LIC’s stock may have drowned investors’ money, but these schemes of LIC have made investors rich. Whoever invested in these schemes, his amount increased by 17 times. Know what are these amazing schemes.
Talking about the investment scheme of LIC, many of these investors have become wealth creators. The country’s largest government insurance company LIC is also in the mutual fund business.
There are many funds of the company that have increased their wealth from 10 times to 17 times in 20 years.
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LIC’s share did not rise since its listing
LIC Mutual Fund Best Scheme: The stock of LIC has been under pressure since its listing. Even after being the most talked about IPO of this year, investors did not show much interest in it. It is currently trading at Rs 675, down 29 per cent as compared to the IPO price of Rs 949. Those who put money in this have lost about 1.70 lakh crores. But looking at other schemes of LIC, many of these investors have become wealth creators. The country’s largest government insurance company is also in the mutual fund business. There are many funds of the company which have increased the wealth from 10 times to 17 times in 20 years. They have got a CAGR return of 15.5 percent. Here we have given information about some such schemes based on the return chart.
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LIC MF Large Cap Fund gave this much return
LIC MF Large Cap Fund has given returns of about 16 per cent per annum in 20 years. During this period, the investment of 1 lakh became Rs 17.60 lakh. At the same time, those who did SIP of 5000 rupees every month, their money increased to 90 lakh rupees. Talking about 10 years, this scheme made 1 lakh to 3.29 lakh. Whereas the monthly SIP of Rs 5000 made 21.30 lakhs.
A lump sum investment of at least Rs 5,000 can be made in this scheme. While there can be a SIP of at least Rs 1,000. The total assets of this fund as on 30 June 2022 was Rs 613 crore. While the expense ratio is 2.73 percent.
22.22 lakh made on SIP of Only Rs 5000
LIC MF Tax Plan has given returns in 20 years at the rate of about 14 per cent per annum. During this period, the investment of 1 lakh became Rs 13.50 lakh. At the same time, those who did SIP of Rs 5000 every month, their money increased to Rs 85 lakh. Talking about 10 years, this scheme made 1 lakh to 3.62 lakh. Whereas the monthly SIP of Rs 5000 made 22.22 lakhs.
A lump sum investment of at least Rs 500 can be made in this scheme. While there can be a SIP of at least 1000 rupees. The total assets of this fund as on 30 June 2022 was Rs 371 crore. While the expense ratio is 2.57 percent.
1 lakh was made 2.66 lakh
LIC MF Flexi Cap Fund has given returns of about 13 per cent per annum in 20 years. Here the investment of 1 lakh became Rs 11 lakh during this period. At the same time, those who did SIP of Rs 5000 every month, their money increased to Rs 69 lakh. Talking about 10 years, this scheme made 1 lakh 2.66 lakh. Whereas the monthly SIP of Rs 5000 made 19 lakhs.
A lump sum investment of at least Rs 5000 can be made in this scheme. While there can be a SIP of at least 1000 rupees. The total assets of this fund as on 30 June 2022 was Rs 369 crore. While the expense ratio is 2.65 percent.
CAGR gave so much return
LIC MF Equity Hybrid Fund has given returns at the rate of about 11 per cent per annum in 20 years. Here the investment of 1 lakh became Rs 8 lakh during this period. At the same time, those who did SIP of Rs 5000 every month, their money increased to Rs 63 lakh. Talking about 10 years, this scheme made 1 lakh 2.44 lakh. Whereas the monthly SIP of Rs 5000 made 18 lakhs.
A lump sum of at least Rs 5000 can be invested in this scheme. While there can be a SIP of at least 1000 rupees. The total assets of this fund as on 30 June 2022 was Rs 406 crore. While the expense ratio is 2.61 percent.
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