In Just 5 Years: If you want to make a big profit with a small investment, you have a good chance. Because, in a mutual fund scheme, money will double quickly. For this we are telling you about one such special scheme of LIC. It returns 10% in 1 year, 31% in 2 years, and 10% in 5 years.
Let us know about LIC MF LARGE & MID CAP FUND – GROWTH
According to experts, the fund has returned 10% in one year.
If someone invested 10 thousand rupees, they would get about 10,990 rupees. Also, the amount has doubled to Rs 20,083 in 5 years.
If one invests Rs.1000 per month through SIP, the amount increases to Rs.14,568.66 in 1 year. When the investment goes up to Rs 12,000.
LIC MF MARGE & MID FUND bought shares with good fundamentals
LIC’s portfolio includes shares of ICICI Bank, Infosys, HDFC Bank, Voltas, Reliance Industries. They have given a very good return to the market.
How to invest in SIP
A systematic investment plan allows you to deposit a fixed amount into the mutual funds scheme of your choice every month. You can also invest every week through SIP if you wish. Discipline is very important in investing. SIP maintains discipline in investing.
In addition it can declare investments on a regular basis. If the market is booming or recession your money goes to mutual funds. If you have decided to put a fixed amount in your mutual fund scheme every month, you do not need to set aside time for it.
Learn in three steps what is the investment process? You must have the total documents to start the SIP with the required documents ready. These include PAN card, address proof, passport size photograph and check book. Check book because it contains your account number.