LIC Mutual Fund | Invest only Rs 5000 in LIC Mutual Fund, you can get returns of Rs 1,75,00,000
LIC Mutual Fund Mutual Fund Systematic Investment Plans are the most preferred destination for financial investments. This is a good offer for people thinking of investing money in mutual funds. You can earn crores of rupees by investing in the best mutual funds of the country's largest insurance company, Life Insurance Corporation of India. If you invest Rs 5,000 in LIC's mutual fund for long term, you can get returns of more than Rs 1.75 crore. News has published a report on this. LIC Mutual Fund was launched on April 20, 1989. It was listed on the stock exchange on April 20, 1994. The trust is called LIC Mutual Fund Private Limited. At present LIC has 15 funds. These include LIC MF Infrastructure Fund, LIC MF Nifty Next 50 Index Fund, LIC MF Gold ETF FOF Fund, LIC MF Large and Midcap Fund, LIC MF Flexi Cap Fund, LIC MF Focused 30 Equity Fund, LIC MF Focused Fund, LIC MF Large Cap Funds are included. LIC Mutual Fund is operating with a corpus of Rs 30170.82 crore. LIC Mutual Fund is offering around 26 different schemes keeping in mind the needs of risk appetite investors. These funds hold 90.06% of the Indian stock market. Of these, 87.62% are in largecap stocks and 2.43% in midcap stocks. LIC AMC has registered a CAGR of 14.56% in the last three financial years. As a result, it has become the most preferred large and mid-cap mutual fund among investors. Customers can also avail tax benefits from LIC MF tax plans. Both are ELSS based investment options. If you want to invest in LIC Mutual Fund, then you will have to invest Rs 5,000 every month for about 30 years. Mutual investors get returns of around 12% annually on compound interest. If you deposit Rs 5 every month, it will become Rs 60,000 in one year and Rs 18 lakh in 30 years. At the rate of 12% per annum, you will get a return of around Rs 1,58,49,569 in 30 years. If you combine your total investment and returns, you will get Rs 1,76,49,569. Before investing in LIC Mutual Fund, definitely take advice from a mutual fund expert. To invest, you will need Aadhar Card, Voter ID Card, Passport, PAN Card etc. as personal identity card. Apart from this, a copy of ration card or electricity bill will have to be given for proof of address. After submitting the required documents, the investor can choose the investment period of interest. It is also important to choose investment plans that have risk appetite. The investor will be given the option to start SIP. In this way you can invest in LIC Mutual Fund through SIP.
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