These 5 schemes can double your money in 5 years


LIC Systematic Investment Plan These 5 schemes will double your money in 5 years, know full details LIC MF Large Cap Fund has given 16.3% returns in the last 5 years. That is, the deposit amount of Rs 1 lakh became Rs 2.12 lakh in 5 years! If you want to earn from investment then LIC Mutual Fund can be the right option for you. LIC Mutual Fund is a subsidiary of LIC (Life Insurance Corporation) which offers a variety of investment plans. These also include schemes related to the mutual fund market. If you want, you can invest in both equity or debt funds of mutual funds.

LIC Systematic Investment Plan

LIC Systematic Investment Plan

Let us know about 5 LIC Mutual Funds which have given double digit returns in the last 5 years. These equity mutual funds have given compound annual growth rate or CAGR of 16.5 per cent to 18.5 per cent, that too in 5 years.

LIC MF Large Cap Fund

LIC MF Large Cap Fund has given 16.3 per cent returns in the last 5 years. That is, the deposit amount of Rs 1 lakh became Rs 2.12 lakh in 5 years! If you have paid Rs 5000 as monthly investment SIP, then in 5 years Rs 5.08 lakh has been received in return.

LIC MF Tax Plan

If you have invested in LIC MF Tax Plan, then you can get 16.5 percent return in 5 years. This mutual fund of LIC (Life Insurance Corporation) has given a CAGR of 16.5 percent in 5 years. Those who have invested Rs 1 lakh in this scheme, their money has become Rs 2.14 lakh in 5 years. In this plan, by investing Rs 5000 every month through SIP, Rs 5.08 lakh has been received after 5 years.

LIC MF ETF – Nifty 50 (LIC MF ETF Nifty 50)

Clients have got a CAGR of 17.66 percent in LIC MF ETF Nifty 50. This return is available on the accumulated capital of 5 years. The deposited capital of Rs 1 lakh has become 2.26 lakh in 5 years. Those who invest Rs 5000 every month in this mutual fund have got Rs 5.13 lakh!

LIC MF Large & Mid Cap Fund

LIC (Life Insurance Corporation) MF Large & Mid Cap Fund has given a bumper CAGR of 18.41% in 5 years. The deposited capital of Rs 1 lakh in this fund grew to Rs 2.33 lakh in 5 years. Those who have invested Rs 5000 every month for 5 years have got Rs 38 lakh as return.

LIC MF ETF Sensex

Investors in LIC MF ETF Sensex have got 18.5 percent CAGR in 5 years. Those who invested Rs 1 lakh for 5 years, their money has become Rs 2.24 lakh today. Those who deposit Rs 5000 every month as Systematic Investment Plan or SIP get Rs 5.17 lakh in 5 years.

Key Features and Eligibility

LIC (Life Insurance Corporation) SIIP is a regular premium policy with a monthly savings option of Rs 4000 or an annual saving option of Rs 40000. Insurance coverage will be 7 times if the age is above 55 and 10 times for others. The premium paid will be converted into unit wise unit value on the date of payment. You can choose from four different fund options Bond, Secured, Balanced and Growth. It is similar to LIC Nivesh Plus policy. Switching between the four funds is allowed four times in a year. This is to ensure high returns from the investment.

You can withdraw money from this scheme (LIC MF Large Cap Fund) after the 5th, the withdrawal will be in the form of a fixed amount or a certain number of units. Partial withdrawal is not allowed to a minor. This plan offers life risk cover option. Guaranteed addition offered in addition to the unit fund value. The percentage of guaranteed addition will be a percentage of the fixed annual premium. You cannot get loan facility under this plan. The surrender facility is available after a lock-in period of 5 years. In case of Surrender, the Mutual Fund Value as on date is paid. This plan (Life Insurance Corporation) also offers additional riders like accidental riders.

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