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
Factors to consider before investing in LIC Mutual Fund
Here are some of the factors to take into consideration before investing in LIC Mutual Fund:
Asset under management:
Asset under management or AUM is the total asset value which is being managed by a particular mutual fund scheme. A greater AUM signifies a larger pool of funds collected from the investors.
The LIC Mutual Fund SIP calculator enables you to get an idea of the estimated returns based on the past performance of the scheme. It helps you to determine the total investment amount over a duration of 1 year, or 3 years, along with the profit percentage.
Expense Ratio:
It is one of the vital things to consider before investing in a mutual fund scheme as it indicates the deductible expenses of a particular mutual fund scheme. It is basically a specific amount charged on your total investment value. Hence, an investor always looks for a mutual fund scheme with a low expense ratio. An expense ratio is levied to meet various AMC expenditures such as the salary of fund managers, the salary research analyst and other scheme-related expenditures.
Investment Duration:
It is always recommended to set an objective before starting your mutual fund investments. And based on your goals you can determine the duration of your investment. For instance, your investment objective can be to buy a new car in 5 years.
Performance of the Fund:
It is the return on investment that the fund has delivered over the years. LIC mutual fund performance is demonstrated in their mutual fund scheme pages. These returns on investments are expressed in an annualised rate of return known as compound annual growth rate (CAGR). Usually, on an AMC page, you will find 1 year, 3 years, 5 years and since inception, CAGR rates are demonstrated graphically.
You can also use the INDmoney app to track the past performance of any scheme that you wish to invest in.
Fund Manager’s Experience
As per SEBI, all the AMC (asset management companies) are mandated to declare the fund's assets under management along with the experience of the fund managers. Therefore it is always recommended to check the fund manager’s experience, academic qualification and the number of funds he or she is managing.
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 lumpSum. Once you are on the individual LIC mutual Fund page click from the bottom “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 LumpSum.
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 lumpsum (one-time) then you can pay via UPI, netbanking, NEFT or RTGS.
Frequently asked questions
You can calculate the Daily/ Weekly/ Monthly/ Quarterly SIP Amount for all LIC Mutual Funds using INDMoney’s Trust SIP Calculator
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are the five top-performing LIC mutual funds
You can receive your LIC Mutual Fund account statement on your registered email and INDMoney’s online portal after you invest.
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.
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.
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
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