LIC Mutual Fund is formed by LIC of India, country’s premier insurance provider organization. While LIC of India holds 45% share in the fund house, 39.3% share is held by its subsidiary LIC Housing Finance Limited, 11.7% is held by GIC Housing Finance Limited and the rest 4% is held by Union Bank of India. With the backing of LIC and GIC, the fund house is quickly emerging as a preferred choice amongst the investor fraternity. It creates value for its investors by adopting to innovative and research driven investment solutions catering to different segments of investors. It aspires to achieve their different financial needs through robust investment strategies and systematic investment discipline.
LIC Mutual Fund offers approx. 26 schemes to investors. It offers 8 equity schemes, 9 debt schemes, 5 hybrid schemes and 4 ETFs, Gold & Fund of funds schemes. Some of the well-known equity schemes from its stable are LIC MF Large Cap Fund, LIC MF Large & Mid Cap Fund etc. LIC Mutual Fund also offers some good debt funds. Some of the prominent debt schemes are LIC MF Banking & PSU Debt Fund, LIC MF Liquid Fund etc. LIC MF Equity Hybrid Fund is a prominent name in its hybrid schemes category. The percentage of schemes beating the benchmark across its various categories for 1-year time period collectively is approx. 54%.
LIC Mutual Fund has a large team of good fund managers. The CEO of the fund house is Dinesh Pangtey, CIO of Equity Investments is Sachin Relekar and CIO of Fixed Income Investments is Marzban Irani. Sachin Relekar and Yogesh Patil manage various leading schemes of the fund house from the equity category. Marzban Irani and Rahul Singh are specialized in managing various debt & hybrid schemes of the fund house.
The vision of the fund house is to be a trusted partner for its investors in their wealth creation and a mutual fund of choice. It intends to empower investors achieve their financial goals by providing good schemes having consistent track record, maintaining an ethical environment through sound corporate governance and creating awareness among investors by imparting them knowledge.