Credit Score powered by our Bureau Partners ^®|

LIC Mutual Fund

Get your FREE Credit Score & Report in just 2 minutes

LIC Mutual Fund

LIC Mutual Fund was established in April 1989 by Life Insurance Corporation of India. LIC Mutual Fund offers a variety of schemes under different types of funds such as Equity Funds, Debt Funds, HYBRID Funds, Solution Oriented Funds and ETFs & Index Funds. These funds cater to different risk appetite of the investors and helps in generating optimal returns for their investments. The details of schemes under these funds are elaborated below.

LIC Mutual Fund

Types of LIC Mutual Funds
Debt Funds
Hybrid Funds
Solution Oriented Funds
ETF and Index Funds
Documents required for investing in LIC Mutual Fund
FAQs: LIC Mutual Fund

Types of LIC Mutual Funds

Equity Funds

LIC MF Banking & Financial Services Fund

Description	Predominantly invests in a portfolio of equity and equity related securities of companies engaged in banking and financial services
Objective	Generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking and financial services sector
Benchmark Index	NIFTY Financial Services Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	80%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-20% in debt and money market instruments
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Multicap Fund

Description	Predominantly Investing in Large, Mid & Small-cap stocks
Objective	An open ended pure growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth.
Benchmark Index	Nifty 500 Index
Minimum application amount	Application Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation	65%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-35% in debt and money market instruments
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Large Cap Fund

Description	A Fund that primarily invest in large-cap stock.
Objective	To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives
Benchmark Index	Nifty 100 Index
Minimum application amount	Application Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation	80%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-20% in debt and money market instruments
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Infrastructure Fund

Description	Investment in equity and equity related instrument of directly or indirectly engaged in infrastructure sector.
Objective	The investment objective of the scheme is to generate long-term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector.
Benchmark Index	Nifty Infrastructure
Minimum application amount	Application Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation	80%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-20% in debt and money market instruments
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Large & Mid Cap Fund

Description	A fund that primarily invests in Large and Mid-Cap stocks.
Objective	To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
Benchmark Index	Nifty Large Midcap 250 Index
Minimum application amount	Application Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation	70%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-30% in debt and money market instruments
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Tax Plan

Description	Investment in equity and equity related securities.
Objective	To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets.
Benchmark Index	Nifty 500 Index
Minimum application amount	Application Amount (Other than fresh purchase through SIP) – Rs.5,00/-(Daily/Monthly) and in multiples of Rs.5,00 thereafter.
SIP	1) Daily – 500/- and in multiples of Rs.500/- thereafter. 2)Monthly – 500/- and in multiples of Rs.500/- thereafter. 3)Quarterly – Rs.1500/- and in multiples of Rs.500/- thereafter.
Asset Allocation	80%-100% in equity and equity related securities of Banking and Financial Services Companies' 0%-20% in debt and money market instruments
Entry Load	Nil
Exit Load	NIL (Subject to Lock-In Period of 3 years)

RGESS Fund – Series [2]

Description	Investment in equity securities specified as Eligible Securities in Rajiv Gandhi Equity Savings Scheme
Objective	Generate capital appreciation, from a portfolio that is substantially constituted of equity securities which are specified as eligible securities for Rajiv Gandhi Equity Savings Scheme (RGESS)
Benchmark Index	S&P BSE 100 Index
Minimum application amount	INR 5000/- and in multiples of INR 1/- thereafter
Asset Allocation	95%-100% in Equity securities specified as eligible securities for RGESS 0%-5% in cash and cash equivalents
Entry Load	Nil
Exit Load	NIL (Subject to Lock-In Period of 3 years)

RGESS Fund – Series [3]

Description	Investment in equity securities specified as Eligible Securities in Rajiv Gandhi Equity Savings Scheme
Objective	Generate capital appreciation, from a portfolio that is substantially constituted of equity securities which are specified as eligible securities for Rajiv Gandhi Equity Savings Scheme (RGESS)
Benchmark Index	S&P BSE 100 Index
Minimum application amount	INR 5000/- and in multiples of INR 1/- thereafter
Asset Allocation	95%-100% in Equity securities specified as eligible securities for RGESS 0%-5% in cash and cash equivalents
Entry Load	Nil
Exit Load	NIL (Subject to Lock-In Period of 3 years)

Debt Funds

LIC MF Bond Fund

Description	An open-ended debt scheme which will endeavour to generate an attractive return for its investors by investing in a portfolio is between 4 years and 7 years
Objective	Generate income or capital appreciation by investing in debts/money market Instruments
Benchmark Index	CRISIL Composite Bond Fund Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	60%-100% in Debt 0%-40% in Money Market 0%-20% in Units issued by REITs & InvIT
Entry Load	Nil
Exit Load	1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.

LIC MF Banking & PSU Debt Fund

Description	An income fund that invests predominantly in debt and money market instruments issued by Banks, PSU’s, PFIs and Municipal Bonds
Objective	Generate income and capital appreciation by primarily investing in a portfolio of high-quality debt and money market securities that are issued by banks, public sector undertakings, public financial institutions and Municipal Bonds
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	80%-100% in Debt instruments of banks, public sector Undertakings, Public Financial Institutions and Municipal Bonds 0%-20% in Other debt and money market securities 0%-10% in Units issued by REITs & InvIT
Entry Load	Nil
Exit Load	Nil

LIC MF Liquid Fund

Description	Investment Fund in debt/money market instruments with maturity up to 91 days
Objective	Generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments
Benchmark Index	CRISIL Liquid Fund Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	0%-100% in Debt and Money Market Securities with maturity of upon 90 days only.
Entry Load	Nil
Exit Load	Nil

LIC MF Short-Term Debt Fund

Description	Investment in Debt securities and money market instruments
Objective	returns commensurate with risk from a portfolio constituted of Debt secure
Benchmark Index	CRISIL Liquid Fund Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	0%-100% in Debt and Money Market Securities with maturity of upon 90 days only.
Entry Load	Nil
Exit Load	Nil

LIC MF Overnight Fund

Description	Investment in debt and money market instruments with overnight maturity
Objective	Provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day
Benchmark Index	NIFTY 1D Rate Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	0%-100% in Debt and Money Market Securities
Entry Load	Nil
Exit Load	Nil

Hybrid Funds

LIC MF Equity Hybrid Fund

Description	An open-ended balanced fund that invests in both stocks and fixed income instruments
Objective	Provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt
Benchmark Index	CRISIL Hybrid 35 + 65 - Aggressive Index
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	65%-80% in Equity and Equity related instruments 20%-35% in Debt/Money Market 0%-10% in Units issued by REITs and InviT
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Debt Hybrid Fund

Description	Investment predominantly in debt instruments with marginal equity exposure
Objective	Generate regular income by investing mainly in a portfolio of quality debt securities and money market instruments. It also seeks to generate capital appreciation by investing some percentage in a mix of equity instruments.
Benchmark Index	CRISIL MIP Blended Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	75%-90% in Debt/Money Market 10%-25% in Equity 0%-10% in Units issued by REITs and InviT
Entry Load	Nil
Exit Load	12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units

LIC MF Arbitrage Fund

Description	Generate income over a short-term investment horizon
Objective	Generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.
Benchmark Index	NIFTY 50 Arbitrage Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
Asset Allocation	65%-100% in Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options, etc. 0%-35% in Debt and Money market instruments
Entry Load	Nil
Exit Load	Nil

Solution Oriented Funds

LIC MF Children’s Gift Fund

Description	A fund that invests both in stocks and fixed income instruments
Objective	Generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Benchmark Index	CRISIL Hybrid 35 + 65 – Aggressive Index
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	65%-90% in Equity and Equity related instruments 10%-35% in Debt/Money Market 0%-10% in Units issued by REITs and InvITs
Entry Load	Nil
Exit Load	Nil

ETF and Index Funds

LIC MF Exchange Traded Fund – NIFTY 100

Description	Investment in equity and equity related securities and portfolios replicating the composition of Nifty 100 Index
Objective	Provide returns that closely correspond to the total returns of securities as represented by NIFTY 100 INDEX
Benchmark Index	NIFTY 100
Asset Allocation	95%-100% in securities covered by NIFTY 100 0%-5% in Cash and cash equivalent/Money market instruments
Entry Load	Nil
Exit Load	Nil

LIC MF Exchange Traded Fund – NIFTY 50

Description	Investment in equity and equity related securities and portfolios replicating the composition of Nifty 50 Index
Objective	Provide returns that closely correspond to the total returns of securities as represented by NIFTY 50 INDEX
Benchmark Index	NIFTY 50
Asset Allocation	95%-100% in securities covered by NIFTY 50 0%-5% in Cash and cash equivalent/Money market instruments
Entry Load	Nil
Exit Load	Nil

LIC MF Exchange Traded Fund – Sensex

Description	Long-term Investment in securities covered by S&P BSE SENSEX, subject to tracking error.
Objective	Provide returns that closely correspond to the total returns of securities as represented by S&P BSE SENSEX Index by holding S&P BSE SENSEX stocks in same proportion
Benchmark Index	S&P BSE Sensex
Asset Allocation	95%-100% in securities covered by S&P BSE Sensex 0%-5% in Cash and cash equivalent/Money market instruments
Entry Load	Nil
Exit Load	Nil

LIC MF G-Sec Long-Term ETF Fund

Description	Investment in securities in line with Nifty 8-13 yr. G-Sec Index to generate comparable returns subject to tracking error
Objective	Provide returns that closely correspond to the total returns of securities as represented by Nifty 8-13-year G-Sec Index
Benchmark Index	Nifty 8-13-year G-Sec
Minimum application amount	Initial Investment – Rs. 5,000 per application Additional Investment – Rs. 500 per application
SIP	1) Daily – 300/- and in multiples of Rs.1/- thereafter. 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter. 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation	95%-100% in securities comprising of underlying Benchmark Index 0%-5% in other debt and money market instruments
Entry Load	Nil
Exit Load	1% If Exit Within 1 month from the date of allotment of units. Nil if redeemed or switched out after completion of 1 month from the date of allotment of units.

LIC MF Index Fund NIFTY Plan

Description	Investment in equity instrument of respective index stocks
Objective	Generate returns commensurate with the performance of the index Nifty based on the plans by investing in the respective index stocks subject to tracking errors
Benchmark Index	Nifty 50 Index
Asset Allocation	95%-100% in Equity/Equity Futures 0%-5% in money market instruments and cash
Entry Load	Nil
Exit Load	Nil

LIC MF Index Fund Sensex Plan

Description	Investment in equity instrument of S & P BSE Sensex index stocks subject to tracking error
Objective	Generate returns commensurate with the performance of the index S&P BSE Sensex based on the plans by investing in the respective index stocks subject to tracking errors
Benchmark Index	S&P BSE Index
Asset Allocation	95%-100% in Equity/Equity Futures 0%-5% in money market instruments and cash
Entry Load	Nil
Exit Load	1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units. Nil if redeemed or switched out after completion of 1 month from the date of allotments of units.

Documents required for investing in LIC Mutual Fund

The following documents have to be submitted for investing in LIC Mutual Fund.

Completed Application Form
KYC Form
PAN Card copy
Proof of Identity
Proof of Address (if correspondence and permanent address is different, proof has to be provided for both)
Self-certification of all documents being submitted
Demand Draft or Cheque for making the payment

How to invest in LIC Mutual Fund?

There are many ways to invest in LIC Mutual Fund. One can directly approach the LIC Mutual Fund office to understand the various schemes and submit the application. LIC Mutual Funds have empanelled distributors who can assist with your investment. The required application form along with the mandatory documents have to be submitted. LIC Mutual Fund also allows for online investment of Mutual Funds. This is the easiest and most convenient option of investment. One can carry out online transactions once the account is created with LIC Mutual Fund.

FAQs: LIC Mutual Fund

1. Is it possible to invest online with LIC Mutual Fund?

Yes, one can open an account on the official website of LIC Mutual Fund and make investments through it.

2. What are the different types of Equity Funds available with LIC Mutual Fund?

Broadly, LIC Mutual Fund offers two types of Equity Funds – Open-ended schemes and Close-ended schemes. Within these schemes, there are numerous options of mutual funds to choose from.

3. What is the objective of LIC MF Children’s Gift Fund?

The LIC MF Children’s Gift Fund aims at offering long term appreciation and current income by investing in equity securities and equity related securities.

Write a review

Mutual Funds

Aditya Birla Sun Life Dividend Yield Fund

Aditya Birla Sun Life Focused Equity Fund

Aditya Birla Sun Life Frontline Equity Fund

Aditya Birla Sun Life Manufacturing Equity Fund

Aditya Birla Sun Life MNC Fund

Aditya Birla Sun Life Mutual Funds

Advantages Of Mutual Funds

Axis Equity Funds

Axis Long Term Equity Fund

Axis Mutual Funds

Bank Of India Axa Mutual Funds

Baroda Pioneer Mutual Funds

Basics Of Mutual Funds

Best Mid Cap Mutual Funds

Best Performing Mutual Funds

BNP Paribas Mutual Funds

Canara Robeco Emerging Equities Fund

Canara Robeco Mutual Funds

Charges In Mutual Funds

Dsp Mutual Funds

Edelweiss Mutual Funds

Franklin Build India Fund

Franklin India Bluechip Fund

Franklin India Credit Risk Fund

Franklin India Equity Advantage Fund

Franklin India Equity Hybrid Fund

Franklin India Feeder Franklin Us Opportunities Fund

Franklin India Focused Equity Fund

Franklin India Low Duration Fund

Franklin India Prima Fund

Franklin India Smaller Companies Fund

Franklin Templeton Mutual Funds

HDFC Arbitrage Fund

HDFC Balanced Advantage Fund

HDFC Balanced Fund

HDFC Banking And Psu Debt Fund

HDFC Capital Builder Value Fund

HDFC Corporate Bond Fund

HDFC Credit Risk Debt Fund

HDFC Equity Fund

HDFC Long Term Advantage Fund

HDFC Mutual Funds

HDFC Top 100 Funds

How To Invest In Mutual Funds

HSBC Mutual Funds

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Banking And Financial Services Fund

ICICI Prudential Child Care Plan

ICICI Prudential Dividend Yield Equity Fund

ICICI Prudential Dynamic Fund

ICICI Prudential Equity Arbitrage Fund

ICICI Prudential Export And Services Fund

ICICI Prudential Fmcg Fund

ICICI Prudential Fund

ICICI Prudential Infrastructure Fund

ICICI Prudential Midcap Fund

ICICI Prudential Select Large Cap Fund

Invesco Mutual Fund

L And T Mutual Fund

Lock In Period Of Mutual Funds

Mirae Asset Mutual Fund

Motilal Oswal Mutual Funds

Pgim India Mutual Funds

Principal Mutual Funds

Quantum Mutual Funds

Reliance Focused Equity Fund

Reliance Large Cap Fund

Reliance Mutual Fund

Returns In Mutual Funds

Sahara Mutual Fund

SBI Banking And Financial Services Fund

SBI Fmcg Fund

SBI It Fund

SBI Magnum Comma Fund

SBI Mutual Fund

SBI Psu Fund

Sundaram Mutual Funds

Tata Mutual Funds

Taurus Mutual Funds

Tax Saving Mutual Funds

Types Of Mutual Funds

Uti Mutual Funds

Valuation Of Mutual Funds