LIC Mutual Fund - Top 10 LIC MF, Category & Risk

Manish Kothari
20 Likes | 652 days ago



isVerifiedExpertAuthor is a Zfunds Verified Expert
Manish Kothari


Established in the year 1989, LIC mutual fund is an associate company of LIC of India. Over the years, the AMC has become one of the leading and major fund houses in India. An impressive combination of a high standard of financial ethics and systematic investment discipline has helped the fund house to generate a large base of investors. 

They offer a broad range of products and mutual fund schemes across different categories like debt, equity, and hybrid along with exchange-traded and solution-oriented funds. It aims to adopt innovative and robust strategies for investments to deliver smart products to investors across the nation. 


Mutual Fund LIC Mutual Fund
Setup Date 20th April 1994
SponsorLIC of India
TrusteeLIC Mutual Fund Trustee Private Limited
CEO/MDShri Raj Kumar
CIOMr. Saravana Kumar A
Compliance OfficerMr. Mayank Arora
Investor Service OfficerMrs. Sonali Pandit 
CustodiansStandard Chartered Bank
Assets Managed Rs. 16927 Crores (As of March 2021)
RegistrarKarvy Computershare Private Limited


LIC Large and Mid Cap FundEquityVery High
LIC MF Index FundIndex (Equity)High
LIC MF Liquid FundDebtLow to Moderate
LIC MF Tax PlanEquityVery High
LIC MF Debt Hybrid FundHybrid Moderate
LIC MF Flexi Cap FundEquityVery High
LIC MF Children’s FundSolution-Oriented Very High
LIC MF Banking and PSU Debt FundDebtLow to Moderate
LIC Equity Hybrid FundHybridVery High
LIC MF Savings FundDebtLow to Moderate


1. Mr. Yogesh Patil:

Mr. Yogesh joined LIC mutual duns in the year 2018 as a fund manager and is currently the Equity Head. He has 15+ years of experience in the Equity Markets. Before LIC, he was working with Canara Robeco AMC and Sahara AMC. During his tenure at Canara, his fund was ranked No. 1 by CRISIL for 4 quarters. Further, he holds an MBA degree in Finance from Symbiosis.

2. Mr. Karan Doshi:

Mr. Karan joined LIC in 2019. He is the Equity Research Head and has more than 7+ years of industry experience. His expertise lies in the IT, Pharma, and Chemical sectors, Before LIC, he was associated with Subhkan Ventures. Further, Mr. Karan is an MBA finance graduate. He also holds BE degree in Telecommunications and Electronics. 

3. Ms. Ritu Modi:

Ms. Ritu joined LIC in the year 2018 and she is the Fund Manager at LIC. She managed both passive and active mutual funds. Ms. Ritu has more than 10 years of experience in equity research. She has strong skills and is also focused on evaluating the evolution and competitive advantages of companies. She holds an MBA in Finance from MU and Bachelor’s degree in commerce from Mulund College.

4. Mr. Rahul Singh:

Mr. Rahul is the fund manager of fixed income funds at LIC. He has 15+ years of experience. Before LIC, he was associated with ING Investment Management, BOI AXA, Standard Chartered Bank, and Ashika Capital. Further, Mr. Rahul holds a PGDM from IIM A and also B.Sc Eco Hons degree. 


There are very simple and convenient steps to start investing in LIC Mutual Funds which is one of the leading fund houses in the country. Follow the below-mentioned steps to start investing:

  1. Download the ZFunds app from the Playstore- Link here.
  2. Create your free account with us. If you already have an account with us, you can simply log in to it.
  3. To create an account, you will be required to upload your needful identification documents which can include an Aadhar card, Voter ID, pan card, driving license, passport, or any other authentic document which is issued by the state or central government.
  4. You will need to upload your address proof.
  5. After that, you just need to select the best fund which suits you as per your investment horizon and risk.
  6. And, then at last you just need to choose whether you want to do a lump sum investment or start a sip.

After the successful investment, the units will be allotted and investment will be reflected in 2-3 working days in your ZFunds account.


1.  Identity Proof 

  • PAN Card
  • Aadhar Card
  • Passport
  • Driving License

2. Address Proof

  • Aadhar Card
  • Driving License
  • Passport
  • Any Recent Utility Bill (Water, Gas, Electricity, etc.)
  • Rental/Lease Agreement


Get Investment Advice from India's Top Experts