LIC Mutual Fund | Life Insurance Corporation of India is the largest insurance company in the country. LIC's mutual fund scheme has given great returns to its investors in a short period of time. The name of this plan is LIC MF Dividend Yield Fund. The minimum SIP investment in this mutual fund scheme is only Rs 1,000. Its benchmark is Nifty 500 TRI. This scheme is for those who want to invest in the stock market but do not have proper information. Investing in mutual funds not only gives good returns but also adds the power of cyclicality. This helps investors to build a good fund in the long run. Mutual fund schemes are managed by professionals. This makes these schemes a safe investment option.
LIC's MF plan offers great returns
Analysis of mutual fund data available on AMFI shows that many schemes in the dividend income category have given good returns in the last one year. They have also been able to give good returns to their investors in the last 3-5 years. LIC MF Dividend Yield Fund (Direct Plan) has emerged as the winner with a CAGR of 60.25% in the last one year. This scheme has outperformed the benchmark return of 37.13%. According to the past returns of the mutual fund scheme, if an investor had invested Rs 10,000 every month through SIP for five years, his corpus would have been Rs 12,89,992. The annual return would have been 31.19%.
These shares are among the top holdings of the scheme.
The top holdings of LIC MF Dividend Yield Fund include HDFC Bank, Tata Consultancy Services, Reliance Industries Limited, ICICI Bank and Power Finance Corporation. Each of the top 5 stocks accounts for more than 2% of the scheme's assets. LIC's Dividend Income Scheme was launched on December 21, 2018. Since its launch, it has delivered a return of 24.85%.
Disclaimer : Investment in mutual funds and stock market is based on risk. Before investing in the stock market, consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
News in Hindi | LIC Mutual Fund 13 September 2024 Hindi News.
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