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LIC Mutual Fund

LIC Mutual Fund was established in April 1989 by Life Insurance Corporation of India. LIC Mutual Fund offers a variety of schemes under different types of funds such as Equity Funds, Debt Funds, HYBRID Funds, Solution Oriented Funds and ETFs & Index Funds. These funds cater to different risk appetite of the investors and helps in generating optimal returns for their investments. The details of schemes under these funds are elaborated below.

LIC Mutual Fund

Equity Funds

LIC MF Banking & Financial Services Fund

DescriptionPredominantly invests in a portfolio of equity and equity related securities of companies engaged in banking and financial services
ObjectiveGenerate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking and financial services sector
Benchmark IndexNIFTY Financial Services Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation80%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-20% in debt and money market instruments
Entry LoadNil
Exit Load12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Multicap Fund

DescriptionPredominantly Investing in Large, Mid & Small-cap stocks
ObjectiveAn open ended pure growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth.
Benchmark IndexNifty 500 Index
Minimum application amountApplication Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation65%-100% in equity and equity related securities of Banking and Financial Services Companies 0%-35% in debt and money market instruments
Entry LoadNil
Exit Load
  • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
  • 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
  • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Large Cap Fund

DescriptionA Fund that primarily invest in large-cap stock.
ObjectiveTo achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives
Benchmark IndexNifty 100 Index
Minimum application amountApplication Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation
  • 80%-100% in equity and equity related securities of Banking and Financial Services Companies
  • 0%-20% in debt and money market instruments
Entry LoadNil
Exit Load
  • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
  • 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
  • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Infrastructure Fund

DescriptionInvestment in equity and equity related instrument of directly or indirectly engaged in infrastructure sector.
ObjectiveThe investment objective of the scheme is to generate long-term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector.
Benchmark IndexNifty Infrastructure
Minimum application amountApplication Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation
  • 80%-100% in equity and equity related securities of Banking and Financial Services Companies
  • 0%-20% in debt and money market instruments
Entry LoadNil
Exit Load
  • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
  • 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
  • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Large & Mid Cap Fund

DescriptionA fund that primarily invests in Large and Mid-Cap stocks.
ObjectiveTo generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
Benchmark IndexNifty Large Midcap 250 Index
Minimum application amountApplication Amount (Other than fresh purchase through SIP) – Rs.5,000/-(Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – 3000/- and in multiples of Rs.1/ thereafter.
Asset Allocation
  • 70%-100% in equity and equity related securities of Banking and Financial Services Companies
  • 0%-30% in debt and money market instruments
Entry LoadNil
Exit Load
  • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
  • 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
  • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Tax Plan

DescriptionInvestment in equity and equity related securities.
ObjectiveTo provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets.
Benchmark IndexNifty 500 Index
Minimum application amountApplication Amount (Other than fresh purchase through SIP) – Rs.5,00/-(Daily/Monthly) and in multiples of Rs.5,00 thereafter.
SIP
  • 1) Daily – 500/- and in multiples of Rs.500/- thereafter.
  • 2)Monthly – 500/- and in multiples of Rs.500/- thereafter.
  • 3)Quarterly – Rs.1500/- and in multiples of Rs.500/- thereafter.
Asset Allocation
  • 80%-100% in equity and equity related securities of Banking and Financial Services Companies'
  • 0%-20% in debt and money market instruments
Entry LoadNil
Exit LoadNIL (Subject to Lock-In Period of 3 years)

RGESS Fund – Series [2]

DescriptionInvestment in equity securities specified as Eligible Securities in Rajiv Gandhi Equity Savings Scheme
ObjectiveGenerate capital appreciation, from a portfolio that is substantially constituted of equity securities which are specified as eligible securities for Rajiv Gandhi Equity Savings Scheme (RGESS)
Benchmark IndexS&P BSE 100 Index
Minimum application amountINR 5000/- and in multiples of INR 1/- thereafter
Asset Allocation
  • 95%-100% in Equity securities specified as eligible securities for RGESS
  • 0%-5% in cash and cash equivalents
Entry LoadNil
Exit LoadNIL (Subject to Lock-In Period of 3 years)

RGESS Fund – Series [3]

DescriptionInvestment in equity securities specified as Eligible Securities in Rajiv Gandhi Equity Savings Scheme
ObjectiveGenerate capital appreciation, from a portfolio that is substantially constituted of equity securities which are specified as eligible securities for Rajiv Gandhi Equity Savings Scheme (RGESS)
Benchmark IndexS&P BSE 100 Index
Minimum application amountINR 5000/- and in multiples of INR 1/- thereafter
Asset Allocation
  • 95%-100% in Equity securities specified as eligible securities for RGESS
  • 0%-5% in cash and cash equivalents
Entry LoadNil
Exit LoadNIL (Subject to Lock-In Period of 3 years)

LIC MF Bond Fund

DescriptionAn open-ended debt scheme which will endeavour to generate an attractive return for its investors by investing in a portfolio is between 4 years and 7 years
ObjectiveGenerate income or capital appreciation by investing in debts/money market Instruments
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation
  • 60%-100% in Debt
  • 0%-40% in Money Market
  • 0%-20% in Units issued by REITs & InvIT
Entry LoadNil
Exit Load
  • 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units.
  • Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.

LIC MF Banking & PSU Debt Fund

DescriptionAn income fund that invests predominantly in debt and money market instruments issued by Banks, PSU’s, PFIs and Municipal Bonds
ObjectiveGenerate income and capital appreciation by primarily investing in a portfolio of high-quality debt and money market securities that are issued by banks, public sector undertakings, public financial institutions and Municipal Bonds
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation
  • 80%-100% in Debt instruments of banks, public sector Undertakings, Public Financial Institutions and Municipal Bonds
  • 0%-20% in Other debt and money market securities
  • 0%-10% in Units issued by REITs & InvIT
Entry LoadNil
Exit LoadNil

LIC MF Liquid Fund

DescriptionInvestment Fund in debt/money market instruments with maturity up to 91 days
ObjectiveGenerate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments
Benchmark IndexCRISIL Liquid Fund Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation0%-100% in Debt and Money Market Securities with maturity of upon 90 days only.
Entry LoadNil
Exit LoadNil

LIC MF Short-Term Debt Fund

DescriptionInvestment in Debt securities and money market instruments
Objectivereturns commensurate with risk from a portfolio constituted of Debt secure
Benchmark IndexCRISIL Liquid Fund Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation0%-100% in Debt and Money Market Securities with maturity of upon 90 days only.
Entry LoadNil
Exit LoadNil

LIC MF Overnight Fund

DescriptionInvestment in debt and money market instruments with overnight maturity
ObjectiveProvide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day
Benchmark IndexNIFTY 1D Rate Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation0%-100% in Debt and Money Market Securities
Entry LoadNil
Exit LoadNil

LIC MF Equity Hybrid Fund

DescriptionAn open-ended balanced fund that invests in both stocks and fixed income instruments
ObjectiveProvide regular returns and capital appreciation according to the selection of plan by investing in equities and debt
Benchmark IndexCRISIL Hybrid 35 + 65 - Aggressive Index
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation
  • 65%-80% in Equity and Equity related instruments
  • 20%-35% in Debt/Money Market
  • 0%-10% in Units issued by REITs and InviT
Entry LoadNil
Exit Load
  • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
  • 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
  • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

LIC MF Debt Hybrid Fund

DescriptionInvestment predominantly in debt instruments with marginal equity exposure
ObjectiveGenerate regular income by investing mainly in a portfolio of quality debt securities and money market instruments. It also seeks to generate capital appreciation by investing some percentage in a mix of equity instruments.
Benchmark IndexCRISIL MIP Blended Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation
  • 75%-90% in Debt/Money Market
  • 10%-25% in Equity
  • 0%-10% in Units issued by REITs and InviT
Entry LoadNil
Exit Load
  • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
  • 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
  • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units

LIC MF Arbitrage Fund

DescriptionGenerate income over a short-term investment horizon
ObjectiveGenerate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.
Benchmark IndexNIFTY 50 Arbitrage Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
Asset Allocation
  • 65%-100% in Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options, etc.
  • 0%-35% in Debt and Money market instruments
Entry LoadNil
Exit LoadNil

LIC MF Children’s Gift Fund

DescriptionA fund that invests both in stocks and fixed income instruments
ObjectiveGenerate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Benchmark IndexCRISIL Hybrid 35 + 65 – Aggressive Index
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation
  • 65%-90% in Equity and Equity related instruments
  • 10%-35% in Debt/Money Market
  • 0%-10% in Units issued by REITs and InvITs
Entry LoadNil
Exit LoadNil

LIC MF Exchange Traded Fund – NIFTY 100

DescriptionInvestment in equity and equity related securities and portfolios replicating the composition of Nifty 100 Index
ObjectiveProvide returns that closely correspond to the total returns of securities as represented by NIFTY 100 INDEX
Benchmark IndexNIFTY 100
Asset Allocation
  • 95%-100% in securities covered by NIFTY 100
  • 0%-5% in Cash and cash equivalent/Money market instruments
Entry LoadNil
Exit LoadNil

LIC MF Exchange Traded Fund – NIFTY 50

DescriptionInvestment in equity and equity related securities and portfolios replicating the composition of Nifty 50 Index
ObjectiveProvide returns that closely correspond to the total returns of securities as represented by NIFTY 50 INDEX
Benchmark IndexNIFTY 50
Asset Allocation
  • 95%-100% in securities covered by NIFTY 50
  • 0%-5% in Cash and cash equivalent/Money market instruments
Entry LoadNil
Exit LoadNil

LIC MF Exchange Traded Fund – Sensex

DescriptionLong-term Investment in securities covered by S&P BSE SENSEX, subject to tracking error.
ObjectiveProvide returns that closely correspond to the total returns of securities as represented by S&P BSE SENSEX Index by holding S&P BSE SENSEX stocks in same proportion
Benchmark IndexS&P BSE Sensex
Asset Allocation
  • 95%-100% in securities covered by S&P BSE Sensex
  • 0%-5% in Cash and cash equivalent/Money market instruments
Entry LoadNil
Exit LoadNil

LIC MF G-Sec Long-Term ETF Fund

DescriptionInvestment in securities in line with Nifty 8-13 yr. G-Sec Index to generate comparable returns subject to tracking error
ObjectiveProvide returns that closely correspond to the total returns of securities as represented by Nifty 8-13-year G-Sec Index
Benchmark IndexNifty 8-13-year G-Sec
Minimum application amount
  • Initial Investment – Rs. 5,000 per application
  • Additional Investment – Rs. 500 per application
SIP
  • 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
  • 2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
  • 3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter
Asset Allocation
  • 95%-100% in securities comprising of underlying Benchmark Index
  • 0%-5% in other debt and money market instruments
Entry LoadNil
Exit Load1% If Exit Within 1 month from the date of allotment of units. Nil if redeemed or switched out after completion of 1 month from the date of allotment of units.

LIC MF Index Fund NIFTY Plan

DescriptionInvestment in equity instrument of respective index stocks
ObjectiveGenerate returns commensurate with the performance of the index Nifty based on the plans by investing in the respective index stocks subject to tracking errors
Benchmark IndexNifty 50 Index
Asset Allocation
  • 95%-100% in Equity/Equity Futures
  • 0%-5% in money market instruments and cash
Entry LoadNil
Exit LoadNil

LIC MF Index Fund Sensex Plan

DescriptionInvestment in equity instrument of S & P BSE Sensex index stocks subject to tracking error
ObjectiveGenerate returns commensurate with the performance of the index S&P BSE Sensex based on the plans by investing in the respective index stocks subject to tracking errors
Benchmark IndexS&P BSE Index
Asset Allocation
  • 95%-100% in Equity/Equity Futures
  • 0%-5% in money market instruments and cash
Entry LoadNil
Exit Load
  • 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units.
  • Nil if redeemed or switched out after completion of 1 month from the date of allotments of units.

The following documents have to be submitted for investing in LIC Mutual Fund.

  • Completed Application Form
  • KYC Form
  • PAN Card copy
  • Proof of Identity
  • Proof of Address (if correspondence and permanent address is different, proof has to be provided for both)
  • Self-certification of all documents being submitted
  • Demand Draft or Cheque for making the payment

How to invest in LIC Mutual Fund?

There are many ways to invest in LIC Mutual Fund. One can directly approach the LIC Mutual Fund office to understand the various schemes and submit the application. LIC Mutual Funds have empanelled distributors who can assist with your investment. The required application form along with the mandatory documents have to be submitted. LIC Mutual Fund also allows for online investment of Mutual Funds. This is the easiest and most convenient option of investment. One can carry out online transactions once the account is created with LIC Mutual Fund.

1. Is it possible to invest online with LIC Mutual Fund?

Yes, one can open an account on the official website of LIC Mutual Fund and make investments through it.

2. What are the different types of Equity Funds available with LIC Mutual Fund?

Broadly, LIC Mutual Fund offers two types of Equity Funds – Open-ended schemes and Close-ended schemes. Within these schemes, there are numerous options of mutual funds to choose from.

3. What is the objective of LIC MF Children’s Gift Fund?

The LIC MF Children’s Gift Fund aims at offering long term appreciation and current income by investing in equity securities and equity related securities.

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