Who can open an LIC NPS account?

Any Indian citizen (Resident, NRI, or OCI) between 18 and 70 years of age can open an NPS account with LIC Pension Fund, provided they comply with KYC norms and documentation requirements.

What are the main benefits of LIC NPS Fund?

Diversified investment with exposure to equities, bonds, and government securities. Low fund management charges. Strong historical performance and trust associated with LIC. Flexibility to change investments and fund managers. Suitable for long-term wealth creation towards retirement.

Can a subscriber change their investment option or fund manager?

Yes, NPS subscribers can switch between Auto and Active choices. Subscribers can also change their pension fund manager (including to or from LIC Pension Fund) as per PFRDA guidelines.

LIC NPS Fund

LIC NPS Fund, managed by LIC Pension Fund Ltd., is a government-regulated retirement savings scheme under the National Pension System (NPS). It allows individuals to invest systematically in a diversified portfolio comprising equity, bonds, and government securities, aiming for long-term growth and secure retirement. LIC's expertise and trusted legacy make this fund a reliable choice for building a retirement corpus.

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Highlights of the LIC NPS Fund

Below are the highlights of the NPS fund by LIC:

Particulars	Details
Assets (Rs. in crore)	1,819.06
Scheme Inception Date	4-Oct-10
Top 3 Sectors	Government Securities; Monetary Intermediation of Banks; Other Credit Granting
Returns Since Inception	9.60%

Sector-wise Holdings of LIC Pension Fund NPS

Sector	Fund (%)
Financial	30.58
Technology	13.15
Energy & Utilities	12.82
Consumer Discretionary	10.76
Consumer Staples	9.26
Industrials	8.98
Materials	6.63
Healthcare	5.54
Unspecified	1.34
Real Estate	0.53
Diversified	0.43

Asset Allocation of LIC Pension Fund NPS

Below is the asset allocation of the LIC NPS Fund:

Particulars	Details
Equity	98.66%
Debt	0.82%
Cash & Cash Eq.	0.52%

Top Holdings of LIC NPS Fund

Company Name	P/E Ratio	Assets (%)
HDFC Bank	21.04	7.97
ICICI Bank	18.97	6.90
Reliance Industries	23.31	6.17
Larsen & Toubro	31.76	3.94
State Bank of India	10.02	3.80
Bharti Airtel	33.71	3.79
Infosys	22.84	3.34
ITC	14.70	2.79
Axis Bank	12.72	2.74
Tata Consultancy	22.62	2.27
Ultratech Cement	53.42	2.00
NTPC	13.68	1.93
Kotak Mahindra Bank	21.10	1.89
Hindustan Unilever	56.02	1.78
Bajaj Finance	35.86	1.78
Mahindra & Mahindra	32.61	1.71
Maruti Suzuki India	34.53	1.58
Sun Pharmaceutical Industries	38.08	1.47
Bharat Electronics	54.00	1.33
Power Grid Corporation Of India	17.30	1.22
HCL Technologies	22.97	1.19
Tata Steel	47.03	1.12
Hindalco Industries	9.92	1.07
Cipla	23.41	1.05
Max Healthcare Institute	99.16	1.00

As on 31-Aug-2025

P/E Ratio: Price-to-Earnings ratio

LIC Pension Fund NPS Returns

Period Invested for	Absolute Returns	Annualised Returns
1 Month	2.70%	-
3 Month	3.10%	-
6 Month	13.00%	-
9 Month	5.10%	-
1 Year	0.60%	0.60%
2 Year	31.90%	14.80%
3 Year	53.90%	15.50%
5 Year	148.20%	19.90%

Tax Treatment of LIC NPS Fund

Investments in the National Pension Scheme (NPS) are exempt from income tax. Additionally, you can claim extra tax deductions of up to ₹50,000 on your Tier 1 NPS contributions under Section 80CCD(1B) of the income tax.

FAQs

Who can open an LIC NPS account?

Any Indian citizen (Resident, NRI, or OCI) between 18 and 70 years of age can open an NPS account with LIC Pension Fund, provided they comply with KYC norms and documentation requirements.
What are the main benefits of LIC NPS Fund?
- Diversified investment with exposure to equities, bonds, and government securities.
- Low fund management charges.
- Strong historical performance and trust associated with LIC.
- Flexibility to change investments and fund managers.
- Suitable for long-term wealth creation towards retirement.
Can a subscriber change their investment option or fund manager?

Yes, NPS subscribers can switch between Auto and Active choices. Subscribers can also change their pension fund manager (including to or from LIC Pension Fund) as per PFRDA guidelines.

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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.