LIC Mutual Fund, one of India’s leading players in asset management sphere, offers a diverse range of funds across equity, debt, exchange-traded funds, hybrid, and liquid categories.
LIC Mutual Fund offers a range of 40 fund across different risk-return profiles, according to Value Research. Investors can select a fund that suits their investment goals and risk appetite.
Investing in LIC Mutual Fund is simple and convenient. You have both online and offline options available to invest in LIC Mutual Fund. One can log into LIC’s official website to make online purchase of a scheme besides buying from registered brokers and distributors.
How to buy an LIC Mutual Fund?
To start, one should create an account on the LIC website or with a distributor. Do some research and find a plan based on your investment needs. Provide the details sought in the application form and make payment, either online or offline. Once the application is submitted, the fund house sends a confirmation that includes the details of investment. In this story we will discuss top 5 LIC mutual funds based on their returns over the last 5 years. Data is sourced from Value Research.
Also read: Top 5 mutual funds with more than 70% annual returns in 1 year
Top 10 LIC Mutual Funds to invest in 2024:
LIC MF Small Cap Fund – Regular Plan
NAV: Rs 33.77
Expense Ratio: 2.50%
Launch: June 21, 2017
Minimum investment: Rs 5,000
5-year return: 30.13%
In the shorter terms, the fund has delivered 26.74% return in 3 years and 55.60% in the last 1 year.
LIC MF Infrastructure Fund
NAV: Rs 51.48
Expense Ratio: 2.40%
Launch: March 24, 2008
Minimum investment: Rs 5,000
5-year return: 29.08%
Since inception, the fund has grown by 10.43% CAGR. In the shorter terms, the fund has delivered 33.61% return in 3 years and 73.23% in the last 1 year.
LIC MF Dividend Yield Fund – Regular Plan
NAV: Rs 32.67
Expense Ratio: 2.49%
Launch: December 21, 2018
Minimum investment: Rs 5,000
5-year return: 25.48%
Since inception, the fund has grown by 23.80% CAGR. In the shorter terms, the fund has delivered 24.26% return in 3 years and 62.09% in the last 1 year.
LIC MF Midcap Fund – Regular Plan
NAV: Rs 31.16
Expense Ratio: 2.5%
Launch: January 25, 2017
Minimum investment: Rs 5,000
5-year return: 24.83%
Since inception, the fund has grown by 15.97% CAGR. In the shorter terms, the fund has delivered 20.88% return in 3 years and 55.20% in the last 1 year.
LIC MF Healthcare Fund – Regular Plan
NAV: Rs 29.66
Expense Ratio: 2.44%
Launch: February 28, 2019
Minimum investment: Rs 5,000
5-year return: 24.26%
Since inception, the fund has grown by 21.51% CAGR. In the shorter terms, the fund has delivered 14.54% return in 3 years and 57.89% in the last 1 year.
In conclusion, investing in LIC mutual funds presents a good opportunity to grow your money. By carefully evaluating the minimum investment requirements, AUM, and historical performance, investors can make informed decisions. However, the past performance doesn’t guarantee similar returns in the future.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.