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LIC Mutual Fund launches Daily SIP Scheme for Investors

A daily SIP scheme has been launched by LIC Mutual Fund. The investors will be able to invest daily with the help of this option for 22 working days in a month. LIC Mutual Fund is providing an opportunity to the investors with the help of the plan to invest in SIPs or systematic investment plans. The investors can easily invest in SIPs with just Rs 300 per day. The plan will be available in five schemes of equity and two hybrid schemes.

The fives mutual funds investment schemes of equity include LIC Mutual Fund Midcap Fund, LIC Mutual Fund Growth Fund, LIC Mutual Fund Equity Fund, LIC Mutual Fund Index Fund, and LIC Mutual Fund Infrastructure Fund. The money can also be invested by investors in daily SIPs including two hybrid schemes such as LIC Mutual Fund Monthly Income Plan and LIC Mutual Fund Balanced Fund. By launching daily SIP, the LIC Mutual Fund houseis promoting the habit of making an investment daily. The main focus is to create wealth by investing daily a minimum amount of Rs. 300 in 22 working days in a month. This will help to make a minimum monthly investment amount of Rs. 6,600.

Check out some of the common mutual funds of LIC that are worth investing:

  • LIC Mutual Fund Savings Fund (G):

LIC MF Savings Fund (G) is an open-ended mutual fund and a growth scheme. This scheme has been ranked as 3 in the category of Ultra Short Term Debt by Crisil. The net asset value is 27.087 as on July 25, 2018. The asset size is Rs. 828.21 crore as on March 31, 2018. The minimum investment amount is Rs. 5,000. The launch date of this scheme is February 06, 2003. The top holdings of this scheme are ShapoorjiPallonji and Company Private Limited, Capital First Limited, IndusInd Bank Limited, Adani Enterprises Limited, Reliance Industries Limited, Edelweiss Commodities Services Limited, Reliance JioInfocomm Limited, and Axis Bank Limited. The asset allocation in debt is 44.23% and money market is 49.26%. You can easily track the performance of the fund manager of this scheme via online medium.

  • LIC Mutual Fund Large & Mid Cap Fund (G):

The fund type of LIC MF Large & Mid Cap Fund (G) is open-ended. It is a growth scheme. The net asset value of this scheme as on July 25, 2018, is 14.705. The minimum investment amount is Rs. 5,000. The asset size is Rs. 232.29 crore as on March 31, 2018. Before investing in this scheme, you must check the performance of the fund manager with the help of the online medium. The exit load is 1%.  The launch date is June 02, 2015. The top holdings of this scheme are Supreme Ind, HDFC, MothersonSumi, Britannia, M&M, City Union Bank, HDFC Bank, Tata Chemicals, Bajaj Finance, and TCS. The maximum asset allocation is in equity i.e. 86.51%. There is no entry load and the exit load is 1%.

  • LIC Mutual Fund Equity Hybrid Fund (G):

LIC MF Equity Hybrid Fund (G) is an open-ended mutual fund. The net asset value of this scheme is 94.047 as on July 25, 2018. The minimum investment amount is Rs. 5,000. There is no entry load and the exit load is 1%. ICICI Bank, Tata Power, Tech Mahindra, State Bank of India, IndusInd Bank, Cadila Health, M&M, HDFC Bank, and NTPC are some of the top holdings of LIC MF Equity Hybrid Fund (G). The launch date of this LIC Mutual Fund is January 01, 2018. Make sure that you keep checking the performance of your portfolio if you have invested in this scheme. As on June 30, 2018, the asset allocation in equity is 65.51%, debt is 17.33%, and money market is 14.42%. The asset size is Rs. 277.47 crore as on March 31, 2018. It is a growth scheme.

  • LIC Mutual Fund Debt Hybrid Fund (G):

LIC MF Debt Hybrid Fund (G) is an open-ended mutual fund. The net asset value of this fund is 51.972 as on July 25, 2018. It is a growth scheme. There is no entry load and the exit load is 1% if units redeemed before or on the expiry of a year from the allotment date. The asset size is Rs. 99.87 crore as on March 31, 2018. The minimum investment amount is Rs. 5,000. Government of India, State Bank of India, Persistent Systems Ltd., Tech Mahindra Ltd., Rural Electrification Corporation Ltd., Power Finance Corporation Ltd., Housing Development Finance Corporation Ltd., State Bank of India, and Persistent Systems Ltd. are some of the top holdings of LIC MF Debt Hybrid Fund (G). As on June 30, 2018, the asset allocation in equity is 15.05%, debt is 62.96%, and money market is 13.65%.

  • LIC Mutual Fund Exchange Traded Fund (G):

LIC MF Exchange Traded Fund (G) is an open-ended mutual fund. It is a growth scheme. The net asset value of LIC MF Exchange Traded Fund (G) as on July 25, 2018, is 116.762. The minimum investment amount is Rs. 5,000. The asset size is Rs. 295.95 crore as on March 31, 2018. HDFC Bank, Reliance, ICICI Bank, Infosys, Kotak Mahindra, TCS, ITC, Maruti Suzuki, and Larsen are some of the top holdings of this scheme. The maximum asset allocation is in equity i.e. 99.70%. The launch date of LIC MF Exchange Traded Fund (G) is March 11, 2016.

  • LIC Mutual Fund Multicap Fund (G):

LIC MF Multicap Fund (G) is an open ended mutual fund and a growth scheme. The net asset value of LIC MF Multicap Fund (G) as on July 25, 2018, is 44.259. The minimum investment amount is Rs. 5,000. The launch date of this scheme is March 31, 2018. The asset size is Rs. 271.81 crore as on March 31, 2018. There is no entry load. The exit load is 1% if units redeemed before or on the expiry of a year from the allotment date. The top holdings are ICICI Bank, Infosys, Aurobindo Pharm, HDFC Bank, Hero Motocorp, Tata Power, AIA Engineering, SBI, and TCS. The maximum asset allocation is in equity i.e. 96.03%. If you are planning to invest in this scheme of the mutual fund then you must check the performance of schemes managed by the fund manager.

  • LIC Mutual Fund Large Cap Fund (G):

LIC MF Large Cap Fund (G) is an open ended mutual fund and a growth scheme. The net asset value of LIC MF Large Cap Fund (G) as on July 25, 2018, is 26.280. The minimum investment amount is Rs. 5,000. The asset size is Rs. 171.18 crore as on March 31, 2018. No entry load is applicable. The exit load is 1% if units redeemed before or on the expiry of a year from the allotment date. The performance of the fund manager can be easily checked via online medium with just a few taps. HDFC Bank, Kotak Mahindra, Maruti Suzuki, Britannia, HDFC, TCS, Bajaj Finance, Bajaj Finserv, Avenue Supermar, and Infosys are the top holdings of this scheme. The maximum asset allocation is in equity i.e. 93.41%.

Conclusion:

LIC Mutual Fund’s daily SIP scheme is unique in the regard that it offers a way for investors to invest every single day. An investor will not miss out any important market event and will be able to capitalize on the market’s trending movements because the scheme involves everyday investing into the markets. What’s more is the wide variety of investment options to choose from – 5 Equity oriented schemes and 2 hybrid schemes – which will enable an investor to decide upon investments based on their own risk profile. For example, for a 24 years old IT Employee with an in hand salary of Rs. 50,000/- per month looking into starting investments could just as easily pick a scheme that is heavy on equity. High risk, high reward applies here as well. The equity oriented funds are definitely high risk investment option but will also have a higher return rate over a longer term period. LIC Mutual Fund aims to promote everyday investing using this scheme and any investor would be easily able to take the advantage of this scheme for a mere Rs. 300 per day – or a mere Rs. 6,600 a month!  All in all, this is a very good instrument to look out for.

LIC Mutual Fund Midcap Fund, LIC Mutual Fund Growth Fund, LIC Mutual Fund Equity Fund, LIC Mutual Fund Index Fund, and LIC Mutual Fund Infrastructure Fund are five equity based schemes. LIC Mutual Fund Monthly Income Plan and LIC Mutual Fund Balanced Fund are two hybrid schemes. Life Insurance Corporation of India is an Indian public sector insurance and investment company. Systematic Investment Plan – SIP for short, is a simple yet effective investment tool which is easy to use for a lot of investors, especially those who are investing for the first time. The ease of this tool lies in the fact that you can authorize your bank to pay out a certain sum to a financial institution, periodically. The amount is then invested in a mutual fund scheme of your choice. On successful purchase, the investor is allocated a certain number of units called NAV (Net Asset Value) for the day. Before the LIC Mutual fund’s daily SIP scheme, there were no financial institutions that could enable an investor to invest in an SIP on a daily basis.

LIC Mutual Fund Large & Mid Cap Fund (G), LIC Mutual Fund Large Cap Fund (G). LIC Mutual Fund Multicap Fund (G), LIC Mutual Fund Savings Fund (G), LIC Mutual Fund Equity Hybrid Fund (G), LIC Mutual Fund Debt Hybrid Fund (G), and LIC Mutual Fund Exchange Traded Fund (G) are some of the common LIC mutual funds that are worth investing. If you are planning to invest in any scheme of the mutual fund, you should first check out the important details that may affect your decision. The decision should be made after a lot of research. You must refer to the performance of schemes managed by the fund manager before making any investment in any scheme of the mutual fund. The online ratings and reviews are also very helpful when it comes to making a good decision. You must refer to the reviews and ratings given by the other people. The investment decision should neither be made in hurry nor delayed.

If you are looking for the answers to various questions including:

  • Why LIC Mutual Fund launched daily SIP scheme for investors?
  • What are some of the common LIC mutual funds that are worth investing?
  • What are the important details about LIC Mutual Fund Savings Fund (G)?
  • What are the important details about LIC Mutual Fund Large & Mid Cap Fund (G)?
  • What are the important details about LIC Mutual Fund Equity Hybrid Fund (G)?
  • What are the important details about LIC Mutual Fund Debt Hybrid Fund (G)?
  • What are the important details about LIC Mutual Fund Exchange Traded Fund (G)?
  • What are the important details about LIC Mutual Fund Multicap Fund (G)?
  • What are the important details about LIC Mutual Fund Large Cap Fund (G)?

Then you are at the right place; please refer to the above-mentioned information to get answers to all of your questions.

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