Top News

LIC Mutual Fund Scheme: Apart from insurance schemes, LIC also gives investors the opportunity to invest in mutual fund schemes. LIC has been in the mutual fund business for many years and is offering many types of schemes.

LIC Mutual Funds: When the name of Life Insurance Corporation (LIC) comes, most people's attention goes towards insurance. But you should know that apart from insurance schemes, LIC also gives investors the opportunity to invest in mutual fund schemes. LIC has been in the mutual fund business for years and it is offering many types of schemes. There are many such schemes of LIC, whose track record of giving returns is very strong and they have proved to be a return machine for investors. One of these is LIC Mutual Fund ELSS Tax Saver Fund (LIC MF ELSS Tax Saver). This fund of ELSS category has made investors rich since its launch.  

Strong track record in every phase

LIC Mutual Fund ELSS Tax Saver Fund has delivered solid returns in every phase since its launch. The fund has delivered 25% annualised in 3 years, 22.40% annualised in 5 years, 50% annualised in 10 years, 50% annualised in 15 years, 50% annualised in 20 years and 50% annualised in 27 years.

Annualized return of SIP in 3 years: 25.16%

Annualized return of SIP in 5 years: 22.40%

Annualized return of SIP in 10 years: 15.75%

Annualized return of SIP in 15 years: 14.55%

Annualized return of SIP in 20 years: 12.88%

Annualized return of SIP in 27 years: 12.51%

How much return has been given since launch

The SIP return data of LIC Mutual Fund ELSS Tax Saver Fund is available for the last 27 years. In 27 years, this fund has given 12.51% annualized return to those who did SIP. In this sense, if someone did a SIP of Rs 3500 from the beginning, which is possible by saving approximately Rs 115 per day, then the total value of his investment now becomes Rs 1,06,80,464 i.e. a full Rs 1 crore. 

Monthly SIP amount: Rs 3,500

Total tenure: 27 years

Annualised return: 12.51%

Total investment in 27 years: Rs 12,34,000

Value of SIP after 27 years: Rs 1,06,80,464 Rs 1 crore

LIC MF ELSS Tax Saver : About the Scheme

Launch Date: March 31, 1997

Minimum Lump Sum Investment: Rs 500

Minimum Monthly SIP: Rs 1,000

Total Assets: Rs 1,152 crore (June 30, 2024)

Expense Ratio: 2.13% (June 30, 2024)

Benchmark: NIFTY 500 TRI

(Source: Value Research)

In which shares does this scheme invest money 

ICICI Bank

HDFC Bank

Shakti Pumps

Trent

SBI

Cholamandalam Investment

Infosys

Axis Bank

Kirloskar Oil

L&T Larsen & Toubro

Reliance Industries

Schemes with better ratings

The rating of this scheme of ELSS category is also good, while the advantage of investing in it is that under section 80C of the Income Tax Act, investors can avail tax benefit on an annual investment of Rs 1.50 lakh. Rating agencies have given better than average rating to LIC Mutual Fund and due to this the company also has a good customer base.