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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.
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 |
|
| SIP |
|
| 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 |
|
| 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 |
|
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 |
|
| Asset Allocation |
|
| Entry Load | Nil |
| Exit Load |
|
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 |
|
| Asset Allocation |
|
| Entry Load | Nil |
| Exit Load |
|
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 |
|
| Asset Allocation |
|
| Entry Load | Nil |
| Exit Load |
|
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 |
|
| Asset Allocation |
|
| 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 |
|
| 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 |
|
| 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 |
|
| SIP |
|
| Asset Allocation |
|
| Entry Load | Nil |
| Exit Load |
|
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 |
|
| SIP |
|
| Asset Allocation |
|
| 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 |
|
| SIP |
|
| 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 |
|
| SIP |
|
| 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 |
|
| SIP |
|
| 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 |
|
| Asset Allocation |
|
| Entry Load | Nil |
| Exit Load |
|
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 |
|
| SIP |
|
| Asset Allocation |
|
| Entry Load | Nil |
| Exit Load |
|
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 |
|
| Asset Allocation |
|
| 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 |
|
| SIP |
|
| Asset Allocation |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| SIP |
|
| Asset Allocation |
|
| 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 |
|
| 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 |
|
| Entry Load | Nil |
| Exit Load |
|
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.
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