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LIC Mutual Funds

LIC Mutual Funds

About This AMC

LIC Mutual Fund was established on April 20, 1994 as a Trust sponsored by Life Insurance Corporation of India. It was in April 1994 whenLIC Mutual Fund Asset Management Limited, got a green signal from SEBI to commence its mutual fund business and operations as LIC Mutual Fund.

LIC of India holds the majority stake (45%) in LIC Mutual Fund Asset Management. Other significant shareholders include LIC Housing Finance (39.30%), GIC Housing Finance (11.70%), and Union Bank of India (4%).

Currently, Mr. Ravi Kumar Jha is the Managing Director & CEO of LIC Mutual Fund. Mr. Marzban Irani is the CIO (Chief Investment Officer) of LIC Mutual Fund.

LIC Mutual Fund offers 26 schemes across different categories and has an AUM of ₹30,305 crore.

As of April 2024

Schemes

26

AUM

₹31,651 Cr

AUM growth

₹1,194 Cr

Fund managers

10

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Top LIC Fund Managers

₹33,819 Cr

AUM

10

Schemes

₹7,380 Cr

AUM

5

Schemes

DM

Dikshit Mittal

₹6,502 Cr

AUM

5

Schemes

JT

Jaiprakash Toshniwal

₹3,542 Cr

AUM

5

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₹1,350 Cr

AUM

4

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₹4,080 Cr

AUM

5

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All about LIC Mutual Funds

Key Information

Mutual Fund NameLIC Mutual Fund
Asset Management Company NameLIC Mutual Fund Asset Management Limited
AMC Setup DateApril 20, 1994
AMC Incorporation DateApril 20, 1994
Sponsor NameLife Insurance Corporation of India
Name Of Trustees

Mr. Paul Alphonso Lobo

Mr. Praveen Garg

Mr. Raghunandan Maluste

Mr. Ravi Kumar Jha

Mr. Siddhartha Mohanty

Mr. Tribhuwan Adhikari

Mr. Vijay Sharma

Ms. Reema Diddee

Shri Sanjay A. Muthal

CIOMr. Marzban Irani
MD And CEOMr. Ravi Kumar Jha
Compliance OfficerMr. Mayank Arora
Investor Service OfficerMr. Prashant Thakkar
Updated As OfApril 2024