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Yogi Zone

Useful articles for your finance management by our team of experts

Invest in LIC Mutual Funds

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lic mutual funds

It has been a long standing argument – Mutual fund vs Incomesurance. We all are well aware that incomesurance i.e. insurance products mixed with investment quotient have not generated great returns till date. However, we somehow keep investing in these and back off from picking better yielding ones such as mutual funds.

Top mutual funds have been able to generate at least 15% CAGR in the past decade. This achievement is great despite the many ups and downs of global economy as a whole in this period. The primary reason for not investing in products such as mutual funds has been trust. This could be wiped out with a trusted brand like LIC making its way into the mutual fund industry. Here are top 5 mutual funds of LIC along with their performance.

(Also see: Investing in Liquid Mutual Funds)

1) LIC Nomura Index Fund (Sensex Plan)

The objective of the scheme is to generate returns commensurate with the performance of BSE Sensex by investing in the index stocks, subject to tracking errors. It is a high risk product.

Returns (Annualized)

1-Year3-Year5-Year
31.22%11.91%11.13%

 

2) LIC Nomura Balanced Fund

It is an open ended Income and Growth scheme which seeks to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt.

Returns (Annualized)

1-Year3-Year5-Year
21.66%10.29%8.33%

 

3) LIC Nomura Equity Fund

The objective is to obtain maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities.

Returns (Annualized)

1-Year3-Year5-Year
35.42%11.45%9.48%

 

(Also  see: Mutual fund dividend tax)

 

4) LIC Nomura Growth Fund

The scheme aims to provide capital growth by investing in a mix of equity instruments.

Returns (Annualized)

1-Year3-Year5-Year
27.33%9.51%8.79%

 

5) LIC Nomura Sensex Advantage Plan

The scheme aims to generate returns by investing ninety per cent of its assets in the Sensex stocks and ten to twenty per cent in a basket of non-index stocks, subject to tracking errors.

Conclusion

There are many private funds competing with LIC in categories such as large cap, mid/small cap, index and so on. Compare funds from various AMCs before finalizing on a fund. Also keep your objectives and goals in mind before picking up a fund.

Did you like this article? Please leave your valueable comments.

  • Varun

    Suresh from where can we buy these funds…?

    • Av Suresh

      We buy it directly from LIC or from aggregator portals which sell mutual funds like FundsIndia.

    • Av Suresh

      We buy it directly from LIC or from aggregator portals which sell mutual funds like FundsIndia.

  • Varun

    Suresh from where can we buy these funds…?

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