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LIC Equity Mutual Funds

LIC Equity 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 Equity Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
LIC MF Infrastructure Fund Direct Growth
LIC MF Infrastructure Fund Direct Growth

Equity - Infrastructure Very High Risk

₹333 Cr1.45%86.4%39.1%
LIC MF Large & Mid Cap Fund Direct Growth
LIC MF Large & Mid Cap Fund Direct Growth

Large & Mid-Cap Very High Risk

₹2,737 Cr0.62%50.2%22.8%
LIC MF ELSS Direct Growth
LIC MF ELSS Direct Growth

ELSS (Tax Savings) Very High Risk

₹1,064 Cr0.99%34.0%19.2%
LIC MF Flexi Cap Fund Direct Growth
LIC MF Flexi Cap Fund Direct Growth

Flexi Cap Very High Risk

₹1,051 Cr1.42%38.4%18.1%
LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Banking & Financial Services Fund Direct Growth

Sector - Financial Services Very High Risk

₹285 Cr1.05%21.6%17.1%
LIC MF Nifty 50 Index Fund Direct Growth
₹295 Cr0.2%25.7%15.3%
LIC MF Large Cap Fund Direct Growth
LIC MF Large Cap Fund Direct Growth

Large-Cap Very High Risk

₹1,428 Cr1.02%28.8%14.7%
LIC MF S & P Sensex Index Fund Direct Growth
₹78 Cr0.38%22.6%14.7%
LIC MF Multi Cap Fund Direct Growth
LIC MF Multi Cap Fund Direct Growth

Multi-Cap Very High Risk

₹1,051 Cr0.49%51.0%%
View all LIC Equity Mutual Funds

Top LIC Equity 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 Equity 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