No SIP… Invest only Rs 5000 in LIC MF, earning more than Rs 1.75 crore
LIC Mutual Fund: LIC Mutual Fund was started on 20 April 1989. It was listed in the stock market on 20 April 1994. The name of its trustee organization is LIC Mutual Fund Private Limited. At present, LIC has 15 funds.
LIC Mutual Fund: This is a great offer for those who plan to invest in mutual funds. They can earn crores of rupees by investing in the best mutual fund of the country's largest insurance company Life Insurance Corporation of India (LIC). If you invest Rs 5,000 in LIC's mutual fund, you can earn at least Rs 1.75 crore in the long term. Let us know how to become a millionaire by investing in LIC mutual fund.
What is the mutual fund plan of LIC?
LIC Mutual Fund operates with a fund of Rs 30170.82 crore. Currently, LIC Mutual Fund offers around 26 different schemes keeping in mind the needs of risk-taking investors. It has 90.06% exposure to the Indian stock market, of which 87.62% is in large-cap stocks and 2.43% in mid-cap stocks. LIC AMC has recorded a CAGR of 14.56% in the last 3 financial years, making it one of the most preferred large and mid-cap mutual funds among investors. Customers can also avail of tax benefits from LIC MF Tax Plans, both of which are ELSS-based investment options.
When was LIC Mutual Fund started?
LIC Mutual Fund was started on 20 April 1989. It was listed in the stock market on 20 April 1994. The name of its trustee organization is LIC Mutual Fund Private Limited. At present, LIC has 15 funds, among which 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 Fund etc. are prominent.
How to Invest in LIC Mutual Funds?
Before investing in LIC Mutual Fund, consult a mutual fund expert. For this, you will need an Aadhar card, voter ID card, passport, PAN, etc. for personal identification documents. Apart from this, you will have to give a copy of your ration card or electricity bill for address proof. After giving all the necessary documents, investors can choose the preferred investment period. It is also important to select investment plans along with the risk-taking capacity. After this, the investor will be given the option to start SIP. You can invest in LIC Mutual Fund through SIP.
This is how you can earn Rs 1.75 crore from LIC Mutual Fund.
Now if you want to invest in LIC's mutual fund, you will have to invest about Rs 5,000 every month and you will have to invest this for about 30 years. By investing in mutual funds, investors get about a 12% annual return with compounding. By depositing Rs 5,000 per month, about Rs 60,000 will be deposited in a year, which will become about Rs 18,00,000 in 30 years. Now at the rate of 12% per annum, you will get a return of about Rs 1,58,49,569 in 30 years. Now if you add the return of Rs 1,58,49,569 and the principal amount of Rs 18,00,000 deposited by you, then the total amount in your account will be about Rs 1,76,49,569. This amount is much more than Rs 1.75 crore.
Disclaimer: Prabhat Khabar does not advise anyone to invest in the mutual funds of any company. This market is subject to risks. Take appropriate steps only after consulting an expert.