The inflow into LIC MF schemes through distributors has grown from 48 per cent in 2023 to 70 per cent largely due to better performance of most of the schemes.
LIC Mutual Fund has opened 1.80 lakh Pocket SIP (systematic investment plan) to democratise mutual fund investment and widen the coverage in smaller cities.
The fund house facilitates minimum daily and weekly SIP of ₹100 and ₹150, while monthly SIP can start from ₹200. The minimum quarterly investment is fixed at ₹1,000.
Ravi Kumar Jha, Managing Director and CEO, LIC Mutual Fund said the response for Pocket SIP has been tremendous as people are keen to participate in India growth story and growing financial literacy.
The cost of processing Pocket SIP has been on the higher side, but LIC MF is willing to take the extra cost for the benefit of reaching common man on the street, he said.
The asset under management of the fund house has grown steadily in the last three years from ₹16,500 crore to touch ₹51,000 crore. The equity asset of ₹19,000 crore and debt AUM is about ₹30,000 crore.
The fund house has initiated Aadhaar-based eNach registration to facilitate registration of investors without debit card.
The inflow into LIC MF schemes through distributors has grown from 48 per cent in 2023 to 70 per cent largely due to better performance of most of the schemes.
“We are also working with insurance agents of LIC to take MF distribution in smaller cities. Though some of them are finding it difficult to clear the exams, we are hand holding them and providing special assistance,” he said.
Published on February 20, 2026
