LIC Mutual Fund
LIC Mutual Fund was established in April, 1989, by Life Insurance Corporation of India, the world's largest life insurer. LIC Mutual Fund has a significant ownership of 45% held by LIC of India, making it the principal shareholder in LIC Mutual Fund Asset Management. Other noteworthy stakeholders in this Asset Management Company (AMC) include LIC Housing Finance (39.30%), GIC Housing Finance (11.70%), and Union Bank of India (4%).
Registered with SEBI in 1994, LIC Mutual Fund has a rich history of almost 30 years in effectively managing investors' funds. As of December 2023, the fund house boasts total assets under management (AUM) amounting to approximately Rs. 26058 crores.
LIC Mutual Fund snapshot
Inception date | April 20, 1994 |
Sponsor (s) | Life Insurance Corporation of India |
Chief Executive Officer | Mr. TS Ramakrishnan |
Chief Investment Officer | Mr. Ashish Gupta |
No. of Schemes | 38 |
Average AUM (Rs. in Crores) | 32085.58 |
As on February 2024
How to invest in LIC Mutual Fund
Enjoy a simple, fast and seamless way to invest in LIC Mutual Fund via the Kotak Neo app. This is a digital trading and investing platform suitable for both beginners and nuanced investors.
Here’s how to invest via Kotak Neo:
- Login with your credentials (mobile number/PAN/QR code)
- Click on Invest and select ‘Mutual Funds’ from other investments
- Select the fund of your choice and begin investing
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
