LIC Mutual Fund, an affiliate of Life Insurance Corporation of India, is a well-known and trusted player in the asset management industry. Established in April 1989, it has consistently maintained an above-average CRISIL rating and a strong investor base over the past 30 years. LIC Mutual Fund, with its innovative and robust strategies, has created a wide range of investment options across equity, debt, hybrid, ETF, index and other solution-oriented categories for investors.
LIC AMC has recorded a Compound Annual Growth Rate (CAGR) of 14.56% over the last three fiscal years, positioning it as a preferred choice among investors, especially for large and mid-cap mutual funds. Additionally, LIC MF Tax Plans offer tax benefits as they are based on Equity-Linked Savings Schemes (ELSS).
You can start an SIP or make lumpsum investment in the mutual funds offered by LIC Mutual Fund with Bajaj Finserv. The company have an average AUM of INR 17,920.43 cr as of September 2022.
Investing in mutual funds is easy with Bajaj Finserv. If you are a new investor, follow the below steps. For customers who have invested with us, please skip directly to step 7.
Choose a mutual fund category and a scheme that suits your goals and click on Invest Now.
Sign into Bajaj Finserv to setup your mutual fund account.
Verify your details using your PAN, Name, DOB, and Email ID. If your KYC is not complete, you will have to upload your address proof and complete video KYC.
Enter your bank details.
Upload your signature and provide additional details to continue.
Choose whether you want to invest in SIP or lumpsum and enter the investment amount. Click on INVEST.
Choose your payment mode (net-banking, UPI, NEFT/RTGS) and make the payment.
Wait for 2-3 working days for your investment to reflect in your portfolio.
Documents required to invest in LIC Mutual Fund
If you are an existing customer, no documents are required for investment. However, for new customers keep the following documents handy before investing:
One of the reputable AMCs in India is the LIC Mutual Fund. All mutual fund houses are subject to stringent SEBI regulation. But when it comes to market-linked products like mutual funds, no asset management firm can ensure the protection of capital. It is preferable to assess your financial objectives, level of risk tolerance and investment horizon before selecting a fund.
How to calculate monthly SIP investment in LIC Mutual Fund?
To calculate monthly SIP investment in LIC Mutual Fund, one needs to consider certain things such as:
One can start investing in a LIC Life Mutual Fund online through the Bajaj Finserv platform and app without any hassle. Alternatively, you can also invest through the respective fund houses’ website.
How to redeem LIC Mutual Fund?
If you have invested in an LIC Mutual Fund scheme through the Bajaj Finserv platform, you can easily redeem it through the Bajaj Finserv website or app.
How to increase SIP amount in LIC Mutual Fund?
You can easily increase your SIP amount in an LIC Mutual Fund scheme through the Bajaj Finserv website or app.
How to stop a SIP in an LIC Mutual Fund online?
If you have invested in any LIC Mutual Fund online scheme through the Bajaj Finserv platform, you can stop or cancel an SIP by logging into your account on the Bajaj Finserv platform and app without hassle.
Are LIC Mutual Fund schemes tax-free?
You can get tax-benefits under section 80C by investing in ELSS mutual funds offered by LIC.
How can I get the LIC Mutual Fund statement?
If you have invested in any LIC Mutual Fund statement scheme through the Bajaj Finserv platform, you can get your statement online on the Bajaj Finserv website or app.