How to calculate LIC mutual fund returns?

Here’s how you can calculate returns on your LIC mutual fund investment - Absolute Return = ((Current NAV - Initial NAV) / Initial NAV) * 100 With this formula, you can measure how much your investment has grown in total. Moreover, you can also use Tickertape Mutual Fund Screener to get the latest data on LIC mutual fund returns and performance.

Does LIC offer tax-free mutual fund schemes?

LIC offers tax-saving options among its lic mutual fund schemes, particularly through its Equity Linked Savings Scheme (ELSS) . While the returns are subject to long-term capital gains tax, these funds allow investors to claim tax deductions under Section 80C of the Income Tax Act. Disclaimer: You can check the latest information about LIC ELSS funds on Tickertape Mutual Fund Screener .

How to cancel/stop a LIC mutual fund SIP?

To cancel or stop a LIC MF SIP, investors can visit the LIC Mutual Fund official website, use the platform where the SIP was started, or contact the relevant broker or distributor. The cancellation process may require login details, folio number, and SIP registration details. Disclaimer: Please do your own research or consult your financial advisor before making a financial decision.

How to withdraw money from LIC mutual funds?

Here’s how to withdraw/redeem from LIC mutual funds on Tickertape Mutual Fund Screener - Step 1 - Select the LIC mutual funds you want to redeem Step 2 - It will automatically redirect you to smallcase app. There you’ve to login to your smallcase account using your registered email or broker login. Step 3 - Go to the “Investments” or “Portfolio” tab from the bottom navigation bar. Step 4 - Find the LIC mutual funds you want to withdraw under “Mutual Funds” section (or “My Investments”), Step 5 - Tap on the mutual fund

What are the redemption charges of LIC mutual funds?

LIC mutual funds do not levy any redemption charges. However, an exit load may apply if units are redeemed within a specified period from the investment date. You can check the latest specific scheme details for charges on the Tickertape Mutual Fund Screener along with scheme details such as charges, returns, and LIC mutual fund interest rate information where applicable.

Which are the top-performing LIC mutual funds?

Here are the top LIC mutual funds based on their 6M absolute returns: LIC MF Infra Fund LIC MF Small Cap Fund LIC MF Dividend Yield Fund LIC MF Midcap Fund LIC MF Large & Midcap Fund Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing. Investors can also compare LIC growth fund NAV today on Tickertape Mutual Fund Screener.

How to increase the SIP amount in LIC mutual funds?

Investors can increase the SIP amount through the broker platform, mutual fund investment platform, or LIC Mutual Fund official website where the SIP was registered. In some cases, a new SIP may need to be created with the revised amount. Investors comparing products such as lic nivesh plus growth fund should check the relevant platform or official website for modification rules.

How to choose the best LIC mutual funds before investing?

Here’s how to choose the best LIC mutual funds for investing - Assess your risk tolerance. Analyse the fund’s performance on Tickertape Mutual Fund Screener. Compare the expense ratio. Evaluate portfolio diversification across sectors, market c=aps, and asset classes. Understand tax implications as equity and debt funds are taxed differently. Check for exit load and lock-in period. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing. Investors can also compare different categories, including LIC gold mutual fund, before making a decision

LIC Mutual Funds: Fund Performance, NAV, Returns & Schemes 2026

Q: How to invest in LIC mutual funds?

Here’s how you can invest in LIC Mutual Funds, Launch Tickertape Mutual Fund Screener. Select the LIC Mutual Funds that aligns with your investment goals. Click on “Place Order” and select the option “SIP” or "Lumpsum". Enter the amount and confirm “OK” Your order will be placed.

LIC Mutual Fund manages assets of over ₹45,000 cr as of early 2026, placing it within India’s ₹73.73 lakh cr mutual fund industry as of 31 March 2026. It offers equity, debt, hybrid, ETF, and index fund schemes across categories. Understanding its fund offerings, risks, performance trends, and key factors can help evaluate LIC Mutual Funds within the broader market context.

Top LIC Mutual Funds - SIP Schemes, Performance, Returns 2026

Top LIC Mutual Funds in India (2025)

Here's the list of top LIC mutual funds across equity, debt, hybrid funds offered by LIC Mutual Fund Asset Management Ltd.

Created by

@8260032 8260032

Showing 1 - 20 of 36 results

last updated at 11:00 PM IST

	NameMFs (36)↓	↓Sub CategorySub Category↓	↓PlanPlan↓	↓AUMAUM↓	↓AMCAMC↓	↓NAVNAV↓	↓Absolute Returns - 3MAbsolute Ret. - 3M↓	↓Absolute Returns - 1YAbsolute Ret. - 1Y↓	↓CAGR 3YCAGR 3Y↓	↓Expense RatioExpense Ratio↓	↓Exit LoadExit Load↓	↓VolatilityVolatility↓	↓Sharpe RatioSharpe Ratio↓
1.	LIC MF Liquid Fund LIC MF Liquid Fund	Liquid Fund Liquid Fund	Growth Growth	15,638.28 15,638.28	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	5,043.25 5,043.25	1.65 1.65	6.30 6.30	6.98 6.98	0.12 0.12	0.01 0.01	0.14 0.14	0.53 0.53
2.	LIC MF Money Market Fund LIC MF Money Market Fund	Money Market Fund Money Market Fund	Growth Growth	5,439.20 5,439.20	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	1,270.12 1,270.12	1.62 1.62	6.57 6.57	6.73 6.73	0.19 0.19	- -	0.39 0.39	6.53 6.53
3.	LIC MF Large & Midcap Fund LIC MF Large & Midcap Fund	Large & Mid Cap Fund Large & Mid Cap Fund	Growth Growth	2,958.49 2,958.49	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	44.12 44.12	-1.10 -1.10	6.92 6.92	18.57 18.57	0.90 0.90	1.00 1.00	14.49 14.49	0.30 0.30
4.	LIC MF Multi Cap Fund LIC MF Multi Cap Fund	Multi Cap Fund Multi Cap Fund	Growth Growth	1,849.35 1,849.35	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	18.48 18.48	2.64 2.64	14.29 14.29	21.92 21.92	0.85 0.85	1.00 1.00	15.06 15.06	0.72 0.72
5.	LIC MF Banking & PSU Fund LIC MF Banking & PSU Fund	Banking & PSU Fund Banking & PSU Fund	Growth Growth	1,847.94 1,847.94	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	39.15 39.15	1.14 1.14	5.20 5.20	7.20 7.20	0.28 0.28	- -	1.24 1.24	0.98 0.98
6.	LIC MF Low Duration Fund LIC MF Low Duration Fund	Low Duration Fund Low Duration Fund	Growth Growth	1,692.22 1,692.22	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	45.18 45.18	1.59 1.59	6.45 6.45	7.34 7.34	0.25 0.25	- -	0.46 0.46	5.28 5.28
7.	LIC MF Large Cap Fund LIC MF Large Cap Fund	Large Cap Fund Large Cap Fund	Growth Growth	1,352.11 1,352.11	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	60.62 60.62	-5.45 -5.45	-0.10 -0.10	10.69 10.69	1.14 1.14	1.00 1.00	13.62 13.62	-0.20 -0.20
8.	LIC MF Infra Fund LIC MF Infra Fund	Sectoral Fund - Infrastructure Sectoral Fund - Infrastructure	Growth Growth	1,046.65 1,046.65	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	61.67 61.67	8.08 8.08	25.72 25.72	31.09 31.09	1.01 1.01	1.00 1.00	16.60 16.60	1.24 1.24
9.	LIC MF ELSS Tax Saver LIC MF ELSS Tax Saver	Equity Linked Savings Scheme (ELSS) Equity Linked Savings Scheme (ELSS)	Growth Growth	993.77 993.77	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	166.67 166.67	-3.89 -3.89	0.12 0.12	13.86 13.86	1.07 1.07	- -	13.91 13.91	-0.18 -0.18
10.	LIC MF Flexi Cap Fund LIC MF Flexi Cap Fund	Flexi Cap Fund Flexi Cap Fund	Growth Growth	973.28 973.28	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	108.86 108.86	-0.81 -0.81	13.69 13.69	14.03 14.03	1.65 1.65	1.00 1.00	14.78 14.78	0.74 0.74
11.	LIC MF Multi Asset Allocation Fund LIC MF Multi Asset Allocation Fund	Multi Asset Allocation Fund Multi Asset Allocation Fund	Growth Growth	940.47 940.47	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	12.32 12.32	-0.45 -0.45	16.11 16.11	- -	1.11 1.11	1.00 1.00	13.56 13.56	0.90 0.90
12.	LIC MF Overnight Fund LIC MF Overnight Fund	Overnight Fund Overnight Fund	Growth Growth	902.49 902.49	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	1,403.91 1,403.91	1.24 1.24	5.39 5.39	6.25 6.25	0.07 0.07	- -	0.01 0.01	-38.97 -38.97
13.	LIC MF Gold ETF FoF LIC MF Gold ETF FoF	FoFs - Gold FoFs - Gold	Growth Growth	779.49 779.49	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	41.11 41.11	-0.44 -0.44	53.06 53.06	33.72 33.72	0.44 0.44	1.00 1.00	35.68 35.68	1.31 1.31
14.	LIC MF Manufacturing Fund LIC MF Manufacturing Fund	Thematic Fund Thematic Fund	Growth Growth	750.93 750.93	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	11.33 11.33	10.32 10.32	28.57 28.57	- -	1.66 1.66	1.00 1.00	16.36 16.36	1.40 1.40
15.	LIC MF Balanced Advantage Fund LIC MF Balanced Advantage Fund	Balanced Advantage Fund Balanced Advantage Fund	Growth Growth	681.03 681.03	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	14.35 14.35	-1.78 -1.78	2.31 2.31	9.45 9.45	1.25 1.25	1.00 1.00	8.28 8.28	-0.13 -0.13
16.	LIC MF Dividend Yield Fund LIC MF Dividend Yield Fund	Dividend Yield Fund Dividend Yield Fund	Growth Growth	661.28 661.28	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	34.55 34.55	3.53 3.53	13.02 13.02	23.15 23.15	0.80 0.80	1.00 1.00	15.39 15.39	0.66 0.66
17.	LIC MF Small Cap Fund LIC MF Small Cap Fund	Small Cap Fund Small Cap Fund	Growth Growth	660.05 660.05	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	36.64 36.64	14.03 14.03	20.60 20.60	21.90 21.90	1.05 1.05	1.00 1.00	17.19 17.19	0.99 0.99
18.	LIC MF Aggressive Hybrid Fund LIC MF Aggressive Hybrid Fund	Aggressive Hybrid Fund Aggressive Hybrid Fund	Growth Growth	508.75 508.75	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	224.48 224.48	0.13 0.13	7.07 7.07	13.49 13.49	1.41 1.41	1.00 1.00	11.41 11.41	0.33 0.33
19.	LIC MF Consumption Fund LIC MF Consumption Fund	Sectoral Fund - Consumption Sectoral Fund - Consumption	Growth Growth	435.65 435.65	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	9.70 9.70	0.24 0.24	- -	- -	1.56 1.56	1.00 1.00	16.91 16.91	-0.57 -0.57
20.	LIC MF Nifty 50 Index Fund LIC MF Nifty 50 Index Fund	Index Fund Index Fund	Growth Growth	360.09 360.09	LIC Mutual Fund Asset Management Limited LIC Mutual Fund Asset Management Limited	144.05 144.05	-5.97 -5.97	0.15 0.15	10.60 10.60	0.64 0.64	0.25 0.25	13.30 13.30	-0.15 -0.15

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: AMC: LIC Mutual Fund Asset Management Limited | AUM: Sorted from Highest to Lowest

What are LIC Mutual Funds?

LIC Mutual Funds come under LIC Mutual Fund Asset Management Company Ltd, a subsidiary of LIC of India. The fund house was founded in 1989 and now manages over ₹39,000 cr in AUM as of September 2025. It offers equity, debt, hybrid, and ETF schemes that aim to build long-term wealth and maintain investor trust.

Key Information About LIC Mutual Fund Asset Management Limited

Here are the key details about LIC Mutual Fund Asset Management Limited-

Category	Details
AMC Name	LIC Mutual Fund Asset Management Company Ltd
Established	1989
Sponsor	Life Insurance Corporation of India (LIC)
Headquarters	Industrial Assurance Building, 4th Floor, Opposite Churchgate Station, Mumbai – 400 020
Assets Under Management (AUM)	Approx. ₹41,609 cr as of 30th September 2025
Regulator	Securities and Exchange Board of India (SEBI)

Types of Funds Offered by LIC Mutual Fund

LIC Equity Funds

LIC Mutual Fund’s equity schemes invest mainly in shares of listed companies across sectors and market capitalisations. These funds aim to deliver long-term capital growth and suit investors seeking to benefit from India’s growing equity market.

LIC Debt Funds

LIC’s debt mutual funds invest in government securities, corporate bonds, and money market instruments. They focus on generating stable income with low risk and suit investors who prefer capital safety and consistent returns instead of long-term growth.

LIC Hybrid Funds

LIC offers hybrid funds that mix equity and debt investments to create a balanced risk and return profile. These funds provide equity-based growth and debt-based income stability, making them suitable for investors who seek moderate risk and steady returns.

LIC Tax-Saving Funds (ELSS)

LIC’s ELSS funds offer tax benefits under Section 80C and invest mainly in equities. They come with a 3-year lock-in period and aim to help build wealth and generate tax savings for long-term investors.

LIC Commodity and Sectoral Funds

LIC Mutual Fund offers sectoral and gold-based schemes. These funds invest in specific industries or commodities, helping investors diversify and benefit from focused themes or price movements in assets such as gold.

Overview of the Top LIC Mutual Fund Schemes

LIC MF Liquid Fund

LIC MF Liquid Fund invests in short-term money market instruments and high-quality debt securities. It aims to provide liquidity with stable returns. The fund is suitable for investors seeking efficient cash management over short investment horizons.

LIC MF Money Market Fund

This fund primarily invests in money market instruments such as treasury bills and commercial paper. LIC MF Money Market Fund focuses on maintaining capital safety and liquidity while generating reasonable returns in line with short-term interest rate movements.

LIC MF Large & Midcap Fund

LIC MF Large & Midcap Fund allocates assets between established large-cap and growth-oriented mid-cap companies. The fund seeks balanced exposure to stability and expansion potential through diversified investments across multiple sectors within the equity market.

LIC MF Banking & PSU Fund

LIC MF Banking & PSU Fund invests mainly in debt instruments issued by banks, public sector undertakings, and financial institutions. The scheme aims to deliver income stability through creditworthy issuers and interest rate optimisation across durations.

LIC MF Multi Cap Fund

This equity fund invests across large-, mid-, and small-cap stocks to capture opportunities across market segments. LIC MF Multi Cap Fund follows a diversified strategy, balancing risk and growth potential across industries and company sizes.

How to Invest in LIC Mutual Funds?

Here’s how you can identify and invest in top LIC MF with Tickertape Mutual Fund Screener -

Launch Tickertape Mutual Fund Screener.
Add a filter “AMC” and select “LIC Asset Management Company Ltd”.
Sort out the top LIC mutual funds based on over 50 fundamental and technical filters.
After identifying the LIC mutual funds, that align with your investment thesis, click on “Place Order” to invest in the LIC mutual funds.

With Tickertape Mutual Fund Screener, you can invest a ‘lumpsum’ or start a ‘SIP’ in LIC mutual funds. Moreover, by connecting your portfolio, you can do a deep analysis of your portfolio and assess its performance.

Top LIC Mutual Funds Managers

Nikhil Rungta

Appointed as Co-CIO (Equity) at LIC Mutual Fund in July 2024, Nikhil Rungta brings extensive experience in equity research and portfolio management. He focuses on identifying long-term growth opportunities and enhancing LIC MF’s equity strategy across diversified schemes.

Marzban Irani

A veteran of fixed-income markets, Marzban Irani has led LIC Mutual Fund’s debt segment since 2016. His expertise lies in managing government securities, corporate bonds, and liquid funds, ensuring stability, liquidity, and consistent returns for conservative investors.

Yogesh Patil

With over two decades of experience, Yogesh Patil manages LIC MF’s equity and multi-asset portfolios. He specialises in large-cap and infrastructure-focused strategies, balancing value and growth to deliver consistent long-term performance across changing market cycles.

Rahul Singh

Rahul Singh oversees LIC Mutual Fund’s liquid, overnight, and short-duration debt funds. With a focus on safety and liquidity, he manages portfolios designed to optimise short-term yields while maintaining low volatility and strong credit quality.

Karan Doshi

Karan Doshi manages thematic and sectoral funds within LIC Mutual Fund. His focus lies in identifying emerging growth sectors and aligning investment strategies with evolving economic trends, providing investors with exposure to high-potential industries and innovation-driven themes.

Risks Associated with LIC Mutual Funds

Market-Linked Volatility

LIC Mutual Fund offers equity, debt, hybrid, and other schemes. Equity funds can fluctuate with market movements, while debt funds may react to interest rate changes and credit conditions.

Smaller AMC Scale than Large Fund Houses

LIC Mutual Fund manages around ₹25,000 cr. AUM in 2026, which is smaller than India’s largest AMCs. Fund-house scale can affect scheme visibility, distribution reach, and portfolio flexibility.

Category-Specific Risk

LIC Mutual Fund has around 42 schemes, including equity, debt, hybrid, and other categories. Each category carries different risks, so performance may vary across schemes and market cycles.

Debt Fund Risks

LIC debt schemes may face interest rate, credit, and liquidity risks. NAVs can move when bond yields change or when issuer credit quality weakens.

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Factors to Consider Before Investing in LIC Mutual Funds

Scheme Category and Objective

LIC Mutual Fund offers equity, debt, hybrid, and other schemes. The fund category and investment objective help explain risk level, asset allocation, and expected return behaviour.

Fund-House Size and Scheme Mix

LIC Mutual Fund’s AUM is around ₹25,000 cr., with schemes spread across multiple categories. AMC size and scheme mix can provide context on scale, diversification, and product range.

Portfolio Composition

Equity schemes may invest across large-cap, mid-cap, small-cap, or sectoral stocks, while debt schemes focus on fixed-income instruments. Portfolio composition affects volatility, liquidity, and return behaviour.

Expense Ratio and Exit Load

Expense ratio and exit load can affect net returns. These costs differ by scheme, plan type, and holding period, so they remain important while comparing LIC Mutual Fund schemes.

Documents Required to Invest in LIC Mutual Fund

Here are a few documents you may require to invest in LIC MF:

Know Your Customer (KYC) Compliance
Common Application Form
Proof of Identity (PoI)
Proof of Address (PoA)
Proof of Bank Account
Recent Passport-Sized Photograph
In-Person Verification (IPV) for first-time investors
Additional Documents for Specific Categories (e.g., Non-Individuals, HUF, Partnership Firms)

NRI Investors: Passport, Overseas Address Proof, Bank Account Proof, FATCA/CRS Declaration

Note: For latest details visit LIC Mutual Fund’s official AMC website.

Conclusion

With assets spread across multiple fund categories, LIC Mutual Fund contributes to the diversification of India’s investment ecosystem. Its growth reflects the rising participation of retail investors and the evolution of regulated asset management in the country. Performance data, fund details, and LIC NAV today can be explored on Tickertape Mutual Fund Screener, a platform for analysing mutual funds and market trends.

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Frequently Asked Questions About LIC Mutual Funds

How to invest in LIC mutual funds?
Here’s how you can invest in LIC Mutual Funds,
1. Launch Tickertape Mutual Fund Screener.
2. Select the LIC Mutual Funds that aligns with your investment goals.
3. Click on “Place Order” and select the option “SIP” or "Lumpsum". Enter the amount and confirm “OK”
Your order will be placed.
How to calculate LIC mutual fund returns?
Here’s how you can calculate returns on your LIC mutual fund investment -
Absolute Return = ((Current NAV - Initial NAV) / Initial NAV) * 100

With this formula, you can measure how much your investment has grown in total. Moreover, you can also use Tickertape Mutual Fund Screener to get the latest data on LIC mutual fund returns and performance.
Does LIC offer tax-free mutual fund schemes?
LIC offers tax-saving options among its lic mutual fund schemes, particularly through its Equity Linked Savings Scheme (ELSS). While the returns are subject to long-term capital gains tax, these funds allow investors to claim tax deductions under Section 80C of the Income Tax Act.

Disclaimer: You can check the latest information about LIC ELSS funds on Tickertape Mutual Fund Screener.
How to cancel/stop a LIC mutual fund SIP?
To cancel or stop a LIC MF SIP, investors can visit the LIC Mutual Fund official website, use the platform where the SIP was started, or contact the relevant broker or distributor. The cancellation process may require login details, folio number, and SIP registration details.

Disclaimer: Please do your own research or consult your financial advisor before making a financial decision.
How to withdraw money from LIC mutual funds?
Here’s how to withdraw/redeem from LIC mutual funds on Tickertape Mutual Fund Screener -
1. Step 1 - Select the LIC mutual funds you want to redeem
2. Step 2 - It will automatically redirect you to smallcase app. There you’ve to login to your smallcase account using your registered email or broker login.
3. Step 3 - Go to the “Investments” or “Portfolio” tab from the bottom navigation bar.
4. Step 4 - Find the LIC mutual funds you want to withdraw under “Mutual Funds” section (or “My Investments”),
5. Step 5 - Tap on the mutual fund
What are the redemption charges of LIC mutual funds?
LIC mutual funds do not levy any redemption charges. However, an exit load may apply if units are redeemed within a specified period from the investment date. You can check the latest specific scheme details for charges on the Tickertape Mutual Fund Screener along with scheme details such as charges, returns, and LIC mutual fund interest rate information where applicable.
Which are the top-performing LIC mutual funds?
Here are the top LIC mutual funds based on their 6M absolute returns:
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing. Investors can also compare LIC growth fund NAV today on Tickertape Mutual Fund Screener.
How to increase the SIP amount in LIC mutual funds?
Investors can increase the SIP amount through the broker platform, mutual fund investment platform, or LIC Mutual Fund official website where the SIP was registered. In some cases, a new SIP may need to be created with the revised amount. Investors comparing products such as lic nivesh plus growth fund should check the relevant platform or official website for modification rules.
How to choose the best LIC mutual funds before investing?
Here’s how to choose the best LIC mutual funds for investing -
1. Assess your risk tolerance.
2. Analyse the fund’s performance on Tickertape Mutual Fund Screener.
3. Compare the expense ratio.
4. Evaluate portfolio diversification across sectors, market c=aps, and asset classes.
5. Understand tax implications as equity and debt funds are taxed differently.
6. Check for exit load and lock-in period.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing. Investors can also compare different categories, including LIC gold mutual fund, before making a decision

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.