New LIC Mutual Funds Scheme could be your path to building wealth in the long run. If you dream of becoming a millionaire through investments, mutual funds, especially from LIC (Life Insurance Corporation of India), offer a reliable option. As the largest insurance company in India, LIC provides a range of mutual fund schemes that can help grow your savings over time.
Strong Growth Potential
With LIC Mutual Funds, you’re investing in one of India’s largest asset managers, handling approximately ₹30,170.82 crore across 26 different schemes. These funds cater to varying risk levels and investment durations, ensuring a plan for every type of investor. Around 90.06% of the fund is invested in the Indian stock market, with 87.62% in large-cap stocks and 2.43% in mid-cap stocks. Over the last three financial years, LIC Mutual Funds delivered an impressive 14.56% CAGR (Compound Annual Growth Rate), making them a secure option for future returns.
| Feature | Details |
|---|---|
| Total Managed Fund | ₹30,170.82 crore |
| Large-Cap Investment | 87.62% |
| Mid-Cap Investment | 2.43% |
| 3-Year CAGR | 14.56% |
| Minimum Monthly Investment | ₹5,000 |
Tax Savings and Long-Term Gains
In addition to the potential for high returns, LIC Mutual Funds Scheme offers tax benefits. By investing in LIC’s ELSS (Equity Linked Saving Scheme), you can save taxes under Section 80C of the Income Tax Act. This way, you not only build wealth but also reduce your tax liability.
One of the biggest advantages of mutual fund investments is compound interest. Over time, your investment grows as both your capital and interest earn returns, leading to exponential growth. For instance, if you invest ₹5,000 monthly through SIP (Systematic Investment Plan) for 30 years, your total investment would be ₹18 lakh. Assuming an annual return of 12%, your final corpus could reach ₹1.75 crore due to the power of compounding.
How to Start Investing in LIC Mutual Funds
To begin investing in LIC Mutual Funds, you’ll need to provide documents like an Aadhaar card, PAN card, or passport as identity proof, along with an address proof such as a utility bill or ration card. Once your documents are submitted, you can choose the investment plan that suits you.
By starting small with a monthly investment of ₹5,000, you can take a big step toward fulfilling your financial dreams. Over time, your consistent investments can grow into a significant sum, ensuring a comfortable and financially secure future.
So, don’t wait—consult a financial advisor today and start your journey with LIC Mutual Funds to secure your future!
Disclaimer: We cannot guarantee that the information provided on this page is 100% accurate.
