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

2 - 8 years exp.

₹3.3 Lakhs - ₹6.7 Lakhs

Salary of majority employees

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)	₹3.3 L/yr - ₹5.9 L/yr
BFSI, Investments & Trading Sales Manager Salary 2 - 8 years exp. (10 salaries)	₹3.6 L/yr - ₹6.7 L/yr
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Marketing & Communication Sales Manager Salary 3 - 8 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5 L/yr

Last Updated: 29 Mar 2025

Companies similar to LIC Mutual Fund for Sales Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Sales Manager Salary 0 - 10 years exp. (1k salaries)	₹1.4 L/yr - ₹9.6 L/yr 9% more
Aditya Birla Capital Sales Manager Salary 1 - 11 years exp. (306 salaries)	₹1.9 L/yr - ₹10 L/yr 17% more
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ICICI Securities Sales Manager Salary 0 - 5 years exp. (268 salaries)	₹1.8 L/yr - ₹4.3 L/yr 37% less
Motilal Oswal Financial Services Sales Manager Salary 3 - 12 years exp. (108 salaries)	₹2.1 L/yr - ₹8.6 L/yr 12% more	1 job opening
Edelweiss Sales Manager Salary 2 - 13 years exp. (94 salaries)	₹3 L/yr - ₹10.5 L/yr 25% more
JM Financial Sales Manager Salary 1 - 10 years exp. (55 salaries)	₹3 L/yr - ₹7 L/yr 3% less
Reliance Capital Sales Manager Salary 0 - 13 years exp. (29 salaries)	₹1.2 L/yr - ₹7.2 L/yr 33% less
Bajaj Capital Sales Manager Salary 2 - 8 years exp. (13 salaries)	₹2.4 L/yr - ₹7.5 L/yr 25% less
Sharekhan Sales Manager Salary 1 - 20 years exp. (10 salaries)	₹3 L/yr - ₹9.5 L/yr 8% more
Motilal Oswal Sales Manager Salary 0 - 12 years exp. (10 salaries)	₹2.3 L/yr - ₹7 L/yr 20% less
Religare Sales Manager Salary 2 - 13 years exp. (9 salaries)	₹2.4 L/yr - ₹7.5 L/yr 28% less
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The Muthoot Group Sales Manager Salary 4 - 10 years exp. (9 salaries)	₹3.1 L/yr - ₹6.6 L/yr 15% less
BOBCARD Ltd. Sales Manager Salary 1 - 15 years exp. (6 salaries)	₹2.3 L/yr - ₹12 L/yr 34% more
Geojit Financial Services Sales Manager Salary 1 - 10 years exp. (5 salaries)	₹3 L/yr - ₹4.8 L/yr 26% less
ICRA Sales Manager Salary 7 - 12 years exp. (4 salaries)	₹7.2 L/yr - ₹10 L/yr 73% more
Nippon Life India Asset Management Sales Manager Salary 1 - 5 years exp. (4 salaries)	₹2 L/yr - ₹7 L/yr 30% less
5paisa Capital Ltd. Sales Manager Salary 6 - 11 years exp. (3 salaries)	₹5 L/yr - ₹7 L/yr 17% more
Muthoot Capital Services Sales Manager Salary 12 - 15 years exp. (3 salaries)	₹4 L/yr - ₹4.3 L/yr 20% less

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.

Experience wise LIC Mutual Fund Sales Manager salaries

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
2 years (4 salaries)	₹4 L/yr - ₹5 L/yr
3 years (5 salaries)	₹3.6 L/yr - ₹5.8 L/yr
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4 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
5 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
6 years (7 salaries)	₹3.3 L/yr - ₹6 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)

₹6.35 L/yr - ₹10.5 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

3.0

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

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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 ₹38,217 to ₹39,409 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?

ICRA	₹7.2 Lakhs to ₹10.0 Lakhs per year
BOBCARD Ltd.	₹2.3 Lakhs to ₹12.0 Lakhs per year
Edelweiss	₹3.0 Lakhs to ₹10.5 Lakhs per year
5paisa Capital Ltd.	₹5.0 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Capital	₹1.9 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:

Motilal Oswal Financial Services	₹2.1 Lakhs to ₹8.6 Lakhs per year
Bajaj Finserv	₹1.4 Lakhs to ₹9.6 Lakhs per year
Sharekhan	₹3.0 Lakhs to ₹9.5 Lakhs per year
JM Financial	₹3.0 Lakhs to ₹7.0 Lakhs per year
The Muthoot Group	₹3.1 Lakhs to ₹6.6 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	₹4.5 Lakhs to ₹5.7 Lakhs per year
5 years	₹4.6 Lakhs to ₹5.8 Lakhs per year

and so on.

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LIC Mutual Fund Sales Manager Salaries

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