LIC Mutual Fund Branch Manager Salaries by 6 Employees (Updated 2024)

10 - 14 years exp.

₹7.6 Lakhs - ₹9.8 Lakhs

Salary of majority employees

8% more than the average Branch Manager Salary in Financial Services Companies for 10 - 14 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.4 L/yr
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BFSI, Investments & Trading Branch Manager Salary 13 years exp. (AmbitionBox Estimate)	₹9.2 L/yr - ₹10 L/yr

Last Updated: 16 Mar 2023

Companies similar to LIC Mutual Fund for Branch Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Branch Manager Salary 3 - 13 years exp. (144 salaries)	₹3 L/yr - ₹11.5 L/yr 30% less
SBI Mutual Fund Branch Manager Salary 4 - 12 years exp. (25 salaries)	₹4.5 L/yr - ₹11.3 L/yr 32% less
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Birla Sun Life Mutual Fund Branch Manager Salary 10 - 14 years exp. (4 salaries)	₹6.2 L/yr - ₹6.4 L/yr 34% less
Axis Mutual Fund Branch Manager Salary 5 - 12 years exp. (11 salaries)	₹6.3 L/yr - ₹12 L/yr 1% less
Kotak Mahindra Bank Branch Manager Salary 7 - 21 years exp. (1k salaries)	₹6.6 L/yr - ₹25.6 L/yr 67% more	2 job openings
Nippon Life India Asset Management Branch Manager Salary 4 - 15 years exp. (35 salaries)	₹5.9 L/yr - ₹12 L/yr 13% less	1 job opening
Franklin Templeton Investments Branch Manager Salary 6 - 8 years exp. (6 salaries)	₹8 L/yr - ₹18 L/yr 12% more
UTI Mutual Fund Branch Manager Salary 15 - 18 years exp. (4 salaries)	₹8.4 L/yr - ₹17.5 L/yr 31% more
MAS Financial Services Branch Manager Salary 4 - 12 years exp. (194 salaries)	₹2.1 L/yr - ₹10 L/yr 46% less	11 job openings
Muthoot Group Branch Manager Salary 3 - 13 years exp. (191 salaries)	₹2 L/yr - ₹7.5 L/yr 51% less
ICICI Securities Branch Manager Salary 3 - 11 years exp. (154 salaries)	₹4 L/yr - ₹12.1 L/yr 24% less
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Edelweiss Branch Manager Salary 5 - 18 years exp. (146 salaries)	₹3.5 L/yr - ₹10.9 L/yr 27% less	1 job opening
Shriram Housing Finance Branch Manager Salary 5 - 16 years exp. (124 salaries)	₹4.4 L/yr - ₹13 L/yr 16% less
Aditya Birla Capital Branch Manager Salary 1 - 13 years exp. (96 salaries)	₹4.5 L/yr - ₹12.3 L/yr 18% less
Geojit Financial Services Branch Manager Salary 5 - 16 years exp. (96 salaries)	₹3 L/yr - ₹7 L/yr 46% less	2 job openings
Bajaj Finserv Branch Manager Salary 2 - 11 years exp. (76 salaries)	₹3.2 L/yr - ₹8 L/yr 37% less
Sharekhan Branch Manager Salary 9 - 19 years exp. (59 salaries)	₹4.2 L/yr - ₹14.3 L/yr 3% more	1 job opening
Stock Holding Corporation of India Branch Manager Salary 8 - 18 years exp. (57 salaries)	₹4.5 L/yr - ₹13 L/yr 19% less
Motilal Oswal Financial Services Branch Manager Salary 7 - 17 years exp. (54 salaries)	₹3.5 L/yr - ₹10.6 L/yr 27% less
Religare Branch Manager Salary 7 - 17 years exp. (46 salaries)	₹3 L/yr - ₹10 L/yr 35% less	1 job opening

View all

Branch Manager salary at LIC Mutual Fund ranges between ₹7.6 Lakhs to ₹9.8 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 6 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Branch Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹17.5 L/yr
11 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
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12 years (AmbitionBox Estimate)	₹8 L/yr - ₹17.5 L/yr
13 years (3 salaries)	₹7.6 L/yr - ₹17.5 L/yr
14 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹17.5 L/yr

Similar Designation salaries in LIC Mutual Fund

Area Manager Salary

(15 salaries)

₹6.8 L/yr - ₹16.17 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Sales Manager Salary

(32 salaries)

₹3.25 L/yr - ₹7.5 L/yr

Branch Head Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹35.1 L/yr - ₹44.8 L/yr

Operations Manager Salary

(4 salaries)

₹2.3 L/yr - ₹12.5 L/yr

Area Sales Manager Salary

(3 salaries)

₹11.3 L/yr - ₹15 L/yr

Relationship Manager Salary

(52 salaries)

₹2.4 L/yr - ₹5.9 L/yr

Senior Sales Manager Salary

(9 salaries)

₹6 L/yr - ₹13 L/yr

Salary related reviews for LIC Mutual Fund

1.0

Rated by 1 employees for salary & benefits

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.

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.

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.

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..

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.

Dislikes

No training, no hand holding

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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LIC Mutual Fund Branch Manager Salary FAQs

What is the salary of Branch Manager at LIC Mutual Fund?

Branch Manager salary at LIC Mutual Fund in India ranges between ₹7.6 Lakhs to ₹9.8 Lakhs for experience between 10 years to 14 years. According to our estimates it is 8% more than the average Branch Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of LIC Mutual Fund India.

How does the salary of a Branch Manager at LIC Mutual Fund India compare with the average salary range for this job?

The average salary of a Branch Manager at LIC Mutual Fund is 8% more than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than LIC Mutual Fund to a Branch Manager in India?

Kotak Mahindra Bank Branch Manager Salary - ₹6.6 Lakhs to ₹25.6 Lakhs per year
UTI Mutual Fund Branch Manager Salary - ₹8.4 Lakhs to ₹17.5 Lakhs per year
Franklin Templeton Investments Branch Manager Salary - ₹8.0 Lakhs to ₹18.0 Lakhs per year
Sharekhan Branch Manager Salary - ₹4.2 Lakhs to ₹14.3 Lakhs per year

What is the salary of a Branch Manager in companies similar to LIC Mutual Fund in India?

JM Financial Branch Manager Salary - ₹5.0 Lakhs to ₹10.8 Lakhs per year
Axis Mutual Fund Branch Manager Salary - ₹6.3 Lakhs to ₹12.0 Lakhs per year
Nippon Life India Asset Management Branch Manager Salary - ₹5.9 Lakhs to ₹12.0 Lakhs per year
Shriram Housing Finance Branch Manager Salary - ₹4.4 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Capital Branch Manager Salary - ₹4.5 Lakhs to ₹12.3 Lakhs per year

What is the estimated take home salary of a Branch Manager at LIC Mutual Fund in India?

The estimated take-home salary of a Branch Manager at LIC Mutual Fund ranges between ₹70,355 per month to ₹72,165 per month in India. The take-home salary calculation is based on the average LIC Mutual Fund Branch Manager salary in India which ranges between ₹7.6 Lakhs to ₹9.8 Lakhs per year for employees with experience between 10 years to 14 years. Check how did we calculate take home salary?

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LIC Mutual Fund Branch Manager Salaries

LIC Mutual Fund Branch Manager salary in India ranges between ₹7.6 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.

LIC Mutual Fund Branch Manager salaries in India

Companies similar to LIC Mutual Fund for Branch Manager

Latest annual salaries shared by LIC Mutual Fund Branch Manager

Experience wise LIC Mutual Fund Branch Manager salaries

Similar Designation salaries in LIC Mutual Fund

Salary related reviews for LIC Mutual Fund

Senior Relationship Manager in Kolkata

Administration Executive in Kanpur

Sales Manager in New Delhi

Vice President - Zonal Head - North Zone in New Delhi

Business Development Manager in Bhubaneswar

LIC Mutual Fund Branch Manager Salary FAQs

Tell us how to improve this page.

LIC Mutual Fund Branch Manager Salaries by Location