Keywords: LIC mutual fund8 LIC mutual funds7 LIC mutual fund NAV  5LIC mutual fund market plus 5

LIC mutual funds

Promoted by one of largest insurance providers of India, LIC mutual funds were launched on 20^th April 1989. Life Insurance Corporation contributed 2 crores towards setting up of LIC mutual fund. LIC mutual funds are registered with SEBI. LIC mutual funds were setup in the form of a trust as per the rulings of Indian Trust Act of 1882. The day to day working of LIC mutual funds is controlled by the Jeevan Bima Sahayog Asset Management Company. LIC mutual fund has current asset of Rs. 10,703 crores.

Different kinds of LIC mutual funds

LIC mutual fund can be divided into two main categories based on the maturity period. There are open ended schemes where LIC mutual funds can be bought and sold continuously depending on the LIC mutual fund NAV. In close ended schemes there is a pre-defined maturity period and the LIC mutual fund could be bought only during a specific period. The investors also have the option to exit before the maturity of the LIC mutual fund by repurchasing the funds at LIC mutual fund NAV price at that moment of time.

One can invest in LIC mutual fund schemes by buying them through LIC agents or marketing associates. Special schemes are available for domestic and NRI investors. LIC mutual fund units are allotted after the investors pay the LIC mutual fund NAV of the units to the agents. LIC mutual fund NAV refers to the present market value of one unit of LIC mutual fund. LIC mutual fund NAV is calculated on a daily basis and is displayed across the corporate office, authorized centers like area offices and at registrar’s office.

Popular LIC mutual funds

Some of the LIC mutual fund products include

• LICMF Fixed Maturity Plan: Series –I, II & III
• LICMF Government Securities Fund
• LICMF Monthly Income Plan
• LICMF Children’s Fund
• LICMF Floater MIP - Plan B
• LICMF Index Fund Nifty/Sensex Plan
• LIC MF Unit Linked Insurance Scheme
• LIC MF Opportunities Fund

LIC mutual fund market plus is one of the most popular scheme introduced by LIC. LIC mutual fund market plus plan are available for people who are above the age of 18 and recommended for people above the 40 years of age. LIC mutual fund market plus is a unit linked pension plan which is available with/without risk cover. LIC mutual fund market plus are available at single or regular premium. People have the option to select from bond fund, balanced fund, secured fund and growth fund. One can select a LIC mutual fund market plus plan depending upon the financial background and risk taking ability of the individual.

We are sure you would find this information on LIC mutual funds available here on moneysuperbazaar.com to be useful. Browse other pages of this website to get details about other mutual fund providers.