LIC Mutual Fund aims to reach 1 trillion in assets under management (AUM) by leveraging its parent company's extensive network of approximately 1.48 million insurance agents. This strategy aims to overcome its current modest AUM of 44,383 crore, significantly trailing competitors like SBI Mutual Fund and Canara Robeco Mutual Fund. However, experts caution that the vast agent network may not fully compensate for the underperformance of its key equity schemes.