Coverfox.com
  • Insurance
    • Car
      • Car Insurance
      • Companies
      • Third party car insurance
      • Comprehensive car insurance
      • Car insurance calculator
      • New car insurance
      • Zero Dep Car Insurance
      • Buy Car Insurance
      • Compare Car Insurance
    • Bike
      • Two Wheeler Insurance
      • Two Wheeler Insurance Companies
      • Two Wheeler Insurance Claim
      • Two Wheeler premium Calculator
      • Third party Bike insurance
      • Multiyear Bike Insurance
    • Health
      • Health Insurance
      • Companies
      • Mediclaim Policy
      • Individual Health Insurance plans
      • Critical illness insurance
      • Senior citizen health insurance
      • Arogya sanjeevani policy
      • Coronavirus Health insurance
    • Term
      • Term Insurance
      • Companies
      • Life insurance
      • Life Insurance calculator
      • Term Insurance calculator
      • Life Insurance Plans
      • 1 crore term insurance
      • Compare Term Insurance
      • Buy Term Insurance
      • Term Insurance Renewals
    • Investment
      • Investment Plans
      • Companies
      • Buy Investment Plans
      • Child Plans
      • Pension Plans
      • ULIP
      • Endowment Policy
      • Tax saving investment
      • Buy ULIP
      • Best ULIP
  • About Coverfox
    • About us
    • Insurance Blog
  • Claims
  • Contact us
  • Login
  • Investment
  • Car
  • Bike
  • Taxi
  • Term Life
  • Health
  • Travel

LIC Nomura Mutual Fund

Life Insurance Corporation (LIC), one of the most recognized and trusted brands in India that is associated with almost every household. Interestingly, it is also one of the major players in the mutual fund sector.

The LIC Mutual Fund was established on 20th April 1989 by LIC of India, with LIC of India as the main sponsor and was then known as Jeevan Bima Sahyog AMC Ltd. It commenced its business operations on 29th April 1994, with a sharp focus on investor wealth creation. In March 2011, following a joint venture agreement between LIC Mutual Fund and Nomura Asset Management Co. Ltd., it was renamed as LIC Nomura Mutual Fund Asset Management Company Ltd. In the JV, LIC held 45 per cent equity stake, and Nomura and LIC Housing Finance held 35 per cent and 20 per cent stake, respectively.

However, in 2016, Nomura Asset Management exited the JV, and the business was rebranded to LIC Mutual Fund. Following Nomura's exit, GIC Housing Finance Ltd. and Corporation Bank became the new partners in the JV with minority stakes. As of June 2019, LIC Mutual Fund's total asset under management stands at Rs. 15,902 crore, spread across 23 equity and debt mutual fund schemes.

Explore more on Mutual Funds

  • Icici Elss Funds | Dsp Blackrock Mutual Fund Customer Care Number | Reliance Mutual Fund Customer Care Number
  • Uti Mutual Fund Customer Care Number | Mutual Funds Vs Post Office Schemes | Kotak Mutual Fund Customer Care Number
  • Icici Prudential Focused Bluechip Equity Fund Reliance Retirement Fund | High Risk Mutual Funds | Mutual Funds Vs Recurring Deposits
  • Franklin India High Growth Companies Fund | Ppfas Mutual Fund | Reliance Banking Fund | Best Multi Cap Funds
  • Information Ratio | Reliance Sip | How To Redeem Fund Units
  • Icici Sip Calculator | Hdfc Prudence Fund | Tata Equity Pe Fund Direct Growth | Reliance Vision Fund | Reliance Equity Opportunities Fund
  • Sbi Corporate Bond Fund | Aditya Birla Sun Life Equity Advantage Fund | Start Investment With Best Sip Plan
  • Reliance Diversified Power Sector Fund | Credit Opportunities Fund | Bnp Paribas Mutual Funds | Icici Prudential Value Discovery Fund
  • Mutual Funds Vs Stocks | Aditya Birla Sun Life Medium Term Plan | Sbi Magnum Global Fund | Best Sip Plans Mutual Fund
  • Edelweiss Mutual Funds | Mirae Asset Mutual Fund | Principal Emerging Bluechip Fund
  • Hdfc Balanced Fund | Taurus Mutual Fund | Hsbc Vs Religare Mutual Fund
  • Icici Prudential Balanced Fund | Rental Property Vs Mutual Funds
  • Best Small Cap Funds | Expense Ratio Mutual Funds | Sbi Infrastructure Fund | New Fund Offers Nfo | Axis Liquid Fund
  • Sbi Psu Fund | Idbi Mutual Fund | Tata Balanced Fund | Bharat 22 Etf | Aditya Birla Sun Life Dynamic Bond Fund
  • Hdfc Growth Opportunities Fund | What Are Value Funds And Growth Funds Differentiate | Sbi Equity Hybrid Fund | Boi Axa Mutual Fund
  • Sbi Magnum Equity Esg Fund | Icici Prudential Balanced Advantage Fund | Invesco Mutual Fund
  • Birla Sun Life Frontline Equity Fund | Nippon India Short Term Fund | Axis Equity Hybrid Fund
  • Open Ended And Close Ended Funds | Motilal Oswal Mutual Fund | Hdfc Equity Fund
  • Sbi Magnum Comma Fund | Sip Investments Best Option For Investors During Coronavirus
  • Interval Fund Vs Close Ended Funds | Icici Prudential Liquid Fund | Best Dividend Yield Funds
  • How To Invest In Mutual Funds During The Coronavirus Pandemic | Sbi Child Education Plan
  • 8 Elss Mutual Funds For Investment 2018 19 | What Mutual Fund Investors Should Do During Coronavirus
  • Should You Invest In Equity Mutual Funds Or Nps For Retirement | Sbi Pharma Fund | Sbi Magnum Multicap Fund
  • One Time Investment Plan | Interval Fund Vs Fixed Maturity Plan | How To Set Up Sip In Mutual Funds
  • How To Manage Your Mutual Funds And Insurance | Hdfc Medium Term Opportunities Fund | Best Value Mutual Funds

Features & Benefits of LIC Nomura Mutual Fund

The key features and benefits of the LIC Mutual Fund are as follows.

Trust and Faith

LIC Mutual Fund carries the legacy of its parent company, LIC, which is one of the pioneering organisations in India and is known for its trustworthiness and reliability. Therefore, mutual funds offered by LIC Mutual Funds enjoy the investor's interest and preference.

Long Experience in Asset Management

LIC Mutual Fund is the oldest mutual fund houses in India, with over 25 years of presence in the sector. It is one of the first few mutual fund houses after UTI and SBI MF, to enter the asset management business.

Further, its association with Nomura had helped to gain meaningful insights of the mutual fund business and fund management.

Wide Choice for Investors

LIC Mutual Fund offers a wide variety of fund options to investors, both on equity and debt front. It covers all the important fund sections, which the investors usually vouch for like, Large & Midcap Fund, Multicap Fund, Children's Gift Fund, Tax Plan, ULIS, Thematic, etc.

It also offers Portfolio Management Services (PMS) to its customer across equity, debt, and hybrid asset class. Apart from Monthly and Quarterly SIP, it also provides Daily SIP feature to its investors.

Excellent Customer Support

The brand LIC is developed on excellent customer service and support, a legacy which LIC MF is taking forward. LIC MF offers extensive customer service support through its Toll-Free no. 1800 258 5678, social media channels, online support as well as offline support (through a rich network of branches).

Top 5 LIC Mutual Funds

Fund Name (Direct Plan) 1 yr Return (%) 3 yr Return (%) 5 yr Return (%)
LIC MF Tax Plan 5.28 12.04 11.48
LIC MF Large-cap Fund 4.67 10.04 10.11
LIC MF Large and Mid Cap Fund 3.88 14.66 -
LIC MF Banking and PSU Debt Fund 11.19 8.57 8.18
LIC MF Government Securities Fund 16.91 9.52 10.39

FAQs on LIC Nomura Mutual Fund

How do we invest in LIC MF schemes?

Investors can invest directly through online by visiting LIC MF website or approach registered mutual fund distributors.

Does LIC MF have Direct Plan on their mutual fund schemes?

Yes, LIC MF provides Direct Plan on their mutual fund schemes. As per the SEBI circular dated 13th Sep 2012, it is mandatory for AMCs to provide Direct Plan on their MF schemes.

How do investors redeem their units of LIC MF schemes?

Investors can fully or partially redeem their investments in LIC mutual funds. An investor has to submit a redemption request along with the duly filled redemption requests form mentioning the number of units or the amount to be redeemed.

What proof does investor receive for investing in LIC MF?

Every unit holder is entitled to a statement of account of the units credited after every purchase. For investments made during the initial offer period, the investor will receive statements of account within ten business days after the closure of the offer.

Further, each unit-holder is entitled to an annual account statement after each fiscal year (31st March), containing details of investors opening unit balance as on April 1st of the prior year, transactions made during the year and closing balance of unit held as on 31st March.

Do LIC MF offers SIP/SWP facility to investors?

Yes, LIC MF offers both SIP and SWP facility to its investors. Investors can have a minimum monthly SIP of Rs. 1000 for equity and debt funds (Rs. 500 for ELSS), and in multiples of Re.1 thereafter.

Under Systematic Withdrawal Plan (SWP), investors can withdraw amounts from their scheme on a periodic basis. Investors can redeem a fixed sum or fixed unit from their investment, with a minimum of 50 units and multiple thereafter at a regular interval.

Insurance made simple for you
35+ Insurers. With 350+ Products
Car Insurance
Car
Bike Insurance
Bike
Term Insurance
Term
Health Insurance
Health
Close
icon Personal Finance icon Mutual Funds icon Lic Nomura Mutual Fund
  • Secure
  • Licensed By
  • Payment Options
  • Car Insurance
  • Bike Insurance
  • Motor Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Car Insurance Premium Calculator
  • Family Health Insurance
  • Senior Citizens Insurance
  • Group Insurance
  • Corona Rakshak Policy
  • Corona Kavach Policy
  • Super Topup Plan
  • Term Insurance
  • ULIP
  • e-Term Plan
  • 1 Cr Term Insurance
  • कार इन्शुरन्स
  • टू व्हीलर इंश्योरेंस
  • टर्म इंश्योरेंस
  • हेल्थ इंश्योरेंस
  • मेडिक्लेम पॉलिसी
  • Learn About Insurance
  • Network Hospitals
  • Cashless Garages
  • Get Android App
  • Learn
  • About Us
  • Contact Us
  • Careers
  • Sitemap
  • FAQs
Connect with us
Become a Partner
Become a Coverdrive POS Agent

Coverfox Insurance Broking Pvt. Ltd. : Unit D4131-4139, 4th floor, Oberoi Garden Estates, Near Chandivali Studio, Andheri East, Mumbai - 400072

Licence No. 478 , IRDA Direct Broker Code: IRDA/ DB 556/ 13 , Valid till: 26/12/2022, CIN: U66000MH2013PTC243810

  • Shipping & Delivery Policy
  • Privacy Policy
  • Cancellation & Refund
  • Terms & Conditions
Copyright © 2022 Coverfox.com. All Rights Reserved