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Investors get Rs 12 lakh return in LIC Mutual Fund: Life Insurance Corporation of India (LIC) is the country's largest insurance company. A mutual fund scheme of LIC has given great returns to its investors in a short time. Its name is LIC MF Dividend Yield Fund.

Strong returns to investors in LIC Mutual Fund

The minimum SIP investment in this mutual fund scheme is just 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 the right information.

Investing in mutual funds not only gives good returns but also adds the power of compounding. This helps investors to build a good fund in the long term. Mutual fund schemes are managed by professionals. This makes these schemes a safe option for investment.

LIC's MF scheme gave great returns

ET Now Digital analysed the mutual fund data available on AMFI. It shows that many schemes in the dividend yield category have given good returns in the last one year. They have also been successful in giving good returns to their investors in the last 3 to 5 years.

LIC MF Dividend Yield Fund (Direct Plan) has emerged as the winner with a CAGR of 60.25 per cent in the last one year. The scheme has outperformed the benchmark return of 37.13 per cent.

Investors got 12 lakh return in LIC Mutual Fund

According to the past returns of the mutual fund scheme, if an investor had invested Rs 10,000 every month through SIP for 5 years, his fund would have grown to Rs 12,89,992. The annual return in this would have been 31.19 percent.

These shares are included in the top holdings of the scheme

Top holdings of LIC MF Dividend Yield Fund include HDFC Bank, Tata Consultancy Services, Reliance Industries (RIL), ICICI Bank and Power Finance Corporation.

Each of the top 5 stocks accounts for more than 2 per cent of the scheme's assets. LIC's Dividend Yield Plan was launched on December 21, 2018. Since its launch, it has given a return of 24.85 per cent.