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LIC has recently launched a Mutual Fund scheme in which investors can get up to ₹86 lakh in the next 20 years by depositing just ₹1000 per month. This scheme is specially designed for those middle class investors who want to create a big fund in the long term through small savings.
How to get ₹86 lakh in ₹1000 per month?
This scheme runs under SIP (Systematic Investment Plan), in which you invest ₹1000 every month. If you make this investment (LIC Scheme) continuously for 20 years and get an average annual return of 25% (which is considered possible through mutual funds in the long term), then this amount can increase to ₹86 lakh.
Key features of the scheme:
- Monthly investment amount: ₹1000
- Total tenure: 20 years
- Potential returns: ₹86 lakh (25% annual return expected)
- Risk: Medium (Equity based mutual fund)
How to invest?
- Register on LIC website: Visit LIC Mutual Fund Website and open your account.
- Choose SIP plan: Decide the investment amount (e.g. ₹1000 per month) and select the plan.
- Set up auto-debit: Make investing easy with automatic debit from your bank account.
- Be patient for the long term: Good returns are obtained only if the investment is maintained for 15-20 years.
Why is this scheme better than other options?
In the table below, we are comparing LIC’s mutual fund scheme with other traditional investment options:
| Investment Options | Duration | Annual interest rate | Returns after 20 years |
| Savings Account | 20 years | 6% | ₹1,60,000 |
| Fixed Deposit | 20 years | 7.1% | ₹1,97,000 |
| LIC Mutual Fund | 20 years | 25%* | ₹86,00,000 |
What is the opinion of experts?
According to financial advisors, a huge fund can be created by investing small savings in the right place for a long time. This LIC scheme not only comes under a trusted brand, but also gives the possibility of high returns through the equity market. Experts believe that a return of 25% is possible in the long term in equity schemes of mutual funds.
Why is this scheme special?
- Ideal for small investors
- Better returns in the long term
- A trusted institution like LIC
- Investing is easy with SIP facility
If you want to secure your future financially and become a crorepati, then this new mutual fund scheme from LIC can prove to be ideal for you. It is now possible to achieve a big financial goal by starting investing as little as ₹1000 per month.
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