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LIC Mutual Fund for NRIs - Top Funds, AUM, Returns 2024

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 NameCategoryRisk1Y ReturnFund Size
LIC MF Liquid Fund GrowthMoney Marketlow to moderate Risk7.25%12,113.65 Cr
LIC MF Large & Mid Cap Regular GrowthEquityvery high Risk46.13%2,738.57 Cr
LIC MF Large Cap Fund GrowthEquityvery high Risk28.25%1,423.06 Cr
LIC MF Low Duration Fund GrowthFixed Incomelow to moderate Risk6.57%1,415.05 Cr
LIC MF Banking & PSU Debt Fund GrowthFixed Incomemoderate Risk6.42%1,361.79 Cr
LIC MF ELSS Tax Saver GrowthEquityvery high Risk32.90%1,049.91 Cr
LIC MF Multi Cap Fund Regular GrowthEquityvery high Risk45.77%1,006.55 Cr
LIC MF Flexi Cap Fund GrowthEquityvery high Risk32.35%975.86 Cr
LIC MF Balanced Advantage Fund Regular GrowthAllocationvery high Risk15.10%886.14 Cr
LIC MF Aggressive Hybrid Fund GrowthAllocationvery high Risk27.93%516.89 Cr
LIC MF Overnight Fund Regular GrowthMoney Marketlow Risk6.66%478.01 Cr
LIC MF Multi Cap Fund Regular Payout Inc Dist cum Cap WdrlEquityvery high Risk0.00%476.95 Cr
LIC MF Banking & Financial Services Fund Regular GrowthEquityvery high Risk16.34%305.1 Cr
LIC MF Nifty 50 Index Fund GrowthEquityvery high Risk25.51%296.05 Cr
LIC MF Ultra Short Duration Fund Regular GrowthFixed Incomelow to moderate Risk6.33%284.82 Cr
LIC MF Infrastructure Fund GrowthEquityvery high Risk84.58%267.88 Cr
LIC MF Midcap Fund Regular GrowthEquityvery high Risk55.46%260.04 Cr
LIC MF Small Cap Fund Regular GrowthEquityvery high Risk48.42%223.18 Cr
LIC MF Arbitrage Regular Plan GrowthAlternativelow Risk7.08%212.79 Cr
LIC MF Medium to Long Duration Bond Fund GrowthFixed Incomemoderate Risk5.88%170.69 Cr
LIC MF Dividend Yield Fund Regular GrowthEquityvery high Risk58.24%153.08 Cr
LIC MF Focused 30 Equity Fund GrowthEquityvery high Risk23.97%132.03 Cr
LIC MF Short Duration Fund Regular GrowthFixed Incomemoderate Risk6.10%114.33 Cr
LIC MF Long Term Value Fund GrowthEquityvery high Risk37.23%110.03 Cr
LIC MF Nifty Next 50 Index GrowthEquityvery high Risk67.50%80.06 Cr
LIC MF S & P BSE Sensex Index GrowthEquityvery high Risk22.37%78.59 Cr
LIC MF Healthcare Fund Regular GrowthEquityvery high Risk47.07%62.26 Cr
LIC MF Gold ETF FOF GrowthCommoditieshigh Risk17.82%53.51 Cr
LIC MF Conservative Hybrid Fund GrowthAllocationmoderately high Risk7.67%51.17 Cr
LIC MF Gilt Fund PF Plan GrowthFixed Incomemoderate Risk6.34%46.94 Cr
LIC MF Gilt Fund GrowthFixed Incomemoderate Risk6.34%46.94 Cr
LIC MF Money Market Fund Regular GrowthFixed Incomelow Risk6.44%20.44 Cr
LIC MF Equity Savings GrowthAllocationmoderately high Risk15.99%15.77 Cr
LIC MF Childrens Gift FundAllocationvery high Risk27.02%15.71 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

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