LIC Mutual Fund Mumbai Manager Salaries by 6 Employees (Updated 2025)

6 - 17 years exp.

₹13 Lakhs - ₹17.6 Lakhs

Salary of majority employees

11% less than the average Manager Salary in Financial Services Companies for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 13 - 17 years exp. (4 salaries)	₹13 L/yr - ₹14.5 L/yr
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Risk Management & Compliance Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹14.6 L/yr - ₹17.6 L/yr

Last Updated: 30 Dec 2024

Companies similar to LIC Mutual Fund for Manager in Mumbai

LIC Mutual Fund Manager Salary

6 - 17 years exp. (6 salaries)

₹13 L/yr - ₹17.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Manager Salary 2 - 15 years exp. (69 salaries)	₹6.5 L/yr - ₹26 L/yr 3% more
SBI Mutual Fund Manager Salary 4 - 14 years exp. (22 salaries)	₹6.3 L/yr - ₹18 L/yr 13% less
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Birla Sun Life Mutual Fund Manager Salary 5 - 16 years exp. (7 salaries)	₹7 L/yr - ₹12 L/yr 30% less
Axis Mutual Fund Manager Salary 1 - 14 years exp. (24 salaries)	₹6 L/yr - ₹21.5 L/yr At par
Kotak Mahindra Bank Manager Salary 0 - 16 years exp. (1.9k salaries)	₹4 L/yr - ₹13 L/yr 43% less
Nippon Life India Asset Management Manager Salary 5 - 12 years exp. (19 salaries)	₹6.8 L/yr - ₹17.5 L/yr 12% less
Franklin Templeton Investments Manager Salary 8 - 12 years exp. (6 salaries)	₹11.8 L/yr - ₹24 L/yr 50% more
DSP Mutual Fund Manager Salary 4 - 14 years exp. (10 salaries)	₹12 L/yr - ₹18 L/yr 13% more
UTI Mutual Fund Manager Salary 3 - 7 years exp. (12 salaries)	₹4.8 L/yr - ₹9.4 L/yr 51% less
JPMorgan Chase & Co. Manager Salary 6 - 17 years exp. (394 salaries)	₹7 L/yr - ₹25.5 L/yr 8% more	1 job opening
Edelweiss Manager Salary 3 - 14 years exp. (235 salaries)	₹6 L/yr - ₹21 L/yr 12% less
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Motilal Oswal Financial Services Manager Salary 4 - 13 years exp. (180 salaries)	₹4 L/yr - ₹12.5 L/yr 41% less
ICICI Securities Manager Salary 1 - 12 years exp. (128 salaries)	₹4.5 L/yr - ₹11.7 L/yr 50% less
Aditya Birla Capital Manager Salary 1 - 11 years exp. (116 salaries)	₹5.4 L/yr - ₹21.9 L/yr 12% less
Bajaj Finserv Manager Salary 1 - 12 years exp. (61 salaries)	₹3.5 L/yr - ₹10.9 L/yr 54% less
Reliance Capital Manager Salary 0 - 16 years exp. (28 salaries)	₹7 L/yr - ₹24 L/yr 7% more
JM Financial Manager Salary 4 - 14 years exp. (28 salaries)	₹4 L/yr - ₹11.4 L/yr 44% less
Sharekhan Manager Salary 2 - 14 years exp. (22 salaries)	₹5 L/yr - ₹18 L/yr 27% less
Shriram Housing Finance Manager Salary 5 - 13 years exp. (15 salaries)	₹4.1 L/yr - ₹12 L/yr 31% less
Bajaj Capital Manager Salary 2 - 10 years exp. (13 salaries)	₹4 L/yr - ₹10.5 L/yr 50% less	1 job opening

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Manager salary at LIC Mutual Fund ranges between ₹13 Lakhs to ₹17.6 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 6 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Manager salaries in Mumbai

Last Updated: 30 Dec 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹15.5 L/yr
7 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹17.6 L/yr
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8 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
9 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
10 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
11 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
12 years (AmbitionBox Estimate)	₹13 L/yr - ₹16.7 L/yr
13 years (AmbitionBox Estimate)	₹14 L/yr - ₹26 L/yr
14 years (AmbitionBox Estimate)	₹14 L/yr - ₹26 L/yr
15+ years (AmbitionBox Estimate)	₹13 L/yr - ₹25.9 L/yr

View all

Similar Designation salaries in LIC Mutual Fund

Chartered Accountant Salary

(3 salaries)

₹10.3 L/yr - ₹12.4 L/yr

Salary related reviews for LIC Mutual Fund

4.0

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.

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

see more salary related reviews

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Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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LIC Mutual Fund Manager Salary FAQs

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

Manager salary at LIC Mutual Fund in Mumbai ranges between ₹13.0 Lakhs to ₹17.6 Lakhs for experience between 6 years to 17 years. According to our estimates it is 11% less than the average Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of LIC Mutual Fund Mumbai.

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

The average salary of a Manager at LIC Mutual Fund is 11% less than the average salary of a Manager in Mumbai. To know exact salary insights, login to view.

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

MSCI Manager Salary - ₹15.0 Lakhs to ₹31.0 Lakhs per year
Franklin Templeton Investments Manager Salary - ₹11.8 Lakhs to ₹24.0 Lakhs per year
Stock Holding Corporation of India Manager Salary - ₹8.0 Lakhs to ₹26.0 Lakhs per year
DSP Mutual Fund Manager Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
JPMorgan Chase & Co. Manager Salary - ₹7.0 Lakhs to ₹25.5 Lakhs per year

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

Reliance Capital Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year
ICICI Prudential Mutual Fund Manager Salary - ₹6.5 Lakhs to ₹26.0 Lakhs per year
Axis Mutual Fund Manager Salary - ₹6.0 Lakhs to ₹21.5 Lakhs per year
Aditya Birla Capital Manager Salary - ₹5.4 Lakhs to ₹21.9 Lakhs per year
Edelweiss Manager Salary - ₹6.0 Lakhs to ₹21.0 Lakhs per year

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

The estimated take-home salary of a Manager at LIC Mutual Fund ranges between ₹1,00,887 per month to ₹1,03,637 per month in Mumbai. The take-home salary calculation is based on the average LIC Mutual Fund Manager salary in India which ranges between ₹13.0 Lakhs to ₹17.6 Lakhs per year for employees with experience between 6 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Manager at LIC Mutual Fund in Mumbai?

According to AmbitionBox, 100% of the LIC Mutual Fund Managers in Mumbai reported a notice period of 3 Months.This is based on 8 responses on AmbitionBox in last 2 years.

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LIC Mutual Fund Manager Salaries in Mumbai

LIC Mutual Fund Manager salary in Mumbai ranges between ₹13 Lakhs to ₹17.6 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.