LIC Mutual Fund Area Sales Manager Salaries by 3 Employees (Updated 2025)

10 - 12 years exp.

₹11.3 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

31% more than the average Area Sales Manager Salary in Financial Services Companies for 10 - 12 years of experience

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Salaries in different departments

Sales & Business Development Area Sales Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹11.3 L/yr - ₹12 L/yr
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BFSI, Investments & Trading Area Sales Manager Salary 12 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 19 Aug 2023

Companies similar to LIC Mutual Fund for Area Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Area Sales Manager Salary 3 - 9 years exp. (3 salaries)	₹5.5 L/yr - ₹10.2 L/yr 33% less
SBI Mutual Fund Area Sales Manager Salary 5 - 15 years exp. (4 salaries)	₹1.2 L/yr - ₹7 L/yr 68% less
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Kotak Mahindra Bank Area Sales Manager Salary 6 - 16 years exp. (265 salaries)	₹5.6 L/yr - ₹23 L/yr 1% more
Nippon Life India Asset Management Area Sales Manager Salary 1 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹14.9 L/yr 35% less
Bajaj Finserv Area Sales Manager Salary 4 - 13 years exp. (371 salaries)	₹4.9 L/yr - ₹15.6 L/yr 18% less
Aditya Birla Capital Area Sales Manager Salary 6 - 16 years exp. (106 salaries)	₹4.8 L/yr - ₹18.2 L/yr 6% less
Edelweiss Area Sales Manager Salary 10 - 17 years exp. (60 salaries)	₹7.6 L/yr - ₹15.5 L/yr 10% less
Motilal Oswal Financial Services Area Sales Manager Salary 1 - 16 years exp. (42 salaries)	₹3.3 L/yr - ₹13 L/yr 40% less
JM Financial Area Sales Manager Salary 9 - 17 years exp. (14 salaries)	₹5.3 L/yr - ₹14 L/yr 20% less
Sharekhan Area Sales Manager Salary 6 - 19 years exp. (7 salaries)	₹4.8 L/yr - ₹10 L/yr 37% less
ICICI Securities Area Sales Manager Salary 3 - 12 years exp. (7 salaries)	₹3.5 L/yr - ₹5.2 L/yr 68% less
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Bajaj Capital Area Sales Manager Salary 2 - 15 years exp. (6 salaries)	₹4.4 L/yr - ₹6.5 L/yr 56% less
The Muthoot Group Area Sales Manager Salary 0 - 15 years exp. (5 salaries)	₹4.2 L/yr - ₹8.2 L/yr 57% less
Reliance Capital Area Sales Manager Salary 7 - 14 years exp. (4 salaries)	₹4.5 L/yr - ₹11.7 L/yr 39% less
ICRA Area Sales Manager Salary 2 - 8 years exp. (3 salaries)	₹8.3 L/yr - ₹15 L/yr 3% less
Stock Holding Corporation of India Area Sales Manager Salary 20 - 21 years exp. (3 salaries)	₹16.8 L/yr - ₹28 L/yr 60% more

Area Sales Manager salary at LIC Mutual Fund ranges between ₹11.3 Lakhs to ₹15 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Area Sales Manager salaries

Last Updated: 19 Aug 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
11 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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12 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr

Similar Designation salaries in LIC Mutual Fund

Sales Manager Salary

(35 salaries)

₹3.25 L/yr - ₹7.75 L/yr

Senior Sales Manager Salary

(9 salaries)

₹6 L/yr - ₹13 L/yr

Area Manager Salary

(18 salaries)

₹6.8 L/yr - ₹16.17 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Branch Manager Salary

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₹7.6 L/yr - ₹9.76 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Sales Officer Salary

(3 salaries)

₹3 L/yr - ₹5 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Relationship Manager Salary

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₹2.4 L/yr - ₹5.9 L/yr

Salary related reviews for LIC Mutual Fund

Senior Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 06 May 2023

2.0

for Salary and Benefits

Likes

Nothing likes for this organisation

Dislikes

...nal life hell. As the company don't have any process, proper management and all. Often you will pay from your pocket bcoz the right approvals will not come as per the commitment of the senior management. There is neither proper system nor HR policy in this organisation. If you want to spoil your career by entering in this monopoly, uncultured then you may think of this organisation. If there would 0 for job security then I could have clicked on that.

Salary - Poor

+6 more

Administration Executive in Kanpur

Full Time

Mutual funds Department

1.0

• posted on 24 Mar 2020

1.0

for Salary and Benefits

Likes

I have very bad experience working in Lic Mf as a admin executive, I have faced mental harassment there, slow growth & insecure environment.

Dislikes

I have joined there as a off role payroll process via rand stand company and they didn’t settle my dues and also not provided my reliving letter too.

Salary - Bad

+6 more

Sales Manager in New Delhi

Sales & Business Development Department

4.0

• posted on 29 May 2022

3.0

for Salary and Benefits

Likes

Work culture is good. Lots of things are there to learn and built personality. Working Location Prefrence gives better understanding about the area and gives many more ideas to enhance sales and busienss for orgsnisation.

Skill development - Good

+4 more

Dislikes

Sometime managing multiple channels become challanging.

Vice President - Zonal Head - North Zone in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 07 Feb 2022

5.0

for Salary and Benefits

Likes

Fantastic company to work for.. Performers always gets appreciated & acknowledged..Moreover Management believes in giving autonomy/ independent space to perform & excel..LIC MF has given opportunity to so many young/ fresh professionals in MF domain & most of them have come out with flying colors..The company has created/prepared so many young talent for the industry.. Indeed great experience working for this company since last 7 Years..

Salary - Excellent

+6 more

Dislikes

Nothing as such..

Business Development Manager in Bhubaneswar

Marketing & Communication Department

3.0

• posted on 12 Nov 2021

1.0

for Salary and Benefits

Likes

As a lady I feel really safe working with the organization but when it comes to guidance or support the seniors are not that much supportive, job security is very poor as meeting target is not possible because of lower penetration and less tie ups. Funds are not that very good performing to attract client.

Company culture - Good

+1 more

Dislikes

No training, no hand holding

Salary - Bad

+4 more

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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LIC Mutual Fund Area Sales Manager Salary FAQs

What is the notice period for Area Sales Manager at LIC Mutual Fund?

According to AmbitionBox, 100% of the LIC Mutual Fund Area Sales Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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LIC Mutual Fund Area Sales Manager Salaries

LIC Mutual Fund Area Sales Manager salary in India ranges between ₹11.3 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.