Investing your hard-earned money is always a wise decision, but safety and returns are the two most crucial factors to consider. To achieve both safety and returns, many people invest in mutual funds, banks, post offices, and other trusted places. However, even after investing in these safe havens, people are often hesitant to withdraw their money due to safety concerns.
This is where LIC (Life Insurance Corporation of India) comes into play. Although LIC's normal policies take a long time to provide returns, their mutual funds offer quick and safe returns. LIC's mutual funds can double your money in a short time, making them a popular investment option.
For instance, the LIC MF Exchange Trading Fund offers a return of 18.14 percent over five years, which means your investment will double in that period. You can withdraw your money or continue investing. If you invest one lakh rupees for five years, you will receive a return of two lakh thirty thousand rupees. Additionally, you can invest up to five thousand rupees per month. If you continue investing ten thousand rupees for another five years, you can earn approximately ten lakh rupees.
The LIC MF Exchange Traded Fund Nifty50 guarantees a one hundred percent return on investment. This mutual fund invests in the Sensex Nifty, providing investors with a return of 17.39 percent.
Although LIC MF Large and Mid cap Fund has some market risks, it offers a high return of 19.05 percent. You can start investing with a minimum SIP of five thousand rupees in this plan.
However, it is essential to keep checking your investment status, as LIC's credibility can be doubted. Therefore, investing in LIC's mutual funds should be done with caution and after proper research. Nonetheless, LIC's mutual funds are a viable investment option for those who want to invest their money and get quick and safe returns.