LIC Mutual Fund

AUM ₹ 32882 Cr

(As on Apr 2024)

No. of schemes 39

Name	LIC Mutual Fund Asset Management Limited
AUM	₹ 32882 Crores
Founded	20 April 1994
Incorporation Date	20 April 1994
Sponsor	Life Insurance Corporation of India
CIO	Mr Saravana Kumar A
MD & CEO	Shri. Raj Kumar
Contact Number	022-66016000
Email Id	cs.co@licmf.com
Website	www.licmf.com
Trustee	LIC Mutual Fund Trustee Private Limited
Office Address	4th Floor, Industrial Assurance Building, Opp. Church Gate Station, Mumbai- 400020

One of the most recognised and trusted players in the asset management market, LIC Mutual Fund is an associate company of Life Insurance Corporation of India. The AMC was established on April 1989 and had maintained an above average CRISIL rating and high investor affiliation for the past 30 years. LIC Mutual Funds currently operate with funds worth Rs. 16531.36 Crores. Currently, LIC Mutual Fund provides investors with about 26 different schemes catering to investors of varied risk appetites. It has 90.06% investment in the Indian Stock market, of which 87.62% is in large-cap stocks, and 2.43% is in mid-cap stocks. LIC AMC recorded a CAGR of 14.56% in the last 3 fiscal years, making it one of the most preferred large and mid-cap mutual funds amongst investors. Customers can also avail tax benefits from LIC MF Tax Plans, both of which are ELSS based investment options.

Funds	Rating	1 Yr Ret (%)	1 Yr Rank	Riskometer	Category	Expense Ratio (%)	Launch	Net Assets (Cr)
LIC MF Aggressive Hybrid Fund - Direct Plan	2	24.84	31/44	Very High	HY-AH	1.41	03/01/2013	517.00
LIC MF Arbitrage Fund - Direct Plan	2	8.16	21/25	Low	HY-AR	0.31	25/01/2019	213.00
LIC MF Balanced Advantage Fund - Direct Plan	--	14.75	31/32	Very High	HY-DAA	0.56	12/11/2021	886.00
LIC MF Banking & Financial Services Fund - Direct Plan	2	14.93	16/19	Very High	EQ-BANK	1.05	27/03/2015	305.00
LIC MF Banking & PSU Fund - Direct Plan	3	6.70	12/21	Moderate	DT-BK & PSU	0.28	03/01/2013	1,362
LIC MF BSE Sensex ETF	--	19.82	137/148	Very High	EQ-LC	0.10	30/11/2015	764.00
LIC MF BSE Sensex Index Plan - Direct Plan	1	19.51	93/93	Very High	EQ-LC	0.38	02/01/2013	79.00
LIC MF Children's Fund - Direct Plan	1	23.59	35/44	Very High	HY-AH	1.72	16/01/2013	16.00
LIC MF Conservative Hybrid Fund - Direct Plan	2	8.30	31/31	Moderately High	HY-CH	1.25	09/01/2013	51.00
LIC MF Dividend Yield Fund - Direct Plan	--	51.37	1/9	Very High	EQ-DIV Y	1.44	21/12/2018	153.00
LIC MF ELSS Tax Saver - Direct Plan	2	28.64	33/37	Very High	EQ-ELSS	1.00	01/01/2013	1,050
LIC MF Equity Savings Fund - Direct Plan	2	14.55	15/22	Moderately High	HY-EQ S	0.99	04/01/2013	16.00
LIC MF Flexi Cap Fund - Direct Plan	3	29.79	58/75	Very High	EQ-FLX	1.43	01/01/2013	976.00
LIC MF Focused Fund - Direct Plan	3	23.05	66/93	Very High	EQ-LC	1.56	17/11/2017	132.00
LIC MF Gilt Fund - Direct Plan	2	6.77	19/23	Moderate	DT-GL	0.75	01/01/2013	47.00
LIC MF Gold ETF	--	20.72	1/26	High	Gold-Funds	0.41	09/11/2011	129.00
LIC MF Gold ETF FoF - Direct Plan	3	19.96	3/13	High	Gold-Funds	0.26	01/01/2013	54.00
LIC MF Healthcare Fund - Direct Plan	1	44.42	9/12	Very High	EQ-Pharma	1.21	28/02/2019	62.00
LIC MF Infrastructure Fund - Direct Plan	3	68.45	8/19	Very High	EQ-INFRA	1.44	02/01/2013	268.00
LIC MF Large Cap Fund - Direct Plan	3	24.18	63/93	Very High	EQ-LC	1.02	01/01/2013	1,423
LIC MF Large & Mid Cap Fund - Direct Plan	3	40.93	13/27	Very High	EQ-L&MC	0.63	25/02/2015	2,739
LIC MF Liquid Fund - Direct Plan	3	7.33	20/35	Low to Moderate	DT-LIQ	0.16	01/01/2013	11,188
LIC MF Low Duration Fund - Direct Plan	3	7.25	15/20	Low to Moderate	DT-LD	0.27	02/01/2013	1,415
LIC MF Medium to Long Duration Fund - Direct Plan	3	6.64	6/13	Moderate	DT-M to LD	0.21	02/01/2013	171.00
LIC MF Midcap Fund - Direct Plan	1	49.61	21/39	Very High	EQ-MC	1.57	25/01/2017	260.00
LIC MF Money Market Fund - Direct Plan	1	6.87	22/22	Low	DT-MM	0.59	01/08/2022	20.00
LIC MF Multi Cap Fund - Direct Plan	--	41.42	12/19	Very High	EQ-MLC	0.50	31/10/2022	1,007
LIC MF Nifty 100 ETF	--	28.05	77/148	Very High	EQ-LC	0.28	17/03/2016	670.00
LIC MF Nifty 50 ETF	--	22.83	109/148	Very High	EQ-LC	0.10	20/11/2015	764.00
LIC MF Nifty 50 Index Plan - Direct Plan	2	22.70	79/93	Very High	EQ-LC	0.20	01/01/2013	296.00
LIC MF Nifty 8-13 yr G-Sec Exchange Traded Fund	--	6.43	20/31	Moderate	DT-GL	0.16	24/12/2014	1,991
LIC MF Nifty Midcap 100 ETF	--	--	--	Very High	EQ-MC	0.16	14/02/2024	546.00
LIC MF Nifty Next 50 Index Fund - Direct Plan	3	57.62	19/93	Very High	EQ-LC	0.32	01/01/2013	80.00
LIC MF Overnight Fund - Direct Plan	3	6.81	17/32	Low	DT-OVERNHT	0.07	18/07/2019	395.00
LIC MF Short Duration Fund - Direct Plan	3	7.10	9/25	Moderate	DT-SD	0.37	01/02/2019	113.00
LIC MF Small Cap Fund - Direct Plan	2	41.16	20/33	Very High	EQ-SC	1.52	21/06/2017	223.00
LIC MF Ultra Short Duration Fund - Direct Plan	4	7.02	22/24	Low to Moderate	DT-USD	0.25	27/11/2019	189.00
LIC MF Unit Linked Insurance - Direct Plan	2	19.33	41/44	Very High	HY-AH	1.48	01/03/2013	489.00
LIC MF Value Fund - Direct Plan	2	34.13	23/24	Very High	EQ-VAL	1.60	20/08/2018	110.00

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Key Information

Mutual Fund Name	LIC Mutual Fund
Inception Date	Apr 20, 1994
Trustee Organisation	LIC Mutual Fund Trustee Company Pvt. Ltd.
MD and CEO	Ravi Kumar Jha
Investors Relations Officer	Prashant Thakkar
AUM Updated On	Dec 31, 2023

Documents required to invest

The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.

PROOF OF IDENTITY

- PAN Card (Mandatory)

- Voter ID Card

- Driving License

- Passport

- Aadhaar Card

- Any other valid identity card issued by Central or State Government

PROOF OF ADDRESS

- Voter ID Card

- Driving License

- Passport

- Ration Card

- Aadhaar Card

- Bank account statement or bank passbook

- Utility bills like electricity or gas bills

Customer Care Details

For any query regarding any schemes offered by LIC Mutual Fund, please contact at the following address:

Registered Address	Industrial Assurance Building, Ground Floor, Opp. Churchgate Station, Mumbai – 400020. Branch Timing (9 am – 6 pm)
Call us at	022-66016177 / 022-66016178
Email	br.mumbai@licmf.com

Top Fund Managers

1. Mr. Sachin Relekar

Mr. Sachin Relekar serves as the Fund Manager of LIC MF Tax Plan, an equity-based saving scheme offering tax benefits. He is an alumnus of Jamnalal Bajaj Institute of Management Studies, with more than 17 years of experience as an equity research analyst and business development.

Mr. Sachin Relekar joined LIC Mutual Fund in 2012, before which he was associated with Tata Asset Management Limited from 2007. He started his carer at Tech Pacific India Pvt. Limited in 2003 for business development of IT products.

Mr. Relekar currently handles Rs. 227 Crore in equity and debt-based investments.

2. Mr. Marzban Irani

Mr. Marzban Irani has over 19 years of experience as a Fund Manager at various Tier-I financial institutions across the country. Currently, he oversees the debt portfolio as the Fund Manager of LIC MF.

Mr. Irani has a Post Graduate Diploma in Business Management, which propelled him into a career as a Fund Manager at Tata Asset Management Ltd. from 2000 to 2007. He shifted to Mirae Asset Management Ltd., undertaking the same role in 2008. Marzban Irani also worked with MetLife Insurance as Chief Manager till 2011.

Mr. Marzban Irani oversees investment options like LIC MF Bond Fund. It has maintained a CRISIL rank of 4 starts in the previous fiscal year, handling a fund of Rs. 265.96 Crore and a 1.07% expense ratio.

3. Mr. Rahul Singh

Mr. Rahul Singh is an alumnus of IIM Lucknow, with 23 years of experience behind him. He has been associated with Tata Asset Management as Chief Investment Officer of Equities and with Ampersand Capital as Managing Partner. Prior to that, he worked with Standard Chartered Securities and Citigroup Global Markets India as a business development lead and asset manager.

Mr. Singh oversees LIC Mutual Funds Liquid Fund scheme. He handles funds of Rs. 8801.21 Crore including G-Sec Long Term ETF and Series 1,2, and 3 CPOF.

4. Yogesh Patil

Mr. Yogesh Patil was appointed as the Fund Manager for LIC MF Multicap Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex, LIC MF Index Nifty, LIC MF Equity Hybrid Fund, LIC MF Debt Hybrid Fund and LIC MF Children’s Gift Fund on October 2018. He is one of the leading names in capital marketing, with over 16 years of experience in the Indian Equity Market.

Mr. Yogesh Patil completed his Master of Business Administration in 2001 from Symbiosis Institute of Business Management. He launched his career at Sahara Mutual Funds as an equity research analyst in 2006. In 2009, he shifted to Canara Robeco Asset Management Company Limited as an Analyst.

In 2018, Mr. Patil left Canara Robeco Asset Management Company Limited after working as a Senior Fund Manager (Equity). Currently, he handles Rs. 160.1 Crore as the Fund Manager for LIC MF Arbitrage Fund.

5. Saravana Kumar Ananthan

Mr. Saravana Kumar Ananthan is the Chief Investment Officer at LIC Mutual Funds. He oversees LIC MF Equity, LIC MF Balanced, LIC MF MIP, LIC MF Children’s Gift Fund, LIC MF Banking & Financial Services Fund, LIC MF Index Sensex and LIC MF Index Nifty. He is an MBA in Finance from the Indian Institute of Management and has completed CAIIB from the Indian Institute of Bankers.

Mr. Saravana Kumar was associated with companies like Trust Investment Advisors Pvt Ltd., Tata AIA Life Insurance, ICICI Bank, SBI Mutual Funds, and UTI Mutual Funds. He has over 25 years of experience with him in the sector of investment management. He also completed Management Development Programme on Financial Markets at Merrill Lynch New York in 2007 and has worked as a guest faculty of the Institute of Financial Management Research.

6. Shri Raj Kumar

Shri Raj Kumar joined as a whole time director for LIC MF in April 2017. A veteran of the industry market, Raj Kumar has more than 32 years of experience behind him and climbed the ranks in Life Insurance Corporation of India from being a zonal manager of Bhopal to the director of operations.

Mr. Kumar will handle assets of over Rs. 24,475 Crore as of March 31st. LIC mutual fund is presently listed as number 17th in the industry thanks to the careful handling of its different operations.

Shri Raj Kumar is in charge of Equity Funds, Debt Funds, Hybrid Funds, Solution Oriented Funds, ETFs & Index Funds of the organisation.