LIC Mutual Fund Best plans: In the wake of poor performance of LIC’s stock, which is dropped 32% from its IPO price, the investors have became selective while investing their saving in to any scheme. However, This scheme is unique and it provides both savings and security. Investors have sunk approximately 2 lakh crores into this stock. However, there are numerous LIC mutual fund schemes that have made investors wealthy. He has given returns of up to 18.50 times in just 20 years.
In fact, the country’s largest government insurance company also operates a mutual fund. There are many insurance company mutual fund schemes that have consistently provided annual returns of 10% to 16% for the past 20 years. In this context, those who invested Rs 1 lakh saw their money grow to Rs 18.70 lakh after 20 years. We have provided information about the LIC Mutual Fund Best plans in this article.
LIC MF Large Cap Fund
20 Year Return: 15.76% CAGR
20 year SIP returns: 12.68% per annum
Value of 1 lakh investment in 20 years: 18.70 lakhs
Value of 10,000 SIP in 20 years: Rs 1.11 crore
In 20 years, the LIC MF Large Cap Fund has returned 15.76% per year. During this time, a Rs 1 lakh investment became Rs 18.70 lakh. Those who made a monthly SIP of Rs 10,000 saw their money grow to more than Rs 1.10 crores. This scheme requires a one-time investment of at least Rs 5,000. While a SIP of at least Rs 1,000 is permitted.
LIC MF Tax Plan
20 year return: 14% p.a.
20 year SIP return: 11.89% per annum
Value of 1 lakh investment in 20 years: 13.75 lakhs
Value of 10,000 SIP in 20 years: Rs 1 crore
In 20 years, the LIC MF Tax Plan has generated annual returns of around 14%. During this time, a one lakh rupee investment became 13.75 lakh rupees. Those who made a monthly SIP of Rs 10,000 saw their money grow to Rs 1 crore in 20 years. This scheme requires a one-time investment of at least Rs 500. While a SIP of at least Rs 1000 is permitted.
LIC MF Flexi Cap Fund
20 Year Return: 12.84 CAGR
20 year SIP returns: 10.28% per annum
Value of 1 lakh investment in 20 years: 11.20 lakhs
Value of 10,000 SIP in 20 years: Rs 89 lakh
In 20 years, the LIC MF Flexi Cap Fund has returned 12.85% per year. During this time, a Rs 1 lakh investment became Rs 11.20 lakh. At the same time, those who made a monthly SIP of Rs 10,000 saw their money grow to Rs 81,89,994. This scheme requires a one-time investment of at least Rs 5000. While a SIP of at least Rs 1000 is permitted.
