Invest ₹5,000 Monthly in LIC Mutual Fund to Earn ₹1.75 Crore – Here's How!
Siddhi Jain November 18, 2024 05:15 PM

If you're exploring investment opportunities that promise substantial long-term returns, LIC Mutual Funds could be the ideal choice. By investing just ₹5,000 monthly in an LIC mutual fund, you could build a corpus of over ₹1.75 crore. Here's everything you need to know about this lucrative investment option.

LIC Mutual Fund: A Trusted Financial Avenue

Launched on April 20, 1989, and listed on the stock exchange in 1994, LIC Mutual Funds have been a reliable choice for investors. LIC currently operates 15 mutual fund schemes, catering to various investment needs, including:

  • Infrastructure Fund
  • Nifty Next 50 Index Fund
  • Gold ETF Fund
  • Large and Midcap Fund
  • Focused 30 Equity Fund, and more.

Performance Highlights

  • LIC Mutual Funds manage assets worth ₹30,170.82 crore.
  • The funds hold 90.06% of investments in the Indian stock market, with 87.62% in large-cap shares and 2.43% in mid-cap shares.
  • Over the last three financial years, LIC AMC has recorded an impressive 14.56% CAGR, making it a popular choice for investors seeking high growth in large and mid-cap categories.

How to Earn ₹1.75 Crore with LIC SIP?

A systematic investment plan (SIP) with LIC Mutual Funds ensures steady wealth accumulation over time. Here's a sample calculation:

  • Investment: ₹5,000 per month
  • Duration: 30 years
  • Expected Annual Returns: 12%
  • Total Invested Amount: ₹18,00,000 (₹60,000/year)
  • Returns: ₹1,58,49,569
  • Total Corpus: ₹1,76,49,569

With the power of compounding and consistent investments, this fund could secure your financial future.

Key Benefits of LIC Mutual Funds

  1. Tax Savings: Opt for LIC MF Tax Plans to avail of tax benefits.
  2. Diversification: Choose from 26 investment schemes tailored to various risk appetites.
  3. High Returns: The potential for 12% annual returns makes it an attractive choice.

How to Get Started?

  1. Documents Required:

    • Identity Proof: Aadhaar, Voter ID, Passport, or PAN Card
    • Address Proof: Ration Card or Electricity Bill
  2. Steps to Invest:

    • Choose your preferred fund.
    • Submit the necessary documents.
    • Decide your SIP amount and tenure.
    • Start your investment and let compounding work its magic.

Important Note

Before investing, consult a mutual fund expert to assess your risk tolerance and financial goals. This step ensures that your investment aligns with your long-term objectives.

With LIC Mutual Funds, you can transform small, consistent investments into substantial wealth over time. Take the first step today!

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