LIC MUTUAL FUND

LIC mutual fund is one of the trusted company in India, It is associate with Life Insurance Corporation of India. LIC mutual company established in 1989 and working for the last 30 years.

As per the report, LIC mutual fund currently operates with Rs. 290 crores with 22 schemes. In the Indian Stock Market, it has nearly 90% investment. The nominal price of the LIC mutual fund is Rs. 10/-. We have also written the best LIC health Insurance plans. 

The main office of LIC mutual funds is in Mumbai.

How to Invest in LIC mutual fund?

LIC mutual fund gives an offer to their customers to buy mutual funds. You can buy mutual funds by following the mentioned process step by step

Step 1: If you are a new user then create an account or existing then log in your account.

Step 2: If you are a new customer then you have to upload government proof like Aadhar card, PAN card, Passport, etc. (Note:- It’s Compulsory for creating an account)

Step 3: You have to submit that proof as per the address. It’s necessary as per LIC mutual funds guidelines.

Step 4: After submitting detail, you have to select a period from the options.

Step 5: Select an investment plan as per your choice. There were some plans like low, mid, high-risk.

Step 6: Select the investment plans, we will discuss theme soon

Step 7: Applicant will have the opportunity to select whether they want to invest via SIP through the Start SIP or Invest One Time.

Top 7 Best Schemes for LIC mutual fund.

Here, we discussed 10 LIC mutual funds that can help you to invest and earn. Try to understand deeply and take your decision of choosing a plan.

1. LIC MF Infrastructure Fund – Direct Plan

This fund is good in banking and PSU segment. In the Last 3 years, this plan gives an 8.7% annual return. In the previous year, it returns 10.65%

This fund is the best fund compared to the same categories. The minimum investment of this scheme is 1000 ₹.

  • Fund Detail
Risk Moderate
Min SPI Amount 1000 ₹
Expense Ratio 0.28 %
Nav 27.39 ₹
Fund Size ₹1320 Cr
  • Return
  1Y 3Y 5Y Since inception
LIC MF Banking & PSU 10.6 % 8.7 % 8.4 % 8.3%
Category Average 9.6 % 7.6 % 7.9 %
Rank within Category 12 6 11

Pros:-

  1. Lower Expense Ratio
  2. Returns are higher than the benchmark
  3. exit load is zero

Cons:-

  1. Risk is higher than the benchmark

2. LIC MF Large Cap Fund Direct-Growth

This fund is constantly performing better than other the benchmark. It gives an -0.76% annual return in the last 3 years. In the previous year, it delivers -8.87%

This fund is the best fund compared to the same categories. The minimum investment of this scheme is 1000 ₹. It is one of the notable quality mutual funds in India.

  • Fund Detail
Risk High
Min SPI Amount 1000 ₹
Expense Ratio 1.59%
NAV 24.47 ₹
Fund Size ₹ 306 Cr
  • Return
  1Y 3Y 5Y Since inception
LIC MF Large Cap -8.6% 0.7% 3.6% 8.4%
Category Average -20.4% 0.4% 5.6%
Rank within category 7 12 24

Pros:-

  1. Risk lower than the benchmark
  2. 1Y Return is more than the benchmark

Cons:-

  1. 3Y is lower than the benchmark
  2. 5Y re lower than the benchmark
  3. Risk-adjusted return compared to the category

3. LIC MF infrastructure fund direct growth

This fund constantly performed better than the benchmark in the sectoral segment. It gives an -6.74% annual return in the last 3 years. In the previous year, it delivers -20.64%

This fund is the best to fund compared to the same categories. The minimum investment of this scheme is 1000 ₹. It is one of the notable debt mutual funds in India.

Risk High
Min SPI Amount 1000 ₹
Expense Ratio 1.59%
NAV 24.47 ₹
Fund Size ₹ 306 Cr
  1Y 3Y 5Y Since inception
LIC MF Large Cap -8.6% 0.7% 3.4% 8.4%
Category Average -20.4% 0.4% 5.6%
Rank within category 7 12 24

Pros:-

  1. Risk is lower compared to the benchmark
  2. 1Y return is higher than the benchmark

Cons:-

  1. 3Y is lower than the benchmark
  2. 5Y re lower than the benchmark
  3. Risk-adjusted return compared to the category

4. LIC MF Gov. Securities Fund Direct-Growth

This fund constantly performed better than the benchmark in the Glit segment. It gives an -0.79% annual return in the last 3 years. In the previous year, it delivers -13.47%

This fund is the best fund compared to the same categories. The minimum investment in this scheme is 500 ₹. It is one of the notable debt mutual funds in India

Risk High
Min SPI Amount 500 ₹
Expense Ratio 0.52%
NAV 48.97 ₹
Fund Size ₹ 52 Cr
  1Y 3Y 5Y Since inception
LIC MF Large Cap 16.2% 9.3% 9.5% 8.9%
Category Average 14.5% 8.2% 8.5%
Rank within category 9 10 12

Pros:-

  1. 1Y return is higher than the benchmark
  2. 2Y return is higher than the benchmark
  3. 3Y return is higher than the benchmark

Cons:-

  1. AUM is less than 100 Cr
  2. Risk is more than benchmark

5. LIC MF Tax Direct Plan-Growth

This fund constantly performed better than the benchmark in the Glit segment. It gives a 9.28% annual return in the last 3 years. In the previous year, it delivers 16.2%

This fund is the best to fund compared to the same categories. The minimum investment of this scheme is 1000 ₹. It is one of the notable debt mutual funds in India

Risk High
Min SPI Amount 1000 ₹
Expense Ratio 0.52%
NAV 48.97 ₹
Fund Size ₹ 52 Cr
  1Y 3Y 5Y Since inception
LIC MF Large Cap 16.2% 9.3% 9.5% 8.9%
Category Average 14.5% 8.2% 8.5%
Rank within category 9 10 12

Pros:-

  1. 1Y return is higher than the benchmark
  2. 2Y return is higher than the benchmark
  3. 3Y return is higher than the benchmark

Cons:-

  1. AUM is less than 100 Cr
  2. Risk is more than benchmark

6. LIC Large & Mid Cap Fund Direct-Growth

This fund constantly performed better than the benchmark in the Glit segment. It gives a 9.28% annual return in the last 3 years. In the previous year, it delivers 16.2%

This fund is the best fund compared to the same categories. The minimum investment of this scheme is 1000 ₹. It is one of the notable debt mutual funds in India

Risk High
Min SPI Amount 1000 ₹
Expense Ratio 0.52%
NAV 48.97 ₹
Fund Size ₹ 52 Cr
  1Y 3Y 5Y Since inception
LIC MF Large Cap 16.2% 9.3% 9.5% 8.9%
Category Average 14.5% 8.2% 8.5%
Rank within category 9 10 12

Pros:-

  1. 1Y return is higher than the benchmark
  2. 2Y return is higher than the benchmark
  3. 3Y return is higher than the benchmark

Cons:-

  1. AUM is less than 100 Cr
  2. Risk is more than benchmark

7. LIC MF Saving Fund Direct-Growth

This fund constantly performed better than the benchmark in the Glit segment. It gives a 6.17% annual return in the last 3 years. In the previous year, it delivers 4.21%

This fund is the best fund compared to the same categories. The minimum investment of this scheme is 1000 ₹. It is one of the notable debt mutual funds in India

Risk Moderate
Minimum SPI Amount ₹ 1000
Expense Ratio 0.28%
NAV ₹31.09
Fund Size ₹605 Cr
  1Y 2Y 3Y Since inception
LIC MF Savings Fund 4.2 % 6.2 % 7.2 % 7.8 %
Category Average 0.5 % 4.6 % 5.9%
Rank within Category 15 15 14 %

Pros:

  1. Lower Expense Ratio
  2. Exit Load is Zero

Cons:-

  1. 1Y return is higher than the benchmark
  2. 3Y return is higher than the benchmark
  3. 5Y return is higher than the benchmark
  4. Risk is more than compared to the benchmark.

I hope that everyone has got an idea about the LIC mutual fund. If you find our article helpful then please make sure to share this article with your loved ones. For LIC MERCHANT PORTAL you can visit: 

Note: If all of you are reading this article a few days after it is published, the percentage and the data will not be the same, and if you have found any outdated data in our article, please let us know via a comment. We will be very grateful to you.

 

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