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
Sort By
Name | Fund size | Expense Ratio | 1 Y | 3 Y |
---|
₹33,655 Cr
AUM
10
Schemes
₹8,058 Cr
AUM
6
Schemes
Dikshit Mittal
₹6,325 Cr
AUM
5
Schemes
Jaiprakash Toshniwal
₹2,262 Cr
AUM
4
Schemes
₹1,369 Cr
AUM
4
Schemes
₹4,678 Cr
AUM
5
Schemes
Identify red flags in your mutual funds and how to fix them
Mutual Fund Name | LIC Mutual Fund |
Asset Management Company Name | LIC Mutual Fund Asset Management Limited |
AMC Setup Date | April 20, 1994 |
AMC Incorporation Date | April 20, 1994 |
Sponsor Name | Life 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 |
CIO | Mr. Marzban Irani |
MD And CEO | Mr. Ravi Kumar Jha |
Compliance Officer | Mr. Mayank Arora |
Investor Service Officer | Mr. Prashant Thakkar |
Updated As Of | April 2024 |