Comparison

MFCentral Mutual Fund App vs My LIC

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

MFCentral Mutual Fund App

This app serves as India's first unified platform for managing all your mutual fund investments. It allows you to view your portfolio across all folios and initiate service requests for non-demat holdings. Access statements, track status, and manage your investments conveniently from one place.

Highlights
  • Unified portfolio view (SoA & Demat)
  • Initiate service requests
  • Track investment status
  • Consolidated account statements
  • Manage nominee details
  • Update bank and tax information
Features
Read full description

Introducing India’s First All-in-one Investment Management Platform to Transform the Mutual Fund Industry MFCentral is the investor services hub conceived by CAMS & KFintech powering a new era of collaboration by providing convenience to transact across all folios of an investor with unparalleled user experience. MFCentral is introduced as a unified platform for all your Mutual Fund related needs. This is a Mutual Fund Industry initiative to minimize the need to visit multiple industry players to access your portfolio, statements, Service Requests and investments. KEY FEATURES MFCentral will cover all your Mutual Fund Folios having the same PAN/PEKRN and Registered Mobile Number. Portfolio coverage will be offered across all such Folios in Demat or Non-Demat forms. However, Service Requests are currently restricted to only your Non-Demat Holdings that are originated using MFU (Mutual Funds Utility). Managing your service requests can’t get any simpler! My Portfolio - Fund house wise & Asset class wise details (SoA & DEMAT holdings) Service Requests: Change of IDCW Option Change/Update Email Address Change Regsitered Mobile Number Consoldiation of Folios Correction of erroneous data captured in Folio Change of Banj Account Details Multiple Bank Mandate Registration Update Nominee Details Update Bank IFSC Change of Tax Status (Resident Indian / Non-Resident Indian) Transmission Request FATCA/CRS Declaration Status Modification from Minor to Major Update Form 15 G/H Details Track Status Unclaimed Payouts Consolidated Account Statements Your personal and investment data currently resides with the Registrar and Transfer Agents (RTA) and is absolutely safe with them. MFCentral is a collaborative effort that only populates the data as available in the RTA system. All such sensitive information is as secure as they were before MFCentral. A very limited log-in credentials related information is stored in MFCentral in a highly secured environment.

About

My LIC

Manage your insurance policies conveniently with this official app. Update personal details, pay premiums, and access policy services in one place. Currently in beta for select customers.

Highlights
  • Policy management
  • Update personal details
  • Premium payments
  • Access policy services
  • Official LIC app
Read full description

Manage your LIC policies easily with the all-new My LIC app, your one-stop solution for policy services. "OFFICIAL APP FROM LIFE INSURANCE CORPORATION OF INDIA" This app is currently available exclusively for select beta LIC customers. With My LIC app you can easily manage your policies, update personal details, pay premium and a lot more.

Screenshots

MFCentral Mutual Fund App4 screens
My LIC4 screens

Verdict

The call

The clearest difference is rating: My LIC at 4.7 against MFCentral Mutual Fund App's 2.4. My LIC also leads on update cadence (every 3 weeks vs every 29 months) and ratings volume (99 vs 9). MFCentral Mutual Fund App's advantage is review sentiment (31% vs 22%). On price, ads, in-app purchases and monetization model there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

My LIC holds the better App Store score, 4.7 against 2.4. That said, the two scores are not equally well evidenced: My LIC has 99 ratings behind it against 9, so its average is the more settled of the two. Written reviews complicate that: 31% of MFCentral Mutual Fund App's written reviews are positive against 22% of My LIC's, so the app with the better star average is not the one people write more warmly about.

UpkeepUpdate frequency

MFCentral Mutual Fund App ships an update every 29 months, My LIC every 3 weeks. Both last shipped on October 30, 2026.

Scorecard4 real differences · 6 level
MFCentral Mutual Fund App versus My LIC: the parameters behind the verdict, then further details
ParameterMFCentral Mutual Fund AppMy LIC
PriceFreeFree
Rating2.4 (9 ratings)4.7 (99 ratings) — better
Positive reviews31.1% of reviews — better22.0% of reviews
Number of ratings999 — better
Update frequencyEvery 29 monthsEvery 3 weeks — better
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPadiPhone, iPad
Requires iOS17.617 — better
Further details — not scored
Size14 MB40 MB
Age rating4+4+
DeveloperKFIN TECHNOLOGIES LIMITEDLife Insurance Corporation of India

Customer experience

MFCentral Mutual Fund App

All ratings9 ratings
Positive33.3%
Neutral11.1%
Negative55.6%
Written reviews61 reviews
Positive31.1%
Neutral24.6%
Negative44.3%

My LIC

All ratings12 ratings
Positive83.3%
Neutral8.3%
Negative8.3%
Written reviews50 reviews
Positive22.0%
Neutral4.0%
Negative74.0%

In-app purchases

None

MFCentral Mutual Fund App

No in-app purchases

None

My LIC

No in-app purchases

Questions

Is MFCentral Mutual Fund App free?
MFCentral Mutual Fund App is free to download, with no in-app purchases.
Is My LIC free?
My LIC is free to download, with no in-app purchases.
Which has better reviews, MFCentral Mutual Fund App or My LIC?
My LIC is rated higher. MFCentral Mutual Fund App averages 2.4 out of 5 from 9 ratings, while My LIC averages 4.7 from 99 ratings.
Do MFCentral Mutual Fund App or My LIC have ads?
Neither MFCentral Mutual Fund App nor My LIC shows ads.
Which is updated more often, MFCentral Mutual Fund App or My LIC?
MFCentral Mutual Fund App ships an update every 29 months, and My LIC every 3 weeks. Most recently, MFCentral Mutual Fund App was updated on October 30, 2026 and My LIC on October 30, 2026.

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