LIC Mutual Fund – Schemes & NAV

Q: Are LIC Mutual Fund mutual fund's schemes safe to invest in?

Yes, LIC Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including LIC Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.

Q: Are LIC Mutual Fund mutual funds tax-free?

LIC Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.

Q: Which are the top performing funds of LIC Mutual Fund?

Here are some of the best-performing funds from LIC Mutual Fund AMC based on past 5-year returns: Fund Name 5-Year Return (%) LIC MF ELSS Tax Saver 11.17% LIC MF Healthcare Fund 10.47% LIC MF Focused Fund 9.35% LIC MF Balanced Advantage Fund 0% LIC MF Large Cap Fund 8.77%

Q: Are LIC Mutual Fund a good choice for long-term capital appreciation?

Yes, LIC Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check LIC Mutual Fund AMC fund performance.

Q: How can I check my LIC Mutual Fund mutual funds status on Rupeezy?

You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.

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LIC Mutual Fund

LIC Mutual Fund was established in 1989 by Life Insurance Corporation of India. LIC Mutual Fund is a well-known and significant player in the asset management industry.LIC is a government-run enterprise and the largest life insurer in the world. LIC Mutual Fund is sponsored by LIC Mutual Fund Asset Management Ltd. which has the following stakeholders: LIC of India (44.61%), LIC Housing Finance Ltd (33.52%), GIC Housing Finance (9.98%), IDBI Asset Management Limited (8.49%), Union Bank of India (3.40%).LIC Mutual Fund offers 34 mutual fund schemes to investors. The AMC manages an Average AUM of Rs. 29,443.25 Cr as of June 2024.

List of All LIC Mutual Fund

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Debt

Hybrid

ELSS

Index

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3Y Return

Fund Name	Return	Risk	Cat. Avg
LIC MF Infrastructure Fund Equity●Sector Funds	27.14%	27.14%	-
LIC MF Nifty Next 50 Index Fund Equity●Index Funds	19.67%	19.67%	-
LIC MF Dividend Yield Fund Equity●Dividend Yield	19.32%	19.32%	-
LIC MF Healthcare Fund Equity●Sector Funds	19.25%	19.25%	-
LIC MF Midcap Fund Equity●Mid Cap Fund	19.05%	19.05%	-
LIC MF Multi Cap Fund Equity●Multi Cap Fund	18.6%	18.60%	-
LIC MF Small Cap Fund Equity●Small cap Fund	16.8%	16.80%	-
LIC MF Large & Midcap Fund Equity●Large & Mid Cap	16.8%	16.80%	-
LIC MF Value Fund Equity●Value Fund	15.69%	15.69%	-
LIC MF ELSS Tax Saver Equity●Equity Linked Savings Scheme	13.18%	13.18%	-
LIC MF Flexi Cap Fund Equity●Flexi Cap Fund	13.05%	13.05%	-
LIC MF Aggressive Hybrid Fund Hybrid●Aggressive Hybrid Fund	12%	12.00%	-
LIC MF Banking & Financial Services Fund Equity●Sector Funds	11.59%	11.59%	-
LIC MF Nifty 50 Index Fund Equity●Index Funds	10.86%	10.86%	-
LIC MF Large Cap Fund Equity●Large Cap Fund	10.19%	10.19%	-
LIC MF BSE Sensex Index Fund Equity●Index Funds	9.16%	9.16%	-
LIC MF Equity Savings Fund Hybrid●Equity Savings	8.81%	8.81%	-
LIC MF Focused Fund Equity●Focused Fund	8.77%	8.77%	-
LIC MF Balanced Advantage Fund Hybrid●Dynamic Asset Allocation	7.92%	7.92%	-
LIC MF Liquid Fund Debt●Liquid	6.9%	6.90%	-
LIC MF Banking & PSU Fund Debt●Banking and PSU Fund	6.76%	6.76%	-
LIC MF Low Duration Fund Debt●Low Duration	6.6%	6.60%	-
LIC MF Arbitrage Fund Hybrid●Arbitrage Fund	6.59%	6.59%	-
LIC MF Medium to Long Duration Fund Debt●Medium to Long Duration	6.54%	6.54%	-
LIC MF Short Duration Fund Debt●Short Duration	6.45%	6.45%	-
LIC MF Ultra Short Duration Fund Debt●Ultra Short Duration	6.35%	6.35%	-
LIC MF Money Market Fund Debt●Money Market	6.31%	6.31%	-
LIC MF Overnight Fund Debt●Overnight Fund	6.18%	6.18%	-
LIC MF Conservative Hybrid Fund Hybrid●Conservative Hybrid Fund	6.14%	6.14%	-
LIC MF Gilt Fund Debt●Gilt	4.67%	4.67%	-
LIC MF Manufacturing Fund Equity●Thematic Fund	-	-	-
LIC MF Consumption Fund Equity●Sector Funds	-	-	-
LIC MF Multi Asset Allocation Fund Hybrid●Multi Asset Allocation	-	-	-
LIC MF Technology Fund Equity●Sector Funds	-	-	-

Details of LIC Mutual Fund

Founding Date	April 20, 1994
Address	4th Floor, Industrial Assurance Building, Opp. Churchgate Station, Mumbai - 400 020
Email	service@licnomuramf.com
Telephone	022-66016000

Documents Required to Invest

To invest in LIC Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:

Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)

How to Invest in LIC Mutual Fund

Step 1: Download the Rupeezy App if you do not have an account.

Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.

Step 3: Select LIC Mutual Fund and review the scheme list in each category.

Step 4: Assess the funds' performance and risk parameters.

Step 5: Select the appropriate category as per your financial goal and risk appetite.

Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.

Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.

Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.

LIC Mutual Fund FAQs

Q1. Are LIC Mutual Fund mutual fund's schemes safe to invest in?

Q2. Are LIC Mutual Fund mutual funds tax-free?

Q3. Which are the top performing funds of LIC Mutual Fund?

Fund Name	5-Year Return (%)
LIC MF ELSS Tax Saver	11.17%
LIC MF Healthcare Fund	10.47%
LIC MF Focused Fund	9.35%
LIC MF Balanced Advantage Fund	0%
LIC MF Large Cap Fund	8.77%

Q4. Are LIC Mutual Fund a good choice for long-term capital appreciation?

Q5. How can I check my LIC Mutual Fund mutual funds status on Rupeezy?

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