LIC Mutual Fund Best Scheme: Government insurance company LIC also has a mutual fund business.  This business of the company is operated by its subsidiary LIC Mutual Fund (LIC MF).  Many schemes of LIC MF are quite popular among investors.  Some of the schemes have given great returns to the investors.  In these, investors' money has more than doubled in 5 years.  If you look at the 5-year return chart, the top 5 schemes of LIC MF have been in the range of 17 percent to 19 percent.  Which is three times as compared to bank fixed deposits.  We have given here the details of returns of the best 5 schemes of LIC MF.

LIC MF Large & Mid Cap Fund  

LIC MF Large & Mid Cap Fund has given an annual return of 19.05 per cent in 5 years. In this scheme, at least a lump sum of Rs 5000 can be invested, while a minimum SIP of Rs 1000 can be done. The assets of this fund were Rs 1,501 crore as on 30 November 2021 and the expense ratio was 0.85 per cent as on 31 October 2021. In 5 years, Rs 1 lakh has become Rs 2.39 lakh in this scheme. Whereas, the value of a monthly SIP of Rs 10,000 has increased to Rs 10.03 lakh.

 LIC MF Exchange Traded Fund- Sensex

 LIC MF Exchange Traded Fund has given an annual return of 18.14 per cent in 5 years. One can invest at least Rs 5000 in this scheme as a lump sum. The assets of this fund as on 30 November 2021 was Rs 523 crore and as on 31 October 2021 the expense ratio was 0.10 per cent. In 5 years, Rs 1 lakh has become Rs 2.30 lakh in this scheme. Whereas, the value of a monthly SIP of Rs 10,000 has increased to Rs 9.51 lakh.

 LIC MF Exchange Traded Fund - Nifty 50

 LIC MF Exchange Traded Fund has given annual return of 17.39 per cent in 5 years. One can invest at least Rs 5000 in this scheme as a lump sum. The assets of this fund as on 30 November 2021 was Rs 625 crore and as on 31 October 2021 the expense ratio was 0.10 per cent. In 5 years, Rs 1 lakh has become Rs 2.23 lakh in this scheme. Whereas, the value of a monthly SIP of Rs 10,000 has increased to Rs 9.42 lakh.

LIC MF Index-Sensex Plan

LIC MF Index-Sensex plan has given annual return of 17.31 per cent in 5 years. In this scheme, at least a lump sum of Rs 5000 can be invested, while a minimum SIP of Rs 1000 can be done. The assets of this fund as on 30 November 2021 was Rs 42 crore and as on 31 October 2021 the expense ratio was 0.37 per cent. In 5 years, Rs 1 lakh has become Rs 2.22 lakh in this scheme. Whereas, the value of a monthly SIP of Rs 10,000 has increased to Rs 9.38 lakh.

 LIC MF Large Cap Fund

 LIC MF Large Cap Fund has given an annual return of 16.94 per cent in 5 years. In this scheme, at least a lump sum of Rs 5000 can be invested, while a minimum SIP of Rs 1000 can be done. The assets of this fund as on 30 November 2021 was Rs 628 crore and as on 31 October 2021 the expense ratio was 1.31 per cent. In 5 years, Rs 1 lakh has become Rs 2.19 lakh in this scheme. Whereas, the value of a monthly SIP of Rs 10,000 has increased to Rs 9.41 lakh.

 (Note: The performance information of these funds has been taken from Value Research.)

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