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
- Tax Savings: Opt for LIC MF Tax Plans to avail of tax benefits.
- Diversification: Choose from 26 investment schemes tailored to various risk appetites.
- High Returns: The potential for 12% annual returns makes it an attractive choice.
How to Get Started?
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Documents Required:
- Identity Proof: Aadhaar, Voter ID, Passport, or PAN Card
- Address Proof: Ration Card or Electricity Bill
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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!