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
₹31,261 Cr
AUM growth
₹401 Cr
Fund managers
10
