LIC (Life Insurance Corporation of India) has launched a new mutual fund scheme that offers a great opportunity for long-term investment.
By investing just ₹1000 every month, you can potentially earn up to ₹86 lakh after 20 years.
This scheme is especially beneficial for people who want to start saving with small amounts and aim for big returns.
Key Features and Objective of the Scheme
Main Purpose
The goal of this LIC scheme is to offer a safe and profitable investment option. It provides financial security and aims to deliver high returns over the long term.
Scheme Highlights
Monthly Investment: ₹1000
Investment Duration: 20 years
Expected Returns: ₹86 lakh
Type of Investment: Mutual Fund
Investment Method: SIP (Systematic Investment Plan)
Offered By: LIC (a government-backed company)
Why Choose This Scheme?
Regular and Small Investment: Start with just ₹1000 per month.
Long-Term Growth: 20 years give your money plenty of time to grow.
High Returns: Potential to earn up to ₹86 lakh.
Safety: LIC’s government backing adds a layer of trust and security.
How to Invest and What You Get
Steps to Invest
Register on LIC Website: Create an account.
Select SIP Option: Choose to invest ₹1000 per month.
Start Your Investment: Begin your journey toward financial growth.
Benefits of the Scheme
Financial Security: Helps build a strong financial future.
Tax Benefits: May offer tax deductions under the Income Tax Act.
Liquidity: Your money remains accessible—you can withdraw when needed.
LIC Mutual Fund vs Other Investment Options
| Investment Option | Duration | Interest Rate | Returns After 20 Years |
|---|---|---|---|
| Savings Account | 20 years | 6% | ₹1,60,000 |
| Fixed Deposit | 20 years | 7.1% | ₹1,97,000 |
| LIC Mutual Fund | 20 years | 25% | ₹86,00,000 |
