LIC Mutual Fund Oldest Schemes: LIC is known for its insurance schemes in which investors invest money to secure their future. Most of these schemes have a long maturity period. But there are other options for investing in LIC, which are giving much higher returns on your deposits than the insurance schemes. These options are the equity schemes of LIC Mutual Fund.
There are 3 old schemes of LIC Mutual Fund, which have been in the market for 30 years or more. All these three schemes have proved to be a return machine for investors since their launch. Those who invested only Rs 2000 every month in them, now they would have Rs 50 lakh to 60 lakh. You must be wondering which are the schemes that give such high returns. So let’s know the details of these three mutual fund schemes.
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LIC MF Large Cap Fund
LIC Mutual Fund Largecap Fund was launched 30 years ago in April 1994. Those who did SIP in 30 years are getting a return of 11.59 percent per annum. A monthly SIP of Rs 2000 in this fund became about 60 lakh rupees in 30 years. In this scheme, a minimum lump sum of Rs 5000 and SIP of Rs 1000 can be done.
Monthly SIP: Rs 2000
Upfront investment: Rs 10,000
Duration : 30 years
Annualized Return: 11.59%
Total investment in 30 years: Rs 7,30,000
Value of SIP after 30 years: Rs 59,49,353
Stocks in the portfolio:HDFC Bank, RIL, Larsen & Toubro, Infosys, Maruti Suzuki
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LIC MF Flexi Cap Fund
LIC Mutual Fund Flexicap Fund was launched 31 years ago on 15 April 1993. In 31 years, those who did SIP are getting a return of 11 percent per annum. A monthly SIP of Rs 2000 in this fund became about 59 lakh rupees in 31 years. In this scheme, a minimum lump sum of Rs 5000 and SIP of Rs 1000 can be done.
Monthly SIP: Rs 2000
Upfront investment: Rs 10,000
Duration: 31 years
Annualized Return: 11%
Total investment in 30 years: Rs 7,54,000
Value of SIP after 30 years: Rs 58,88,217
Stocks in the portfolio:HDFC Bank, HUL, Piramal Pharma, Sudarshan Chemical, Tech Mahindra
Mutual Fund SIP: 5 schemes with highest returns, Rs 10,000 monthly SIP turned into Rs 1 crore, 20 to 22% annual growth in 15 years
LIC MF Aggressive Hybrid Fund
LIC Mutual Fund Hybrid Fund was launched 32 years ago on 31 March 1992. In 32 years, those doing SIP are getting a return of 9.8 percent per annum. A monthly SIP of Rs 2000 in this fund became about Rs 50 lakh in 32 years. In this scheme, a minimum lump sum of Rs 5000 and SIP of Rs 1000 can be done.
Monthly SIP: Rs 2000
Upfront investment: Rs 10,000
Duration: 32 years
Annualized Return: 9.8%
Total investment in 30 years: Rs 7,78,000
Value of SIP after 30 years: Rs 49,81,806
Stocks in the portfolio: HDFC Bank, ICICI Bank, Reliance Ind, Infosys, Trent
(Source: Value Research)
(Note: Here we have given information only about the returns of smallcap funds. This is not an investment advice. There are risks in the market, so take investment decisions only after consulting an advisor.)
