WHAT IS LIC MUTUAL FUND

LIC mutual fund is one of the trusted companies in India. It is associated with the Life Insurance Corporation of India. LIC mutual company was 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 purchase mutual funds by following the mentioned process step by step

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

7 Best Schemes of LIC mutual fund.

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

  1. LIC MF Infrastructure Fund – Direct Plan

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

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

This fund is the best compared to the same categories. The minimum investment of this scheme is 1000 ₹. It is one of the exceptional 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
  4. LIC MF infrastructure fund direct growth

This fund frequently performed better than the benchmark in the sectoral segment. It gives an -6.74% annual return in the last three 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 substantial debt mutual funds in India.

  •   Risk High  
  •   Min SPI Amount 1000 ₹  
  •   Expense Ratio of 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 three years. In the previous year, it delivers -13.47%

This fund is the best 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 of 500 ₹  
  •   Expense Ratio of 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
  3. 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 three 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 of 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
  3. 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 three years. In the previous year, it delivers 16.2%

This fund is the best 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 of 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
  3. 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 three years. In the previous year, it delivers 4.21%

This fund is the best 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 of 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 model.

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

Note: If you are reading this article a few days after it’s publishing, 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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