# MFCentral Mutual Fund App vs My LIC

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.

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.

## The numbers

| Metric | MFCentral Mutual Fund App | My LIC |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [2.4 (9 ratings)](https://appshunter.io/ios/app/mfcentral-mutual-fund-app/id1600859014/reviews) | **[4.7 (99 ratings)](https://appshunter.io/ios/app/my-lic/id6740513802/reviews)** |
| Number of ratings | 9 | **99** |
| Positive reviews | **31.1% of reviews** | 22.0% of reviews |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | Every 29 months | **Every 3 weeks** |
| Monetization | Free | Free |
| Size | 14 MB | 40 MB |
| Requires iOS | 17.6 | **17** |
| Devices | iPhone, iPad | iPhone, iPad |
| Age rating | 4+ | 4+ |
| Developer | [KFIN TECHNOLOGIES LIMITED](https://appshunter.io/developer/763659403) | [Life Insurance Corporation of India](https://appshunter.io/developer/1265071093) |

## What reviewers say

### MFCentral Mutual Fund App

[App page](https://appshunter.io/ios/app/mfcentral-mutual-fund-app/id1600859014)

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:** Vision Pro support

**In-app purchases:** none


### My LIC

[App page](https://appshunter.io/ios/app/my-lic/id6740513802)

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

**In-app purchases:** none


## Frequently asked 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.

---

*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*