LIC Mutual Fund
Overview:
LIC Mutual Fund is a prominent player in the asset management industry in India, functioning as an associate company of the Life Insurance Corporation of India (LIC). Established in April 1989, it has built a strong reputation as a trusted investment manager over the past 30 years, consistently maintaining above-average CRISIL ratings and a high level of investor loyalty.
Current Operations:
- Assets Under Management (AUM): LIC Mutual Fund currently manages assets worth INR 30,170.82 crores.
- Investment Schemes: The AMC offers a diverse range of 26 schemes tailored to cater to various risk appetites, allowing investors to choose options that best suit their financial goals.
- Equity Exposure: Approximately 90.06% of its investments are in the Indian stock market, with 87.62% allocated to large-cap stocks and 2.43% in mid-cap stocks.
Performance:
LIC Mutual Fund has demonstrated strong performance in recent years, recording a CAGR of 14.56% over the last three fiscal years. This growth has positioned it as one of the most preferred choices among large and mid-cap mutual fund investors. Check the latest figures before making an investment decision.
Core Values and Mission:
- Established: April 20, 1989, by LIC of India, leveraging its reputation as a premier financial institution.
- Investment Philosophy: LIC Mutual Fund adopts a systematic investment discipline combined with high standards of financial ethics and corporate governance, fostering a trustful relationship with its investors.
- Customer Experience: The fund is dedicated to creating value for investors through innovative and robust investment strategies across all market segments. Its commitment to superior customer service aims to provide a delightful investment experience, encapsulated in their philosophy of bringing Khushiyaan, Zindagi Ki (Happiness, in Life).
Conclusion:
LIC Mutual Fund stands out as a reliable and trusted asset management company in India, with a rich history and a commitment to excellence in service and investment strategy. Its focus on customer satisfaction, robust performance, and ethical practices continues to attract a diverse clientele, solidifying its position in the asset management market.
Step by Step Guide to invest in
LIC Mutual Fund
How to Invest in LIC Mutual Funds online with Miles Wealth?
Investing in LIC Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
Your journey to wealth creation is just a few clicks away. Start investing with confidence today!
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Best Fund Managers at
LIC Mutual Fund
Fund Manager
Dikshit Mittal
Jaiprakash Toshniwal
Karan Doshi
Mahesh Bendre
Pratik Harish Shroff
Rahul Singh
Marzban Irani
Nikhil Rungta
Sumit Bhatnagar
Yogesh Patil
Years with AMC
3.1
3.1
3.1
0.3
1
9.1
8.2
0.3
1
4.1
Too many options leads to confusion.
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