LIC Mutual Fund

About LIC Mutual Fund

LIC Mutual Fund is run by LIC Mutual Fund Asset Management Limited, sponsored by Life Insurance Corporation of India (LIC), the country's largest and oldest life insurance company, giving the AMC one of the most recognisable public-sector financial brands in India behind it.

Ownership and Heritage

LIC, a wholly government-owned insurance corporation with an extensive nationwide presence, is the principal sponsor of LIC Mutual Fund, similar in structure to how other public-sector-backed AMCs in this directory (like SBI and UTI) draw on their sponsor's brand recognition and distribution network. LIC itself is also a significant institutional investor in Indian equity and debt markets more broadly, separate from its mutual fund subsidiary's own operations.

Fund Range and Approach

LIC Mutual Fund offers a scheme range across large-cap, mid-cap, small-cap and flexi-cap equity funds, debt funds, and hybrid schemes, positioned to appeal to investors already familiar with the LIC brand from its insurance products.

Who Should Consider LIC Mutual Fund

Investors who value the LIC brand's long-standing public recognition and public-sector backing, particularly existing LIC insurance policyholders exploring mutual funds for the first time, often consider LIC Mutual Fund as a starting point for their research.

Comparing LIC Schemes With Other Fund Houses

When comparing an LIC scheme against alternatives, check the historical CAGR across multiple periods, the expense ratio relative to category peers, and fund manager tenure - LIC's brand recognition doesn't by itself indicate how a specific scheme has actually performed, so these numbers remain the key comparison points.

Checking a Scheme's Risk-o-Meter and Category

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

LIC schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee difference between the two.

Checking Fund Manager Continuity

Before relying on an LIC scheme's published long-term returns, check how long its current fund manager has actually run it - a track record is most meaningful when the same manager or team delivered it. Each scheme's official factsheet, available on the AMC's own website, shows the current manager and their tenure, along with the scheme's exact benchmark and category.

Investing With LIC Mutual Fund

Every scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.