LIC Mutual Funds :When the name of Life Insurance Corporation (LIC) comes up, most people’s attention goes towards insurance. But you should know that apart from insurance schemes, LIC also gives investors the opportunity to invest in mutual fund schemes. LIC has been in the mutual fund business for years and it is offering many types of schemes. There are many such schemes of LIC, which have a very strong track record of giving returns and they have proved to be a return machine for investors. One of these is LIC Mutual Fund ELSS Tax Saver Fund (LIC MF ELSS Tax Saver). This fund of ELSS category has made investors rich since its launch.
High Return: These 5 mutual funds outperformed all in 10 years, all of them made Rs 20000 SIP into Rs 1 crore in 10 years
Strong track record in every phase
LIC Mutual Fund ELSS Tax Saver Fund has delivered solid returns in every phase since its launch. The fund has delivered 25% annualised in 3 years, 22.40% annualised in 5 years, 50% annualised in 10 years, 50% annualised in 15 years, 50% annualised in 20 years and 50% annualised in 27 years.
Annualized return of SIP in 3 years: 25.16%
Annualized return of SIP in 5 years: 22.40%
Annualized return of SIP in 10 years: 15.75%
Annualized return of SIP in 15 years: 14.55%
Annualized return of SIP in 20 years: 12.88%
Annualized return of SIP in 27 years: 12.51%
SIP Top-Up: Keep topping up your SIP with the money from your salary increment, then you will see the magic in 10, 15 or 20 years
How much return has been given since launch
The SIP return data of LIC Mutual Fund ELSS Tax Saver Fund is available for the last 27 years. In 27 years, this fund has given 12.51% annualized return to those who did SIP. In this sense, if someone did a SIP of Rs 3500 from the beginning, which is possible by saving approximately Rs 115 per day, then the total value of his investment now becomes Rs 1,06,80,464 i.e. a full Rs 1 crore.
Monthly SIP amount: Rs 3500
Total duration: 27 years
Annualized Return: 12.51%
Total investment in 27 years: Rs 12,34,000
Value of SIP after 27 years: Rs 1,06,80,464 or Rs 1 crore
LIC MF ELSS Tax Saver : About the Scheme
Launch date: March 31, 1997
Minimum lump sum investment: Rs 500
Minimum Monthly SIP: Rs 1000
Total Assets: Rs 1,152 crore (30 June 2024)
Expense Ratio: 2.13% (June 30, 2024)
Benchmark : NIFTY 500 TRI
(Source: Value Research)
NPS New Rules: Your pension can increase by 40% with the new rules of NPS, there will also be a huge increase in retirement fund, do you invest
In which shares does this scheme invest money
ICICI Bank
HDFC Bank
Shakti Pumps
Trent
SBI
Cholamandalam Investment
Infosys
Axis Bank
Kirloskar Oil
L&T (Larsen & Toubro)
Reliance Industries
NPS: 40 lakh funds will come in hand as soon as you retire, along with 50 thousand rupees pension every month, save 100 rupees daily as soon as you get a job
Schemes with better ratings
The rating of this scheme of ELSS category is also good, while the advantage of investing in it is that under section 80C of the Income Tax Act, investors can avail tax benefit on an annual investment of Rs 1.50 lakh. Rating agencies have given better than average rating to LIC Mutual Fund and due to this the company also has a good customer base.
(Note: We have given information here based on the performance of a mutual fund scheme. This is not an investment advice. There are risks in the market, so consult a financial advisor before investing.)
