LIC Mutual Fund
LIC mutual fund, established in 1989 by the Life Insurance Corporation of India, is one of the biggest and trusted brand names in the financial service sector. As of December 2023, the total assets under management of the company stood at Rs 27,307.23 crore. LIC mutual fund aims to create value for its clients by implementing creative and strong investing methods that appeal to all investor groups.
The company has a massive distribution network throughout the country which it benefits from its existing network of distributors, branches, agents and online platform. It has 38 mutual fund schemes out of which there are 19 equity schemes, 10 debt schemes, 7 hybrid schemes, and 2 solution-oriented schemes.
Best LIC Mutual Funds
List of LIC Mutual Fund Asset Management Limited Fund Managers
Key information about LIC Mutual Funds
Industrial Assurance Building, 4th Floor, Opp. Churchgate Station, Mumbai - 400020
1800 258 5678 (Toll Free)
Fax: +91 22 6601 6191
service_licmf@kfintech.com
Compare LIC Mutual Fund with other AMCs
AMC | AUM(in Cr) | AUM change (1M) | AUM Rank | |
|---|---|---|---|---|
 Zerodha | ₹914.6 Cr | - ₹37.4 Cr | 3/45 | Invest |
 ICICI | ₹8L Cr | - ₹33.5K Cr | 4/45 | Invest |
 SBI | ₹7.4L Cr | - ₹25.7K Cr | 5/45 | Invest |
 HDFC | ₹7.6L Cr | - ₹41.8K Cr | 6/45 | Invest |
 Kotak | ₹4.6L Cr | - ₹23.1K Cr | 7/45 | Invest |
 Nippon | ₹3.9L Cr | - ₹23.4K Cr | 8/45 | Invest |
 Aditya Birla Sun Life | ₹3.7L Cr | - ₹7.6K Cr | 9/45 | Invest |
 Axis | ₹3.1L Cr | - ₹14K Cr | 10/45 | Invest |
How to Start Investing in LIC Mutual Funds with INDmoney
After you have understood how LIC Mutual Funds are, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.
Step 1: Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2: Once your Free investment account is ready, you can either search for a LIC mutual fund or go to the mutual fund section.
Step 3: Choose any LIC Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4: You can choose to set up SIP in any LIC Mutual Funds or even invest as a lump sum. Once you are on the individual LIC mutual Fund page, click on “One-time” for lump sum investment or “SIP” for systematic investment plan.
Step 5: Choose the amount that you want to invest as SIP or Lump Sum.
Step 6: Set up payments. If you choose to set up SIP in any LIC mutual funds, you can do a free automatic pay set-up via bank mandate or UPI. If you choose to invest in a lump sum (one-time), then you can pay via UPI, netbanking, NEFT or RTGS.
Frequently asked questions
How to calculate LIC Mutual Fund SIP ?
You can calculate the Daily/ Weekly/ Monthly/ Quarterly SIP Amount for all LIC Mutual Funds using INDMoney’s Trust SIP Calculator
How can I get an account statement for my investment in LIC Mutual Fund?
You can receive your LIC Mutual Fund account statement on your registered email and INDMoney’s online portal after you invest.
Is it safe to invest in a LIC mutual fund?
All LIC mutual funds are registered under SEBI and the latter monitors every transaction that occurs to and from this AMC. Hence, you can invest in this mutual fund without worrying about fraud or theft. However, note that all mutual funds carry some investment risks.
How to redeem a LIC mutual fund?
There are various ways you can redeem your LIC Mutual Fund. If you have invested from IND money, you can simply place your redemption request from the INDmoney mobile app.
What are the factors you should consider for investing in a mutual funds
Some of the factors you should consider for investing in a mutual fund are:
- Experience of the fund manager
- Past performance of the fund
- AMC’s reputation
- Your risk appetite
- Investment horizon
- Portfolio of the scheme