LIC Mutual Fund NAV And Scheme Details
LIC is a well-known brand in India. LIC Mutual Fund was established in 1989 by LIC India. LIC MF has emerged as one of the most preferred investment managers. The company creates value for its investors by adopting innovative investment strategies. It offers products for all segments of investors with unparalleled service. The various products include equity funds, debt funds, hybrid funds, ETFs & Index Fund, and solution-oriented funds.
Top 5 LIC Mutual Fund Schemes
Let’s find out the top 5 LIC mutual fund NAVs and other scheme details
- LIC MF Large and Midcap Fund – The fund invests primarily in a diversified portfolio of large and Midcap stocks, providing long-term capital appreciation. LIC Large and Midcap Fund identifies companies with strong fundamentals and quality management.
Fund Facts
| Type of Scheme | Open-ended Equity Scheme in large and mid cap stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Min SIP Amount | Rs.300 (Daily), Rs. 1000 (Monthly) & Rs. 3000 (Quarterly) |
| NAV (Rs) | Direct-Dividend – 22.5390, Growth – 26.7617
Regular – Dividend – 21.0719, Growth – 24.4019 |
| Returns(%) | 1Year 3Years 5Years Since Inception |
| 32.96 27.42 18.60 17.10 | |
| AUM | Rs1,500.84 crore |
| Expense ratio(%) | Regular: 2.39% Direct: 0.84% |
| Fund manager | Mr. Yogesh Patil |
- LIC MF Balanced Advantage Fund – Launched in November ‘21, it is a hybrid fund that invests in a dynamic mix of equity, debt and money market instruments. LIC Balanced Advantage Fund performs dynamic asset allocation with benefits like tax efficiency, rebalancing of portfolio, reduced impact of losses and near equity returns with low volatility.
Fund Facts
| Type of Scheme | Open-ended Dynamic Asset Allocation Scheme |
| Investment Objective | Capital Appreciation/Income |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Min SIP Amount | Rs.300 (Daily), Rs. 1000 (Monthly) & Rs. 3000 (Quarterly) |
| NAV(Rs) | Regular Plan – Growth ₹ 9.8439, IDCW ₹ 9.8439
Direct Plan – Growth ₹ 9.8537, IDCW ₹ 9.8537 |
| AUM | Rs 1,065.82 Crore |
| Expense Ratio | Regular: 2.44%; Direct: 0.44% |
| Fund manager | Mr. Yogesh Patil (Equity) & Mr. Rahul Singh (Debt) |
- LIC MF Tax Plan – It is an equity linked tax saving scheme (ELSS) with a compulsory lock-in period of three years. It has the advantage of Tax Benefit under Section 80C of the Income Tax Act. The scheme provides capital growth with tax rebate.
Fund Facts
| Type of Scheme | Open-ended Equity linked savings scheme with lock in of 3 years and tax benefit |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | NIFTY 500 Index TRI |
| Min SIP Amount | Rs.500 (Daily), Rs. 500 (Monthly) & Rs. 1500 (Quarterly) |
| NAV(Rs) | Growth – Rs.98.3357, IDCW – Rs.22.6022 – Regular plan
Growth – Rs.107.6994, IDCW – Rs.25.9371 – Direct plan |
| Returns | 1Year 3Years 5Years Since Inception |
| 32.67% 15.34% 14.94% 9.7% | |
| AUM | Rs 398.21 Crore |
| Expense Ratio | Regular: 2.54% Direct: 1.30% |
| Fund manager | Mr. Yogesh Patil |
- LIC MF Large Cap Fund – The fund invests in a diversified portfolio of large-cap stocks, including derivatives. It invests in value companies that are transparent and have a low-risk profile.
Fund Facts
| Type of Scheme | Open-ended Equity Scheme in large cap stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | NIFTY 100 TRI Index |
| Min SIP Amount | Rs.300 (Daily), Rs. 1000 (Monthly) & Rs. 3000 (Quarterly) |
| NAV(Rs) | Growth – Rs. 40.3948 IDCW – Rs.24.3961 – Regular plan
Growth – Rs.44.0712 IDCW – Rs.28.5393 – Direct plan |
| Returns | Since launch 5 Yrs 3 yrs 1 yr |
| 5.25% 14.92% 17.05% 30.88% | |
| AUM | Rs 627.54 Crore |
| Expense Ratio | Regular: 2.70% Direct: 1.30% |
| Fund manager | Mr. Yogesh Patil |
- LIC MF Banking & Financial Services Fund – The fund invests in a portfolio of companies engaged in the banking and financial services sector. It provides long-term capital appreciation. This scheme is ideal for investors with a high-risk appetite and wants banking and financial services stock as part of their core portfolio.
Fund Facts
| Type of Scheme | Open-ended Dynamic Equity Scheme in banking and financial services stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | NIFTY Financial Services TRI |
| Min SIP Amount | Rs.300 (Daily), Rs. 1000 (Monthly) & Rs. 3000 (Quarterly) |
| NAV(Rs) | Growth – Rs.13.3721 IDCW – Rs.13.3699 – Regular plan
Growth – Rs.14.3631 IDCW – Rs.14.2966 – Direct plan |
| Returns | Since launch 5 Yrs 3 yrs 1 yr |
| 4.44% 5.96% 9.98% 16.07% | |
| AUM | Rs 56.22 crore |
| Expense Ratio | Regular: 2.76% Direct: 1.48% |
| Fund manager | Mr. Jaiprakash Toshniwal |
How to Invest in LIC Mutual Fund Online?
LIC Mutual Fund provides a very simple and fast online investment process.
- Go to the LIC website, select the ‘LOGIN/Invest’ tab. Existing account holders can simply log in. Existing customers have to provide a folio number and generate a pin to create a user account. You will be redirected to a video KYC page. A first-time investor will have to submit his PAN number. Before investing, ensure that your KYC is done.
- Submit your KYC documents online through video call. The documents are ID proof(PAN Card), address proof, bank verification(cancelled cheque), scanned copy of signature and Aadhar eSignature.
- After completing KYC, select a mutual fund scheme as per your goal, risk appetite and investment horizon.
- You will be asked to select between SIP investment or Lumpsum investment. Fill in the scheme details.
- After scheme details are given, provide the applicant’s details, and investment details.
- Make the payment and you will receive a confirmation of your purchase.
LIC mutual fund provides all the scheme related details and documents online with the facility to invest online. Thus making it easier for anyone to explore and invest in MF schemes, sitting in their rooms.
