Best Performing LIC Mutual Funds :On hearing the name of LIC, many people think of insurance. Or if you know about the market, then LIC stock also comes to mind. Many people trust LIC to increase their capital in the long term through insurance. But LIC is another investment option, which has made investors rich in the long term. Here we are talking about some high return schemes of LIC Mutual Funds. Let us tell you that if we talk about the most trusted companies in the asset management market, then one of them is also LIC Mutual Fund.
RD Latest Rates: Guaranteed returns on investing like SIP, up to 8.35% annual interest, more profit in long term
Schemes with better ratings
There are many such schemes of LIC Mutual Fund, which have proved to be a return machine for investors in the long term. It is a subsidiary of the country’s largest government insurance company Life Insurance Corporation LIC. This asset management company was started in April 1989 and has consistently maintained its rating (Rating of Mutual Fund Scheme) for the last 30 years. Rating agencies like CRISIL have given better than average rating to LIC Mutual Fund and due to this the company also has a good customer base.
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Track record of delivering high returns
LIC Mutual Fund has different schemes in equity, debt and hybrid categories. The fund house is also offering tax saver plans. The fund house has many mutual fund schemes that have a good track record of consistently giving high returns over a long period of time. They have consistently increased the wealth of their investors.
LIC MF ELSS Tax Saver
20 Year SIP Return: 12.23% CAGR
Value of Rs 10,000 monthly SIP in 20 years: Rs 1,03,08,486 (Rs 1 crore)
Total investment in 20 years: Rs 24 lakh
Interest benefit in 20 years: Rs 7908486 (Rs 79.1 lakh)
LIC MF S&P BSE Sensex Index
20 Year SIP Return: 12% CAGR
Value of Rs 10,000 monthly SIP in 20 years: Rs 99,91,479 (approximately Rs 1 crore)
Total investment in 20 years: Rs 24 lakh
Interest benefit in 20 years: Rs 7591479 (about Rs 76 lakh)
Mutual fund industry grew 5.5 times in 10 years of Modi, top equity schemes gave up to 1063% return, 1 lakh became 11 lakh
LIC MF Nifty 50 Index
20 Year SIP Return: 11.75% CAGR
Value of Rs 10,000 monthly SIP in 20 years: Rs 96,59,344 (around Rs 97 lakh)
Total investment in 20 years: Rs 24 lakh
Interest benefit in 20 years: Rs 72,59,344 (Rs 72.6 lakh)
LIC MF Largecap Fund
20 Year SIP Return: 11.52% CAGR
Value of Rs 10,000 monthly SIP in 20 years: Rs 93,64,794 (Rs 93.6 lakh)
Total investment in 20 years: Rs 24 lakh
Interest benefit in 20 years: Rs 69,64,794 (Rs 69.6 lakh)
LIC MF Flexi Cap Fund
20 Year SIP Return: 11.53% CAGR
Value of Rs 10,000 monthly SIP in 20 years: Rs 93,77,386 (Rs 93.8 lakh)
Total investment in 20 years: Rs 24 lakh
Interest benefit in 20 years: Rs 69,77,386 (Rs 69.8 lakh)
(funds source : value research)