Who owns LIC Mutual Fund?
LIC Mutual Fund is not wholly owned by any single company recorded here: LIC of India (India, NSE: LICI) holds a 44.61% stake.[1]
Evidence: Life Insurance Corporation of India Annual Report 2023-24. Last checked .
Key facts
- Largest stakeholder
- Life Insurance Corporation of India (44.61% stake) reported
- Headquarters
- 🇮🇳 India, Mumbai
- Origin
- 🇮🇳 India
- Founded
- 1989
- Category
- Finance & insurance › Investing › Asset managers & funds
- Parent ticker
- NSE: LICI
- Last verified
- · 1 sources
About LIC Mutual Fund
LIC Mutual Fund was constituted as a trust on 20 April 1989 with LIC of India as sponsor. The LIC annual report 2023-24 says it managed 39 schemes at 31 March 2024 and gives LIC a 44.61% stake in LIC Mutual Fund Asset Management Ltd., an associate company.
Ownership timeline of LIC Mutual Fund
Where LIC Mutual Fund sits in LIC of India
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full LIC of India ownership tree →
See the full LIC of India brand portfolio (7) →
Other brands owned by LIC of India
LIC of India controls 8 brands on Brandtree, 8 of them in finance & insurance.
Also in finance & insurance
Other brands in asset managers & funds, and who owns them
The 9 brands in asset managers & funds on Brandtree belong to 7 owners. The largest is IFS, with 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Inteligo | IFS | 🇵🇪 Peru |
| Nippon Life India Asset Management | Nippon Life | 🇯🇵 Japan |
| Prima AFP | Credicorp | 🇵🇪 Peru |
| AllianceBernstein | Equitable Holdings | 🇺🇸 United States |
| Fondos Fima | Grupo Galicia | 🇦🇷 Argentina |
| Glacier | Sanlam | 🇿🇦 South Africa |
| Interfondos | IFS | 🇵🇪 Peru |
| Nissay Asset Management | Nippon Life | 🇯🇵 Japan |
About the owner: LIC of India
LIC of India is a publicly listed company headquartered in Mumbai, India, founded in 1956.
Life Insurance Corporation of India was established on 1 September 1956 under the Life Insurance Corporation Act, 1956, and its central office is Yogakshema, Jeevan Bima Marg, Nariman Point, Mumbai. Its FY2023-24 annual report gives the President of India as holding 6,10,36,22,781 equity shares, 96.5% of the total, and shows its shares listed on NSE (symbol LICI) and BSE (code 543526). The report says that on 31 March 2024 the Corporation had three wholly owned subsidiaries, four subsidiaries and six associate companies.
LIC of India: full profile, brands and acquisition history →
🇮🇳 LIC Mutual Fund and other Indian brands
Brandtree records a controlling owner for 255 brands that began in India. 9 of them (4%) are now controlled by a company headquartered in another country; LIC Mutual Fund is not one of them.
- Axis Max Life Insurance — Max Financial Services 🇮🇳
- Bajaj Finance — Bajaj Finserv 🇮🇳
- Digit Insurance — Go Digit 🇮🇳
- GIC Re — GIC Re 🇮🇳
- Nippon Life India Asset Management — Nippon Life 🇯🇵
- 8PM — Radico Khaitan 🇮🇳
Frequently asked questions
Who owns LIC Mutual Fund?
No single company recorded here owns LIC Mutual Fund outright. LIC of India holds a 44.61% stake.
Does LIC of India control LIC Mutual Fund?
No. A 44.61% holding does not give control, so LIC of India shares ownership with others.
Where did LIC Mutual Fund come from?
LIC Mutual Fund originated in India in 1989.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Life Insurance Corporation of India Annual Report 2023-24 — Life Insurance Corporation of India, Annual report; retrieved 10 October 2026.
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