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LIC Mutual Fund Sales Manager salaries in India (Updated 2025)

Annual salary range
2 - 8 years exp.
₹3.3 Lakhs - ₹6.7 Lakhs
Salary of majority employees
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28% less than the average Sales Manager Salary in Financial Services Companies for 2 - 8 years of experience

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Salaries in different departments

Sales & Business Development
Sales Manager Salary
2 - 8 years exp. (12 salaries)
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₹3.3 L/yr - ₹5.9 L/yr

BFSI, Investments & Trading
Sales Manager Salary
2 - 8 years exp. (10 salaries)
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₹3.6 L/yr - ₹6.7 L/yr

Marketing & Communication
Sales Manager Salary
3 - 8 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.3 L/yr

Last Updated: 10 Feb 2025

Companies similar to LIC Mutual Fund for Sales Manager

Company name Avg Annual Salary Open Jobs
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₹4.8 L/yr - ₹11.2 L/yr

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SBI Mutual Fund Sales Manager Salary

0 - 5 years exp. (6 salaries)

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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 52% less
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Kotak Mahindra Bank Sales Manager Salary

0 - 12 years exp. (746 salaries)

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₹2.2 L/yr - ₹10 L/yr

arrow icon 22% more
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₹2 L/yr - ₹7 L/yr

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₹12 L/yr - ₹26.3 L/yr

arrow icon 230% more
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UTI Mutual Fund Sales Manager Salary

3 - 11 years exp. (4 salaries)

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₹8 L/yr - ₹11 L/yr

arrow icon 79% more
1 job opening
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Bajaj Finserv Sales Manager Salary

0 - 10 years exp. (1k salaries)

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₹1.5 L/yr - ₹9.6 L/yr

arrow icon 9% more
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Aditya Birla Capital Sales Manager Salary

1 - 11 years exp. (306 salaries)

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₹1.9 L/yr - ₹10 L/yr

arrow icon 16% more
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ICICI Securities Sales Manager Salary

0 - 5 years exp. (268 salaries)

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₹1.8 L/yr - ₹4.3 L/yr

arrow icon 38% less
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₹2.1 L/yr - ₹8.6 L/yr

arrow icon 11% more
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Edelweiss Sales Manager Salary

2 - 13 years exp. (95 salaries)

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₹3 L/yr - ₹10.5 L/yr

arrow icon 25% more
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JM Financial Sales Manager Salary

1 - 10 years exp. (55 salaries)

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₹3 L/yr - ₹7 L/yr

arrow icon 3% less
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Reliance Capital Sales Manager Salary

0 - 13 years exp. (29 salaries)

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₹1.2 L/yr - ₹7.2 L/yr

arrow icon 34% less
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Bajaj Capital Sales Manager Salary

2 - 8 years exp. (13 salaries)

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₹2.4 L/yr - ₹7.5 L/yr

arrow icon 25% less
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Sharekhan Sales Manager Salary

1 - 20 years exp. (10 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 8% more
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Religare Sales Manager Salary

2 - 13 years exp. (9 salaries)

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₹2.4 L/yr - ₹7.5 L/yr

arrow icon 28% less
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The Muthoot Group Sales Manager Salary

4 - 10 years exp. (9 salaries)

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₹3.1 L/yr - ₹6.6 L/yr

arrow icon 15% less
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₹3 L/yr - ₹4.8 L/yr

arrow icon 27% less
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ICRA Sales Manager Salary

7 - 12 years exp. (4 salaries)

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₹7.2 L/yr - ₹10 L/yr

arrow icon 73% more
Sales Manager salary at LIC Mutual Fund ranges between ₹3.3 Lakhs to ₹6.7 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 31 latest salaries received from various employees of LIC Mutual Fund.

Latest annual salaries shared by LIC Mutual Fund Sales Manager

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Experience wise LIC Mutual Fund Sales Manager salaries

Last Updated: 10 Feb 2025

Experience Avg Annual Salary
2 years  (4 salaries)

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₹4 L/yr - ₹5 L/yr
3 years  (5 salaries)

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₹3.6 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)

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₹2 L/yr - ₹6 L/yr
6 years  (7 salaries)

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₹3.3 L/yr - ₹6 L/yr
View all

Similar Designation salaries in LIC Mutual Fund

Area Manager Salary
(18 salaries)
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₹6.8 L/yr - ₹16.17 L/yr
Branch Manager Salary
(6 salaries)
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₹6.35 L/yr - ₹10.5 L/yr
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₹11.3 L/yr - ₹15 L/yr
Sales Officer Salary
(3 salaries)
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₹3 L/yr - ₹5 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
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₹6 L/yr - ₹13 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹8.3 L/yr - ₹10.6 L/yr
Regional Manager Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
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₹1.2 L/yr - ₹3.2 L/yr
Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr

Top skills at LIC Mutual Fund for Sales Manager

After Sales Support Management Banking Sales Servicing Market Intelligence client servicing Corporate Recruitment Networking Research After Sales Support Management Recruitment Market Intelligence Data Reporting

Salary related reviews for LIC Mutual Fund

3.0

Rated by 10 employees for salary & benefits

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.

read more
  • Salary - Poor
  • +6 more

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Skill development - Good
  • +4 more

Dislikes

Sometime managing multiple channels become challanging.

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..

read more
  • Salary - Excellent
  • +6 more

Dislikes

Nothing as such..

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.

read more
  • Company culture - Good
  • +1 more

Dislikes

No training, no hand holding

  • Salary - Bad
  • +4 more
see more salary related reviews

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LIC Mutual Fund Sales Manager Salary FAQs

What is the salary of Sales Manager at LIC Mutual Fund ?
The average salary of a Sales Manager at LIC Mutual Fund in India typically ranges from ₹3.3 Lakhs to ₹6.7 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Sales Manager at LIC Mutual Fund earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.7 Lakhs per year. Sales Manager Salaries at LIC Mutual Fund can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 30+ LIC Mutual Fund employees in India.
What is the estimated take home salary of a Sales Manager at LIC Mutual Fund in India?
The estimated take-home salary of a Sales Manager at LIC Mutual Fund in India typically ranges from ₹38,282 to ₹39,472 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹6.7 Lakhs per year for employees with experience ranging from 2 years to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 30+ salaries received from various employees of LIC Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Sales Manager at LIC Mutual Fund ?
To be a Sales Manager at LIC Mutual Fund in india, the key skills required include:

  • - After Sales Support
  • - Management
  • - Banking Sales
  • - Servicing
  • - Market Intelligence

These skills are highly valued at LIC Mutual Fund and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than LIC Mutual Fund for Sales Manager in India?
Franklin Templeton Investments ₹12.0 Lakhs to ₹26.3 Lakhs per year
UTI Mutual Fund ₹8.0 Lakhs to ₹11.0 Lakhs per year
ICRA ₹7.2 Lakhs to ₹10.0 Lakhs per year
Edelweiss ₹3.0 Lakhs to ₹10.5 Lakhs per year
Kotak Mahindra Bank ₹2.2 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by LIC Mutual Fund, depending on the role and experience level.
What is the salary of a Sales Manager in companies similar to LIC Mutual Fund in India?
The salary of a Sales Manager at companies similar to LIC Mutual Fund in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Mutual Fund ₹4.8 Lakhs to ₹11.2 Lakhs per year
Aditya Birla Capital ₹1.9 Lakhs to ₹10.0 Lakhs per year
Motilal Oswal Financial Services ₹2.1 Lakhs to ₹8.6 Lakhs per year
Bajaj Finserv ₹1.5 Lakhs to ₹9.6 Lakhs per year
Sharekhan ₹3.0 Lakhs to ₹9.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Sales Manager at LIC Mutual Fund in India?
The salary growth for a Sales Manager at LIC Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Sales Manager can expect the following growth trajectory at LIC Mutual Fund:

Experience Average Salary Range
2 years ₹4.0 Lakhs to ₹5.0 Lakhs per year
3 years ₹3.6 Lakhs to ₹5.8 Lakhs per year
4 years ₹4.4 Lakhs to ₹9.0 Lakhs per year
5 years ₹2.0 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

LIC Mutual Fund Sales Manager salary in India ranges between ₹3.3 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 31 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.