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LIC Debt Mutual Funds

LIC Debt 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

₹30,003 Cr

AUM growth

₹1,349 Cr

Fund managers

8

Explore LIC Debt Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
LIC MF Liquid Plan Direct Growth
LIC MF Liquid Plan Direct Growth

Liquid Low to Moderate Risk

₹12,530 Cr0.16%7.4%5.8%
LIC MF Low Duration Fund Direct Growth
LIC MF Low Duration Fund Direct Growth

Low Duration Low to Moderate Risk

₹1,428 Cr0.27%7.3%5.7%
LIC MF Overnight Fund Direct Growth
LIC MF Overnight Fund Direct Growth

Overnight Low to Moderate Risk

₹524 Cr0.07%6.8%5.4%
LIC MF Ultra Short Duration Fund Direct Growth
LIC MF Ultra Short Duration Fund Direct Growth

Ultra Short Duration Low to Moderate Risk

₹161 Cr0.25%7.0%5.4%
LIC MF Banking & PSU Debt Fund Direct Growth
₹1,410 Cr0.28%7.0%5.4%
LIC MF Medium to Long Duration Bond Fund Direct Growth
LIC MF Medium to Long Duration Bond Fund Direct Growth

Medium to Long Duration Moderate Risk

₹171 Cr0.21%7.1%5.3%
LIC MF Short Duration Fund Direct Growth
LIC MF Short Duration Fund Direct Growth

Short Duration Moderate Risk

₹108 Cr0.37%7.3%5.3%
LIC MF Gilt Fund Direct Growth
LIC MF Gilt Fund Direct Growth

Government Bond Moderate Risk

₹48 Cr0.75%7.4%5.1%
LIC MF Money Market Fund Direct Growth
₹20 Cr0.59%6.9%%
View all LIC Debt Mutual Funds

Top LIC Debt Fund Managers

₹32,194 Cr

AUM

10

Schemes

₹6,545 Cr

AUM

6

Schemes

DM

Dikshit Mittal

₹5,431 Cr

AUM

6

Schemes

JT

Jaiprakash Toshniwal

₹3,174 Cr

AUM

6

Schemes

₹2,050 Cr

AUM

6

Schemes

₹3,684 Cr

AUM

5

Schemes

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All about LIC Debt Mutual Funds

Key Information

Mutual Fund NameLIC Mutual Fund
Asset Management Company NameLIC Mutual Fund Asset Management Limited
AMC Setup DateApril 20, 1994
AMC Incorporation DateApril 20, 1994
Sponsor NameLife 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

CIOMr. Marzban Irani
MD And CEOMr. Ravi Kumar Jha
Compliance OfficerMr. Mayank Arora
Investor Service OfficerMr. Prashant Thakkar
Updated As OfApril 2024