LIC Mutual Funds

1. LIC MF Banking and Financial Services Fund
   1. This is an open-ended equity scheme that concentrates its investments in equities of companies in the banking and financial services sector.
   2. Scheme features: Benchmark IndexNifty Financial Services IndexMonthly Average Expense RatioAs on 1 May 2018, TER: Direct Plan – 1.44%, Regular Plan – 3.22%Investment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load will apply for redemption or withdrawal before 1 year from unit allotment date. No exit load for withdrawal after 1 yearRiskometerHighFund ManagerMr. Saravana Kumar
   3. Investment objective – To create capital growth for the investor by investing a significant part of its investment in equity and its related instruments of firms engaged in banking and financial services.
   4. Ideal for – Investors who seek capital gains over a longer duration and who wish to invest in equity and its related securities of firms engaged in financial services and banking.
2. LIC MF Multicap Fund – This is an open-ended equity scheme that invests in equities of large, mid, and small cap companies to achieve growth of capital.Scheme features:Benchmark IndexNifty 500 IndexMonthly Average Expense RatioAs on 1 May 2018, TER: Direct Plan – 1.95%, Regular Plan – 3.12%Investment OptionsGrowth and Dividend. The dividend option offers payout and reinvestment facilitiesMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load will apply if investor exits the scheme before 1 year from unit allotment date. No exit load for exit after 1 yearRiskometerModerately HighFund ManagerMr. Saravana Kumar
   1. Investment objective – To offer capital appreciation to the investor by focusing its investments on equity and its associated instruments.
   2. Ideal for – Investors who prefer to invest in stocks of large, mid and small cap companies and who wish to achieve capital growth over a long term. The scheme is also suitable for investors who seek current income.
3. LIC MF Large Cap Fund – This is an open-ended equity scheme that mainly invests in equities of large cap companies and was previously known as Dhanasamriddhi.Scheme features:Benchmark IndexNifty 100 IndexMonthly Average Expense RatioAs on 1 May 2018, TER: Direct Plan – 1.86%, Regular Plan – 3.13%Investment OptionsGrowth and Dividend (Reinvestment and Payout)Minimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load will apply if investor exits the scheme before 1 year from unit allotment date. No exit load for exit after 1 yearRiskometerModerately HighFund ManagerMr. Sachin Relekar
   1. Investment objective – To generate capital appreciation for the investor by concentrating the investments on equity and its associated instruments including derivatives, of large cap companies.
   2. Ideal for – Investors who seek capital growth over a long term and who wish to invest in equities of large cap firms.
4. LIC MF Infrastructure Fund – This is an open-ended equity scheme that invests in infrastructure and its allied sectors. This scheme was initially launched as a close-ended scheme in 2008 but later was opened for subscription with effect from 24 March 2011.Scheme features:Benchmark IndexNifty Infrastructure IndexMonthly Average Expense RatioAs on 1 May 2018, TER: Direct Plan – 1.47%, Regular Plan – 3.25%Investment OptionsGrowth and Dividend (Reinvestment and Payout)Minimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load will apply if investor exits the scheme before 1 year from unit allotment date. No exit load for exit after 1 yearRiskometerHighFund ManagerMr. Sachin Relekar
   1. Investment objective – To produce capital appreciation for the investor by investing in equities of firms engaged in the infrastructure sector.
   2. Ideal for – Investors who wish to grow their capital over a long term and have a high appetite for risk to invest in equities of infrastructure and its allied sectors.
5. LIC MF Large & Mid Cap Fund – This is an open-ended scheme that invests in equities of both large and mid cap firms.Scheme features:Benchmark IndexNifty LargeMidcap 250 IndexMonthly Average Expense RatioAs on 1 May 2018, TER: Direct Plan – 0.58%, Regular Plan – 2.89%Investment OptionsGrowth and Dividend (Reinvestment and Payout)Minimum InvestmentRs.5,000Entry LoadNilExit Load1% exit load will apply if investor exits the scheme before 1 year from unit allotment date. No exit load for exit after 1 yearRiskometerModerately HighFund ManagerMr. Sachin Relekar
   1. Investment objective – To create capital appreciation for the investor by investing in large and mid cap stocks.
   2. Ideal for – Investors who wish to achieve capital gains and prefer investing in stocks of large and mid cap firms.
6. LIC MF Tax Plan – This is an open-ended equity linked savings scheme that has a statutory lock-in period of 3 years and offers tax benefits to the investor. This scheme was previously known as the Dhan Tax Saver 1997 and the tax benefits offered are available under Section 80C of the Income Tax Act, 1961. The features of this scheme has been explained in the section ‘Tax Saving Plans by LIC Mutual Fund’.Scheme features:Benchmark IndexS&P BSE SensexMonthly Average Expense Ratio–Investment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNilExit LoadNilRiskometerHighFund ManagerMr. Ramnath Venkateswaran
   1. LIC MF Diversified Equity Fund Series 1 and Series 2 – These schemes are close-ended equity schemes whose tenures will last for 1100 days from the unit allotment date.
   2. Investment objective – To produce capital gains by investing primarily on equities of companies that constitute the S&P BSE 200 Index.
   3. Ideal for – Investors who wish to achieve capital appreciation over a long term and have a high appetite for risk to invest in equity and its related securities that constitute the BSE 200 Index.
7. LIC MF Rajiv Gandhi Equity Savings Scheme Series 2 and Series 3 – These 2 schemes (Series 2 and Series 3) are close-ended equity schemes whose duration is 3 years from the unit allotment date. The schemes invest in equity securities that are considered as eligible for Rajiv Gandhi Equity Savings Scheme (RGESS).Scheme features:Benchmark IndexS&P BSE 100 IndexMonthly Average Expense Ratio–Investment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNilExit LoadNilRiskometerHighFund ManagerMr. Ramnath Venkateswaran
   1. Investment objective – To produce capital gains for the investor by investing in equities eligible for RGESS and sometimes may also invest in cash and money market instruments.
   2. Ideal for – Investors who seek capital appreciation over long term and have a high appetite for risk.

Step 1: Choose Invest Online

The individual has to select the ‘invest online’ option.

Step 2: Online PIN Registration

The option ‘Online PIN Registration’ must be chosen.

Step 3: Enter the Details

In the following page, the applicant has to enter all the required details along with the online PIN.

Step 4: Folio Number

Once all the details are entered appropriately, the applicant receives a Folio Number. Further investment procedures can be initiated using this number and the PIN.