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LIC Mutual Fund
3.8
based on 94 Reviews
Company Overview
Company Locations
Working at LIC Mutual Fund
Company Summary
LIC Mutual Fund is one of the well known players in the asset management sphere. With a systematic investment discipline coupled with a high standard of financial ethics and corporate governance.
Overall Rating
3.8/5
based on 94 reviews
On-Par
with industry average
Highly rated for
Work-life balance, Job security
Critically rated for
Promotions, Salary, Skill development
Work Policy
Work from office
100% employees reported
Monday to Friday
88% employees reported
Flexible timing
55% employees reported
Within city
52% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
9 employees reported
Job/Soft skill training
6 employees reported
Professional degree assistance
3 employees reported
Office cab/shuttle
3 employees reported
View all benefits
About LIC Mutual Fund
Founded in1989 (36 yrs old)
India Employee Count--
Global Employee Count501-1k
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitelicmf.com
Primary Industry
Other Industries
--
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Being a group company of India's premier and most trusted brand i.e., LIC of India, LIC Mutual Fund is one of the well known players in the Asset Management sphere. Staying true to our core values of Inspiring Trust, Sustaining Purity, Fuelling Growth and Ensuring Protection for our esteemed investors, we are committed to customer-focused investment solutions, to deliver Khushiyaan, Zindagi ki.
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LIC Mutual Fund Ratings
based on 94 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
33
4
25
3
14
2
10
1
12
Category Ratings
4.1
Work-life balance
3.8
Job security
3.6
Company culture
3.5
Work satisfaction
3.3
Skill development
3.2
Salary
3.1
Promotions
LIC Mutual Fund is rated 3.8 out of 5 stars on AmbitionBox, based on 94 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at LIC Mutual Fund
based on 82 reviews
3.5
Rated by 26 Women
Rated 4.2 for Work-life balance and 3.6 for Job security
3.8
Rated by 56 Men
Rated 4.2 for Work-life balance and 3.9 for Job security
Work Policy at LIC Mutual Fund
based on 11 reviews in last 6 months
Work from office
100%
LIC Mutual Fund Reviews
Top mentions in LIC Mutual Fund Reviews
+ 1 more
Compare LIC Mutual Fund with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 94 reviews | 4.2/5 based on 91 reviews | 3.9/5 based on 101 reviews | 3.8/5 based on 893 reviews |
Highly Rated for | Work-life balance Job security | Job security Work-life balance Company culture | Job security | Skill development Job security Work-life balance |
Critically Rated for | Promotions Salary Skill development | No critically rated category | No critically rated category | Promotions Salary |
Primary Work Policy | Work from office 100% employees reported | - | Work from office 95% employees reported | Work from office 85% employees reported |
Rating by Women Employees | 3.5 Good rated by 26 women | 4.3 Good rated by 27 women | 4.0 Good rated by 20 women | 3.8 Good rated by 212 women |
Rating by Men Employees | 3.8 Good rated by 56 men | 4.2 Good rated by 58 men | 3.9 Good rated by 78 men | 3.8 Good rated by 660 men |
Job security | 3.8 Good | 4.3 Good | 3.9 Good | 3.9 Good |
View more
LIC Mutual Fund Salaries
LIC Mutual Fund salaries have received with an average score of 3.2 out of 5 by 94 employees.
Relationship Manager
(51 salaries)
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₹2.4 L/yr - ₹5.9 L/yr
Sales Manager
(35 salaries)
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₹3.3 L/yr - ₹7.8 L/yr
Relationship Executive
(29 salaries)
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₹2.3 L/yr - ₹4.2 L/yr
Customer Service Executive
(28 salaries)
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₹1.5 L/yr - ₹4 L/yr
Area Manager
(18 salaries)
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₹6.8 L/yr - ₹16.2 L/yr
Deputy Area Manager
(11 salaries)
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₹4 L/yr - ₹9.1 L/yr
LIC Agent
(11 salaries)
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₹0.5 L/yr - ₹3.2 L/yr
Senior Sales Manager
(9 salaries)
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₹6 L/yr - ₹13 L/yr
Senior Relationship Manager
(7 salaries)
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₹4.8 L/yr - ₹9.2 L/yr
Branch Manager
(6 salaries)
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₹7.6 L/yr - ₹9.8 L/yr
LIC Mutual Fund News
Quality Power Raises Rs 386 Crore From Anchor Investors Ahead Of IPO Launch
- Quality Power Electrical Equipments Ltd. has raised Rs 386 crore from anchor investors ahead of its initial public offering.
- The company allotted 90.9 lakh shares at Rs 425 apiece to 21 anchor investors.
- LIC Mutual Funds got the highest allocation, followed by Bank of India Mutual Funds and Maybank Securities PTE Ltd.
- Quality Power will launch its IPO on Friday to raise up to Rs 859 crore.
Bloomberg Quint | 14 Feb, 2025
Manorama Industries Promoters Offload Stake Worth Rs 200 Crore
- Manorama Industries promoters Vinita Ashish Saraf, Shrey Ashish Saraf, Agastya Saraf, and shareholder Ritu Saraf offloaded stake worth Rs 200 crore through open market transactions on Tuesday.
- LIC Mutual Fund, Bank of India Mutual Fund, and Aditya Birla Sun Life Mutual Fund bought shares in the company.
- Shares of Manorama Industries fell as much as 5.99% during the trade on Tuesday but partially recovered to close 2.55% lower at Rs 1,090 per share.
- The stock has soared by 172.36% on a year-to-date basis and has marked a climb of 187.05% over the past 12 months.
Bloomberg Quint | 24 Dec, 2024
LIC Mutual Fund May Consider IPO Once AUM Hits Rs 1 Lakh Crore, Says Managing Director
- LIC Mutual Fund may consider an IPO once its asset under management (AUM) reaches Rs 1 lakh crore.
- At present, LIC MF's AUM is around Rs 38,000 crore, a significant jump from Rs 16,526 crore in fiscal 2023.
- LIC MF's current equity contribution across all funds is 47%, with debt accounting for the remaining 53%.
- To achieve the target, LIC MF has taken various initiatives such as expanding offices, establishing distribution channels, and reducing minimum SIP amounts.
Bloomberg Quint | 13 Dec, 2024
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LIC Mutual Fund FAQs
When was LIC Mutual Fund founded?
LIC Mutual Fund was founded in 1989. The company has been operating for 36 years primarily in the Financial Services sector.
Where is the LIC Mutual Fund headquarters located?
LIC Mutual Fund is headquartered in Mumbai, Maharashtra.
Does LIC Mutual Fund have good work-life balance?
LIC Mutual Fund has a work-life balance rating of 4.1 out of 5 based on 90+ employee reviews on AmbitionBox. 62% employees rated LIC Mutual Fund 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read LIC Mutual Fund work-life balance reviews for more details
Is LIC Mutual Fund good for career growth?
Career growth at LIC Mutual Fund is rated as moderate, with a promotions and appraisal rating of 3.1. 38% employees rated LIC Mutual Fund 3 or below, while 62% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading LIC Mutual Fund reviews for more detailed insights.
What are the pros and cons of working in LIC Mutual Fund?
Working at LIC Mutual Fund comes with several advantages and disadvantages. It is highly rated for work life balance and job security. However, it is poorly rated for promotions / appraisal, salary & benefits and skill development, based on 90+ employee reviews on AmbitionBox.
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