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.
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.
- Unified portfolio view (SoA & Demat)
- Initiate service requests
- Track investment status
- Consolidated account statements
- Manage nominee details
- Update bank and tax information
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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.
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.
- Policy management
- Update personal details
- Premium payments
- Access policy services
- Official LIC app
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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
Verdict
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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
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.
MFCentral Mutual Fund App ships an update every 29 months, My LIC every 3 weeks. Both last shipped on October 30, 2026.
| Parameter | MFCentral Mutual Fund App | My LIC |
|---|---|---|
| Price | Free | Free |
| Rating | 2.4 (9 ratings) | 4.7 (99 ratings) — better |
| Positive reviews | 31.1% of reviews — better | 22.0% of reviews |
| Number of ratings | 9 | 99 — better |
| Update frequency | Every 29 months | Every 3 weeks — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad | iPhone, iPad |
| Requires iOS | 17.6 | 17 — better |
| Further details — not scored | ||
| Size | 14 MB | 40 MB |
| Age rating | 4+ | 4+ |
| Developer | KFIN TECHNOLOGIES LIMITED | Life Insurance Corporation of India |
Customer experience
MFCentral Mutual Fund App
My LIC
In-app purchases
MFCentral Mutual Fund App
No in-app purchases
My LIC
No in-app purchases
Questions
Is MFCentral Mutual Fund App free?
Is My LIC free?
Which has better reviews, MFCentral Mutual Fund App or My LIC?
Do MFCentral Mutual Fund App or My LIC have ads?
Which is updated more often, MFCentral Mutual Fund App or My LIC?
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