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LIC Mutual Fund

LIC Mutual Fund was incorporated in 1994-04-20. As of 28-02-24 08:00:684 IST, LIC Mutual Fund is managing assets worth Rs.  29868.98. LIC Mutual Fund offers 32 mutual fund schemes to potential investors. Additionally, it holds 63 funds.


₹ 29868.98 Cr



Year of Inception


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About LIC Mutual Fund

LIC Mutual Fund is one of the oldest mutual funds in India, established in 1989. The mutual fund has Assets Under Management (AUM) of over ₹20,000 Crores with a debt fund component of 70%.


Known for its conservative culture when it comes to risk, it focuses on long-term growth backed by research and mathematical models of allocating assets. Some of its popular funds include LIC MF Large & Midcap Fund, LIC MF Banking & PSU Debt Fund and LIC MF Tax Plan. 


LIC Mutual Fund offers a wide range of schemes, including equity, debt, hybrid, exchange-traded funds and tax-saving investments. It allows you to plan your investments by offering 

solutions based on goals such as wealth creation or children’s education.

Incorporated 20 Apr. 1994
Mdceo Ravi Kumar Jha
Trustee LIC Mutual Fund Trustee Company Pvt. Ltd.
Cio NA

How to Invest in LIC Mutual Fund?

Investing in Mutual Funds on Bajaj Markets includes a hassle-free, end-to-end online procedure with no tedious form filling or branch visitations. You can follow the steps given below on the Bajaj Markets website and the app as well. 


  • Step 1: Log in using your mobile phone number

  • Step 2: Under ‘Investments’, choose ‘Mutual Funds’

  • Step 3: Fill in basic information such as your bank account number, PAN Card number, etc. 

  • Step 4: Start your investment journey with Bajaj Markets once your account has been activated


You can invest through various payment methods like UPI, net banking, real-time gross settlement (RTGS), and national electronic funds transfer (NEFT). 

Documents Required to Invest in LIC Mutual Fund:

Here are the documents required in order to invest in a mutual funds scheme through Bajaj Markets.


  • PAN Card

  • Voter ID

  • Driving Licence

  • Passport

Top Fund Managers

A group of proficient and certified fund managers are accountable for overseeing the organisation's investment plans and providing steady returns. Here is a snapshot. 

1. Yogesh Patil

The Head of Equity, Yogesh Patil has been associated with the LIC Mutual Fund company since 2018. He has over 16 years of experience in fund management and equity research. Before joining LIC Mutual Fund, he was associated with Canara Robeco Asset Management Company Ltd. and Sahara Mutual Fund. Yogesh oversees schemes such as the LIC MF Tax Plan and LIC MF Large & Mid Cap Fund and has an AUM worth ₹4,100 Crores.

2. Rahul Singh 

Senior Fund Manager - Fixed Income & Vice President at LIC Mutual Fund, Rahul Singh received his MBA from IIM Ahmedabad. He has extensive experience in fund management as well as trading and advisory related to fixed income instruments across asset classes. He has worked with AXA Investment Managers, NN Investment Partners and Ashika Capital Ltd. in the past. Today, he manages schemes like the LIC MF Savings Fund with a combined AUM that stands at over ₹8,800 Crores. 

3. Marzban Irani

The Chief Investment Office - Fixed Income for LIC Mutual Fund, Marzban Irani has been associated with the AMC since 2016. A seasoned professional, he has a wealth of experience in the Indian equity market spanning more than 15 years. Marzban has previously worked with several reputed firms, including Tata Asset Management, PNB MetLife India Insurance Co. Ltd, and Mirae Asset Global Investments (India) Pvt. Ltd. He manages a number of debt schemes for the AMC including LIC MF Banking & PSU Debt Fund, handling an AUM worth more than ₹1,400 Crores. 

4. Sanjay Pawar

Sanjay Pawar is a fund manager with LIC Mutual Fund and has been associated with the AMC since 2007. He has over 14 years of experience in fixed income investments and research. Sanjay holds a bachelor’s degree in commerce and a master's degree in business administration. Before joining the AMC, he was associated with Taurus Mutual Funds and Edelweiss Securities Ltd. He manages large and midcap funds for LIC with an AUM of over ₹2,300 Crores.

Phone 022-66016177 / 022-66016178
Address Industrial Assurance Building Ground Floor, Opp. Churchgate Station

Frequently Asked Questions About Mutual Funds

How many mutual fund schemes are offered by LIC Mutual Fund?

LIC Mutual Fund offers 32 mutual fund schemes across different categories.

What is the total AUM for LIC Mutual Fund?

When did LIC Mutual Fund first start?

Can I invest in LIC Mutual Fund via SIPs online?

Is it possible to stop an SIP for LIC Mutual Fund online?

What KYC documents are required to start investing in mutual fund schemes offered by LIC Mutual Fund?

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