LIC Mutual Fund Sales Manager Salaries by 30+ Employees (Updated 2025)

1 - 8 years exp.

₹3.3 Lakhs - ₹7.8 Lakhs

Salary of majority employees

24% less than the average Sales Manager Salary in Financial Services Companies for 1 - 8 years of experience

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Salaries in different departments

Sales & Business Development Sales Manager Salary 2 - 8 years exp. (12 salaries)	₹3.3 L/yr - ₹5.9 L/yr
BFSI, Investments & Trading Sales Manager Salary 1 - 8 years exp. (11 salaries)	₹3.6 L/yr - ₹6.7 L/yr
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Customer Success, Service & Operations Sales Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹7.8 L/yr
Marketing & Communication Sales Manager Salary 3 - 8 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 10 Feb 2025

Companies similar to LIC Mutual Fund for Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Sales Manager Salary 3 - 7 years exp. (6 salaries)	₹4.8 L/yr - ₹11.2 L/yr 17% more
SBI Mutual Fund Sales Manager Salary 0 - 5 years exp. (6 salaries)	₹2.2 L/yr - ₹3.5 L/yr 54% less
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Kotak Mahindra Bank Sales Manager Salary 0 - 12 years exp. (769 salaries)	₹1.2 L/yr - ₹10 L/yr 16% more
Nippon Life India Asset Management Sales Manager Salary 1 - 5 years exp. (4 salaries)	₹2 L/yr - ₹7 L/yr 34% less
Franklin Templeton Investments Sales Manager Salary 5 - 18 years exp. (4 salaries)	₹12 L/yr - ₹26.3 L/yr 215% more
UTI Mutual Fund Sales Manager Salary 3 - 11 years exp. (4 salaries)	₹8 L/yr - ₹11 L/yr 71% more	6 job openings
Bajaj Finserv Sales Manager Salary 0 - 10 years exp. (1k salaries)	₹1.5 L/yr - ₹10 L/yr 4% more
Aditya Birla Capital Sales Manager Salary 1 - 11 years exp. (303 salaries)	₹2.6 L/yr - ₹10 L/yr 11% more
ICICI Securities Sales Manager Salary 0 - 5 years exp. (263 salaries)	₹1.8 L/yr - ₹4.2 L/yr 41% less
Motilal Oswal Financial Services Sales Manager Salary 3 - 12 years exp. (108 salaries)	₹2.1 L/yr - ₹8.6 L/yr 6% more
Edelweiss Sales Manager Salary 2 - 13 years exp. (95 salaries)	₹3 L/yr - ₹10.5 L/yr 23% more
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JM Financial Sales Manager Salary 1 - 12 years exp. (64 salaries)	₹3 L/yr - ₹7 L/yr 10% less
Shriram Housing Finance Sales Manager Salary 4 - 11 years exp. (36 salaries)	₹3 L/yr - ₹6.3 L/yr 13% less
Reliance Capital Sales Manager Salary 0 - 13 years exp. (29 salaries)	₹1.2 L/yr - ₹7.2 L/yr 36% less
Bajaj Capital Sales Manager Salary 2 - 8 years exp. (13 salaries)	₹2.4 L/yr - ₹7.5 L/yr 28% less
Sharekhan Sales Manager Salary 1 - 16 years exp. (12 salaries)	₹2 L/yr - ₹9.9 L/yr 1% less
Religare Sales Manager Salary 2 - 13 years exp. (9 salaries)	₹2.4 L/yr - ₹7.5 L/yr 31% less
The Muthoot Group Sales Manager Salary 5 - 9 years exp. (7 salaries)	₹3.1 L/yr - ₹6.3 L/yr 19% less
Geojit Financial Services Sales Manager Salary 1 - 10 years exp. (5 salaries)	₹3 L/yr - ₹4.8 L/yr 30% less
ICRA Sales Manager Salary 7 - 12 years exp. (4 salaries)	₹7.2 L/yr - ₹10 L/yr 65% more

Sales Manager salary at LIC Mutual Fund ranges between ₹3.3 Lakhs to ₹7.8 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 35 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Sales Manager salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹9.1 L/yr
2 years (4 salaries)	₹4 L/yr - ₹9.2 L/yr
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3 years (5 salaries)	₹3.6 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹9.5 L/yr
5 years (4 salaries)	₹3.3 L/yr - ₹7.5 L/yr
6 years (8 salaries)	₹3.3 L/yr - ₹7.8 L/yr
7 years (7 salaries)	₹4 L/yr - ₹6.7 L/yr
8 years (5 salaries)	₹4 L/yr - ₹6.7 L/yr

View all

Similar Designation salaries in LIC Mutual Fund

Area Manager Salary

(18 salaries)

₹6.8 L/yr - ₹16.17 L/yr

Branch Manager Salary

(6 salaries)

₹7.6 L/yr - ₹9.76 L/yr

Area Sales Manager Salary

(3 salaries)

₹11.3 L/yr - ₹15 L/yr

Sales Officer Salary

(3 salaries)

₹3 L/yr - ₹5 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Senior Sales Manager Salary

(9 salaries)

₹6 L/yr - ₹13 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Sales Executive Salary

(4 salaries)

₹1.2 L/yr - ₹3.2 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹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

3.2

Rated by 10 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 Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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LIC Mutual Fund Sales Manager Salary FAQs

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

Sales Manager salary at LIC Mutual Fund in India ranges between ₹3.3 Lakhs to ₹7.8 Lakhs for experience between 1 years to 8 years. According to our estimates it is 24% less than the average Sales Manager Salary in India. Salary estimates are based on 35 latest salaries received from various employees of LIC Mutual Fund India.

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

The average salary of a Sales Manager at LIC Mutual Fund is 24% less than the average salary of a Sales Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Sales Manager at LIC Mutual Fund?

After Sales Support, Management, Banking Sales, Servicing and Market Intelligence are some of the popular skills required to work as a Sales Manager at LIC Mutual Fund India.

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

Franklin Templeton Investments Sales Manager Salary - ₹12.0 Lakhs to ₹26.3 Lakhs per year
UTI Mutual Fund Sales Manager Salary - ₹8.0 Lakhs to ₹11.0 Lakhs per year
ICRA Sales Manager Salary - ₹7.2 Lakhs to ₹10.0 Lakhs per year
Edelweiss Sales Manager Salary - ₹3.0 Lakhs to ₹10.5 Lakhs per year
ICICI Prudential Mutual Fund Sales Manager Salary - ₹4.8 Lakhs to ₹11.2 Lakhs per year

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

Kotak Mahindra Bank Sales Manager Salary - ₹1.2 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Capital Sales Manager Salary - ₹2.6 Lakhs to ₹10.0 Lakhs per year
Motilal Oswal Financial Services Sales Manager Salary - ₹2.1 Lakhs to ₹8.6 Lakhs per year
Bajaj Finserv Sales Manager Salary - ₹1.5 Lakhs to ₹10.0 Lakhs per year
Sharekhan Sales Manager Salary - ₹2.0 Lakhs to ₹9.9 Lakhs per year

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 ranges between ₹40,163 per month to ₹41,326 per month in India. The take-home salary calculation is based on the average LIC Mutual Fund Sales Manager salary in India which ranges between ₹3.3 Lakhs to ₹7.8 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 70% of the LIC Mutual Fund Sales Managers reported a notice period of 3 Months, 23% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 30 responses on AmbitionBox in last 2 years.

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LIC Mutual Fund Sales Manager Salaries

LIC Mutual Fund Sales Manager salary in India ranges between ₹3.3 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.