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LIC Mutual Fund | LIC SIP | Best Mutual Funds by LIC MF

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LIC Mutual Fund

Updated on December 9, 2019 , 1442 views

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
Email 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.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)Sharpe Ratio
LIC MF Large Cap Fund Growth ₹28.7438
↑ 0.13
₹30610.55.615.2137.90.71.28
LIC MF Multi Cap Fund Growth ₹50.0249
↑ 0.15
₹2998.74.813.38.24.4-7.71.21
LIC MF Tax Plan Growth ₹71.8571
↑ 0.23
₹2519.75.913.213.99.1-1.10.97
LIC MF Banking & Financial Services Fund Growth ₹12.1497
↑ 0.08
₹5813421.67.3 -181.04
LIC MF Infrastructure Fund Growth ₹14.9706
↑ 0.10
₹5510.50.915.3105-14.60.71
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Dec 19
Note: Ratio's shown as on 31 Oct 19

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.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2018 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
LIC MF Liquid Fund Growth ₹3,514.41
↑ 0.48
₹9,4031.42.96.66.87.35.41%26D
LIC MF Savings Fund Growth ₹28.8858
↑ 0.01
₹9491.773.85.87.26.29%1Y 21D
LIC MF Banking and PSU Debt Fund Growth ₹25.1545
↑ 0.00
₹1,0851.64.710.37.77.26.4%2Y 4M 20D
LIC MF Bond Fund Growth ₹52.0511
↑ 0.01
₹2460.74.29.35.24.96.99%6Y 8M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Dec 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.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
LIC MF Equity Hybrid Fund Growth ₹108.534
↑ 0.25
₹3906.74.313.18.45.1-4.5
LIC MF Debt Hybrid Fund Growth ₹57.0042
↓ -0.04
₹671.93.78.85.161.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Dec 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.

1. 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 4.2% since its launch.  Return for 2018 was -18% , 2017 was 32.7% and 2016 was 10.5% .

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 (12 Dec 19) ₹12.1497 ↑ 0.08   (0.65 %)
Net Assets (Cr) ₹58 on 31 Oct 19
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.82
Sharpe Ratio 1.04
Information Ratio -1.26
Alpha Ratio -3.71
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.

DateValue
30 Nov 15₹9,012
30 Nov 16₹9,995
30 Nov 17₹12,652
30 Nov 18₹10,036
30 Nov 19₹12,076

LIC MF Banking & Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
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 12 Dec 19

DurationReturns
1 Month 2.9%
3 Month 13%
6 Month 4%
1 Year 21.6%
3 Year 7.3%
5 Year
10 Year
15 Year
Since launch 4.2%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -18%
2017 32.7%
2016 10.5%
2015
2014
2013
2012
2011
2010
2009
Fund Manager information for LIC MF Banking & Financial Services Fund
NameSinceTenure
Yogesh Patil1 Oct 180.33 Yr.

Data below for LIC MF Banking & Financial Services Fund as on 31 Oct 19

Equity Sector Allocation
SectorValue
Financial Services97.75%
Asset Allocation
Asset ClassValue
Cash2.25%
Equity97.75%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
25%₹15 Cr118,250
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
13%₹7 Cr159,898
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
11%₹7 Cr41,961
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
10%₹6 Cr80,878
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC
8%₹5 Cr21,227
City Union Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | CUB
7%₹4 Cr203,740
↓ -14,000
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 16 | FEDERALBNK
4%₹2 Cr275,805
↓ -35,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 17 | 500034
3%₹2 Cr4,797
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 May 16 | CHOLAFIN
3%₹2 Cr56,705
↓ -19,000
Treps
CBLO/Reverse Repo | -
3%₹2 Cr

2. 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 3.5% since its launch.  Return for 2018 was -14.6% , 2017 was 42.2% and 2016 was -2.2% .

Below is the key information for LIC MF Infrastructure Fund

LIC MF Infrastructure Fund
Growth
Launch Date 29 Feb 08
NAV (12 Dec 19) ₹14.9706 ↑ 0.10   (0.70 %)
Net Assets (Cr) ₹55 on 31 Oct 19
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.83
Sharpe Ratio 0.71
Information Ratio -0.05
Alpha Ratio 2.39
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.

DateValue
30 Nov 14₹10,000
30 Nov 15₹9,351
30 Nov 16₹9,316
30 Nov 17₹12,298
30 Nov 18₹10,782
30 Nov 19₹12,334

LIC MF Infrastructure Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120
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 12 Dec 19

DurationReturns
1 Month 1.8%
3 Month 10.5%
6 Month 0.9%
1 Year 15.3%
3 Year 10%
5 Year 5%
10 Year
15 Year
Since launch 3.5%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -14.6%
2017 42.2%
2016 -2.2%
2015 -6.2%
2014 49.6%
2013 -3.6%
2012 26.6%
2011 -35.1%
2010 8.3%
2009 62.9%
Fund Manager information for LIC MF Infrastructure Fund
NameSinceTenure
Sachin Relekar1 Mar 135.92 Yr.

Data below for LIC MF Infrastructure Fund as on 31 Oct 19

Equity Sector Allocation
SectorValue
Financial Services37.45%
Industrials17.52%
Basic Materials16.8%
Energy10.13%
Communication Services4.62%
Real Estate3.66%
Technology0.5%
Asset Allocation
Asset ClassValue
Cash9.31%
Equity90.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
10%₹6 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | HDFCBANK
10%₹5 Cr42,682
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | ICICIBANK
10%₹5 Cr112,455
↓ -5,900
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
7%₹4 Cr27,400
City Union Bank Ltd (Financial Services)
Equity, Since 31 May 14 | CUB
7%₹4 Cr175,692
Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Jul 14 | RAMCOCEM
6%₹3 Cr44,085
SKF India Ltd (Industrials)
Equity, Since 31 Mar 13 | SKFINDIA
6%₹3 Cr14,322
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
5%₹3 Cr67,388
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 19 | 532215
4%₹2 Cr30,000
↑ 30,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 09 | SBIN
4%₹2 Cr69,200

3. 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 10.1% since its launch.  Ranked 66 in Large Cap category.  Return for 2018 was 0.7% , 2017 was 26.8% and 2016 was 2.3% .

Below is the key information for LIC MF Large Cap Fund

LIC MF Large Cap Fund
Growth
Launch Date 3 Feb 99
NAV (12 Dec 19) ₹28.7438 ↑ 0.13   (0.46 %)
Net Assets (Cr) ₹306 on 31 Oct 19
Category Equity - Large Cap
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 1.28
Information Ratio -0.63
Alpha Ratio 4.92
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.

DateValue
30 Nov 14₹10,000
30 Nov 15₹9,708
30 Nov 16₹9,972
30 Nov 17₹12,174
30 Nov 18₹12,466
30 Nov 19₹14,202

LIC MF Large Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
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 12 Dec 19

DurationReturns
1 Month 0.6%
3 Month 10.5%
6 Month 5.6%
1 Year 15.2%
3 Year 13%
5 Year 7.9%
10 Year
15 Year
Since launch 10.1%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sachin Relekar5 Mar 154.66 Yr.
Ritu Modi1 Nov 190 Yr.

Data below for LIC MF Large Cap Fund as on 31 Oct 19

Equity Sector Allocation
SectorValue
Financial Services44.27%
Consumer Defensive12.8%
Technology12.13%
Consumer Cyclical9.76%
Basic Materials5.64%
Energy5.08%
Industrials1.94%
Health Care0.46%
Asset Allocation
Asset ClassValue
Cash7.9%
Equity92.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK
9%₹27 Cr222,480
Treps
CBLO/Reverse Repo | -
8%₹25 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK
7%₹23 Cr494,200
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | KOTAKBANK
7%₹22 Cr141,900
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS
7%₹20 Cr88,400
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 18 | 500034
6%₹20 Cr48,500
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 17 | 532978
6%₹18 Cr22,483
Infosys Ltd (Technology)
Equity, Since 31 Dec 09 | INFY
6%₹17 Cr248,160
↑ 23,200
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
5%₹16 Cr106,100
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 16 | HDFC
5%₹14 Cr65,650
↓ -14,000

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?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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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.

Know Your Monthly SIP Amount

   
My Goal Amount:
Goal Tenure:
Years
Expected Annual Returns:
%
Total investment required is ₹3/month for 20 Years
  or   ₹257 one time (Lumpsum)
to achieve ₹5,000
Invest Now

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

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