LIC Mutual Funds
About This AMC
LIC Mutual Fund was established on April 20, 1994 as a Trust sponsored by Life Insurance Corporation of India. It was in April 1994 whenLIC Mutual Fund Asset Management Limited, got a green signal from SEBI to commence its mutual fund business and operations as LIC Mutual Fund.
LIC of India holds the majority stake (45%) in LIC Mutual Fund Asset Management. Other significant shareholders include LIC Housing Finance (39.30%), GIC Housing Finance (11.70%), and Union Bank of India (4%).
Currently, Mr. Ravi Kumar Jha is the Managing Director & CEO of LIC Mutual Fund. Mr. Marzban Irani is the CIO (Chief Investment Officer) of LIC Mutual Fund.
LIC Mutual Fund offers 26 schemes across different categories and has an AUM of ₹30,305 crore.
As of April 2024
Schemes
26
AUM
₹31,651 Cr
AUM growth
₹1,194 Cr
Fund managers
10
Top LIC Fund Managers
₹33,819 Cr
AUM
10
Schemes
₹7,380 Cr
AUM
5
Schemes
Dikshit Mittal
₹6,502 Cr
AUM
5
Schemes
Jaiprakash Toshniwal
₹3,542 Cr
AUM
5
Schemes
₹1,350 Cr
AUM
4
Schemes
₹4,080 Cr
AUM
5
Schemes
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All about LIC Mutual Funds
Key Information
| Mutual Fund Name | LIC Mutual Fund |
| Asset Management Company Name | LIC Mutual Fund Asset Management Limited |
| AMC Setup Date | April 20, 1994 |
| AMC Incorporation Date | April 20, 1994 |
| Sponsor Name | Life Insurance Corporation of India |
| Name Of Trustees | Mr. Paul Alphonso Lobo Mr. Praveen Garg Mr. Raghunandan Maluste Mr. Ravi Kumar Jha Mr. Siddhartha Mohanty Mr. Tribhuwan Adhikari Mr. Vijay Sharma Ms. Reema Diddee Shri Sanjay A. Muthal |
| CIO | Mr. Marzban Irani |
| MD And CEO | Mr. Ravi Kumar Jha |
| Compliance Officer | Mr. Mayank Arora |
| Investor Service Officer | Mr. Prashant Thakkar |
| Updated As Of | April 2024 |
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Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past Performance of the Scheme is neither an indicator nor a guarantee of future performance.
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