LIC Mutual Fund
On April 20, 1989 Life Insurance Corporation of India established LIC Mutual Fund. It is one of most reputed and trustworthy asset management company in India. LIC Mutual Fund governs high financial ethics with systematic investment plan to cater to all sections of investors. It adopts innovation driven and strong investment plans to add value to its priceless investors. LIC Mutual Fund believes in "Khushiyaan, Zindagi Ki".
The shareholders of LIC Mutual Fund Asset Management Ltd. are namely- LIC Of India with 45% of shares, LIC Housing Finance Ltd. with 39.30% of shares, GIC Housing Finance Ltd. with 11.70% of shares and Corporation Bank with 4% of shares. Since 2011, LIC offers mutual fund through joint-venture with Nomura Group of Japan.
Why choose LIC Mutual Fund
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Best Choice
LIC Mutual Fund has the earned trust of its customers by providing them superior investment experience. So, it has emerged as the best investment choice for the investors.
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Experienced
LIC Mutual Fund has been serving its customers for over 25 years. It has come across as well-known player in the asset management sector.
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Huge Options
LIC Mutual Fund offers various options depending on different needs of investors.
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Unlimited investment option
Franklin Templeton Investments mutual fund Sensex Index Fund provides its customers with different investment option depending on their investment objective.
Types of LIC Mutual Fund
Here are the different types of LIC Mutual Fund -
Equity Fund
- LIC MF Banking & Financial Services Fund
- LIC MF Multicap Fund
- LIC MF Large Cap Fund
- LIC MF Infrastructure Fund
- LIC MF Large & Mid Cap Fund
- LIC MF Tax Plan
Debt Fund
- LIC MF Bond Fund
- LIC MF Banking & PSU Debt Fund
- LIC MF Government Securities Fund
- LIC MF Savings Fund
- LIC MF Liquid Fund
- LIC MF Short Term Debt Fund
Hybrid Fund
- LIC MF Equity Hybrid Fund
- LIC MF Debt Hybrid Fund
- LIC MF ULIS (Unit Linked Insurance Scheme)
- LIC MF Arbitrage Fund
Solution Oriented Fund
- LIC MF Childrens Gift Fund
ETF & Index Fund
- LIC MF Exchange Traded Fund- NIFTY 100
- LIC MF Exchange Traded Fund- NIFTY 50
- LIC MF Exchange Traded Fund- SENSEX
- LIC MF G-Sec Long Term Exchange Traded Fund
- LIC MF Index Fund NIFTY
- LIC MF Index Fund- SENSEX Plan
Eligibility Criteria of LIC Mutual Fund
- Adult citizens residing in India.
- Minor through legal guardians/parents.
- Limited liability partnership.
- Banking and financial institutions
- Religious and charitable trusts.
- Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- The Karta of Hindu Undivided Family (HUF)
- Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
Documents required for LIC Mutual Fund
Along with the KYC application of the applicant, following are the essential documents for investing in ICICI Prudential Mutual Fund -
- AADHAR Card
- PAN Card
- Voter Identity Card
- Passport size Photograph
- KYC Form
- The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme
