0.07 (0.17 %) Net Assets (Cr) ₹683 on 31 Dec 22 Category Equity - Large Cap AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.2 Sharpe Ratio -0.36 Information Ratio -0.73 Alpha Ratio -6.43 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 Jan 18 ₹10,000 31 Jan 19 ₹9,644 31 Jan 20 ₹11,452 31 Jan 21 ₹12,448 31 Jan 22 ₹15,818 31 Jan 23 ₹15,313 Returns for LIC MF Large Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 2 Feb 23 Duration Returns 1 Month -3.3% 3 Month -3.9% 6 Month -0.5% 1 Year -5.6% 3 Year 10.2% 5 Year 9.6% 10 Year 15 Year Since launch 10.2% 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 2.29 Yr. Data below for LIC MF Large Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 41.79% Technology 12.94% Consumer Cyclical 9.48% Basic Materials 9.42% Consumer Defensive 9.14% Energy 5.92% Health Care 4.58% Industrials 2.63% Communication Services 1.79% Asset Allocation
Asset Class Value Cash 2.31% Equity 97.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK10% ₹66 Cr 405,840 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK9% ₹61 Cr 683,444 Infosys Ltd (Technology)
Equity, Since 31 Dec 09 | INFY7% ₹50 Cr 334,129 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE6% ₹40 Cr 158,795 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | AXISBANK5% ₹31 Cr 329,900 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS4% ₹26 Cr 80,787 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | KOTAKBANK4% ₹24 Cr 132,516 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹24 Cr 388,684
↑ 57,428 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹23 Cr 180,976 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Dec 18 | TITAN3% ₹18 Cr 70,180
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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