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LIC Mutual Fund Asset Management Limited is a Arbitrage mutual fund scheme from LIC Mutual Fund Asset Management Limited. This fund has been in existence for 9 yrs 10 m, having been launched on 01/01/2013. LIC Mutual Fund Asset Management Limited has ₹9,008 Crores worth of assets under management (AUM) as on 30/09/2022 and is medium-sized fund of its category. The fund has an .

LIC Mutual Fund Asset Management Limited is a mutual fund scheme from LIC Mutual Fund Asset Management Limited. This fund has been in existence for 9 yrs 10 m, having been launched on 01/01/2013. LIC Mutual Fund Asset Management Limited has ₹9,008 Crores worth of assets under management (AUM) as on 30/09/2022 and is medium-sized fund of its category. The fund has an Avg 1 year Return of Kotak Mutual Fund is 15.34%

Best LIC Mutual Funds for NRIs

Fund Name	Category	Risk	1Y Return	Fund Size
LIC MF Liquid Fund Growth	Money Market	low to moderate Risk	7.41%	₹10,650.26 Cr
LIC MF Large & Mid Cap Regular Growth	Equity	very high Risk	31.72%	₹3,125.62 Cr
LIC MF Low Duration Fund Growth	Fixed Income	low to moderate Risk	7.14%	₹1,879.33 Cr
LIC MF Banking & PSU Fund Growth	Fixed Income	moderate Risk	7.93%	₹1,851.9 Cr
LIC MF Large Cap Fund Growth	Equity	very high Risk	19.16%	₹1,474.19 Cr
LIC MF Multi Cap Fund Regular Growth	Equity	very high Risk	35.87%	₹1,417.04 Cr
LIC MF Flexi Cap Fund Growth	Equity	very high Risk	24.02%	₹1,417.04 Cr
LIC MF ELSS Tax Saver Growth	Equity	very high Risk	26.13%	₹1,147.42 Cr
LIC MF Manufacturing Fund Regular Growth	Equity	very high Risk	0.00%	₹928.43 Cr
LIC MF Infrastructure Fund Growth	Equity	very high Risk	56.83%	₹852.07 Cr
LIC MF Overnight Fund Regular Growth	Money Market	low to moderate Risk	6.58%	₹821.4 Cr
LIC MF Balanced Advantage Fund Regular Growth	Allocation	very high Risk	14.23%	₹797.15 Cr
LIC MF Aggressive Hybrid Fund Growth	Allocation	very high Risk	20.45%	₹535.89 Cr
LIC MF Dividend Yield Fund Regular Growth	Equity	very high Risk	36.88%	₹463.64 Cr
LIC MF Small Cap Fund Regular Growth	Equity	very high Risk	44.82%	₹411.35 Cr
LIC MF Ultra Short Duration Fund Regular Growth	Fixed Income	moderate Risk	6.88%	₹345.69 Cr
LIC MF Midcap Fund Regular Growth	Equity	very high Risk	32.66%	₹319.49 Cr
LIC MF Nifty 50 Index Fund Growth	Equity	very high Risk	13.45%	₹319.29 Cr
LIC MF Banking & Financial Services Fund Regular Growth	Equity	very high Risk	3.94%	₹263.11 Cr
LIC MF Arbitrage Regular Plan Growth	Alternative	low Risk	7.09%	₹237.58 Cr
LIC MF Medium to Long Duration Fund Growth	Fixed Income	moderate Risk	9.15%	₹181.33 Cr
LIC MF Focused Fund Growth	Equity	very high Risk	18.68%	₹143.09 Cr
LIC MF Value Fund Growth	Equity	very high Risk	35.19%	₹142.7 Cr
LIC MF Short Duration Fund Regular Growth	Fixed Income	moderate Risk	7.56%	₹108.53 Cr
LIC MF Nifty Next 50 Index Growth	Equity	very high Risk	38.18%	₹96.87 Cr
LIC MF Gilt Fund PF Plan Growth	Fixed Income	moderate Risk	8.68%	₹94.72 Cr
LIC MF Gilt Fund Growth	Fixed Income	moderate Risk	8.68%	₹94.72 Cr
LIC MF Healthcare Fund Regular Growth	Equity	very high Risk	46.50%	₹84.15 Cr
LIC MF BSE Sensex Index Growth	Equity	very high Risk	12.94%	₹83.87 Cr
LIC MF Gold ETF FOF Growth	Commodities	high Risk	20.88%	₹69.99 Cr
LIC MF Conservative Hybrid Fund Growth	Allocation	moderately high Risk	9.16%	₹50.24 Cr
LIC MF Money Market Fund Regular Growth	Fixed Income	low Risk	6.10%	₹24.38 Cr
LIC MF Equity Savings Growth	Allocation	moderately high Risk	11.04%	₹20.18 Cr
LIC MF Childrens Fund	Allocation	very high Risk	22.90%	₹16.61 Cr

How can NRIs invest in LIC Mutual Fund Asset Management Limited?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

Complete your NRI KYC: Type in your personal details and attach supporting documents, like:

PAN Number
Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
Passport – front and back
Passport size photograph
signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC Mutual Fund Asset Management Limited

Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
City and country of birth
NRE/NRO bank account statement/ canceled cheque for the latest 3 months
Nominee details

Frequently Asked Questions

Can NRIs invest in LIC Mutual Fund Asset Management Limited?

How can NRI buy LIC Mutual Fund Asset Management Limited ?

Does LIC Mutual Fund Asset Management Limited accept an NRI application with a foreign bank account details?

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