LIC Mutual Fund 3 Oldest Schemes: LIC Mutual Fund has 3 old schemes, which have been in the market for 30 years or more. All these three schemes have proved to be a return machine for investors since their launch.
LIC Mutual Fund Oldest Schemes: LIC is known for its insurance schemes, in which investors invest money to secure their future. Most of these schemes have a long maturity period. But there are other options for investing in LIC, which are giving much higher returns on your deposits than the insurance schemes. These options are the equity schemes of LIC Mutual Fund.
LIC Mutual Fund has 3 old schemes, which have been in the market for 30 years or more. All these three schemes have proved to be a return machine for investors since their launch. Those who invested only Rs 2000 every month in them, now they must have Rs 50 lakh to 60 lakh. You must be wondering which are the schemes giving such high returns. So let’s know the details of these three mutual fund schemes.
LIC MF Large Cap Fund
LIC Mutual Fund Large Cap Fund was launched 30 years ago in April 1994. Those who do SIP in 30 years are getting a return of 11.59 percent per annum. A monthly SIP of Rs 2000 in this fund became about Rs 60 lakh in 30 years. In this scheme, a minimum of Rs 5000 can be done as lump sum and SIP of Rs 1000.
Monthly SIP: Rs 2000
Upfront investment: Rs 10,000
Duration: 30 years
Annualized return: 11.59%
Total investment in 30 years: Rs 7,30,000
Value of SIP after 30 years: Rs 59,49,353
Stocks in the portfolio: HDFC Bank, RIL, Larsen & Toubro, Infosys, Maruti Suzuki
LIC MF Flexi Cap Fund
LIC Mutual Fund Flexi Cap Fund was launched 31 years ago on 15 April 1993. In 31 years, those doing SIP are getting a return of 11 percent per annum. A monthly SIP of Rs 2000 in this fund became around Rs 59 lakh in 31 years. In this scheme, a minimum of Rs 5000 can be done as lump sum and SIP of Rs 1000.
Monthly SIP: Rs 2000
Upfront investment: Rs 10,000
Duration: 31 years
Annualized return: 11%
Total investment in 30 years: Rs 7,54,000
Value of SIP after 30 years: Rs 58,88,217
Stocks in the portfolio: HDFC Bank, HUL, Piramal Pharma, Sudarshan Chemical, Tech Mahindra
LIC MF Aggressive Hybrid Fund
LIC Mutual Fund Hybrid Fund was launched 32 years ago on 31 March 1992. In 32 years, those doing SIP are getting a return of 9.8 percent per annum. A monthly SIP of Rs 2000 in this fund became about Rs 50 lakh in 32 years. In this scheme, a minimum of Rs 5000 can be done as lump sum and SIP of Rs 1000.
Monthly SIP: Rs 2000
Upfront investment: Rs 10,000
Duration: 32 years
Annualized return: 9.8%
Total investment in 30 years: Rs 7,78,000
Value of SIP after 30 years: Rs 49,81,806
Stocks in the portfolio: HDFC Bank, ICICI Bank, Reliance Ind, Infosys, Trent
(Source: Value Research)
(Note: Here we have only given information about the returns of smallcap funds. This is not an investment advice. There are risks in the market, so take investment decisions only after consulting an advisor.)
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