LIC MF: This scheme has done wonders, doubling money in 3 years

LIC, India's largest insurance company, also offers mutual fund services. It has several mutual fund schemes, one of which has given investors spectacular returns. This is the LIC Infrastructure Fund – Direct Plan. It has emerged as the best-performing LIC mutual fund in 3, 5, and 10 years. This fund has given up to 28% CAGR returns. This infrastructure-focused scheme has generated good wealth on both lump-sum (i.e., investing a large sum at once) and SIP investments.

This is an infrastructure-focused scheme

Based on 3-year, 5-year, and 10-year performance, this infrastructure-focused scheme has been the best-performing LIC MF scheme across all timeframes. This fund has given excellent returns to investors who invested a lump sum and remained invested despite market fluctuations

How has the performance been since inception?

This fund was launched on January 2, 2013. Since then, it has given an annual return of 15.19%. It is benchmarked against the NIFTY Infrastructure TRI and follows an open-ended structure. This fund focuses primarily on infrastructure-related sectors, including the industrial sector (54%) and materials, energy and utilities, financial, and consumer sectors.

Highest exposure in which companies?

In terms of stocks, the fund is diversified, with holdings spread across names like Shakti Pumps, Tata Motors, Larsen & Toubro, REC, Apollo Hospitals, Cummins India, and Bharat Bijlee. This ensures that no single stock dominates the portfolio.

Disclaimer: This information is about a mutual fund scheme, not investment advice. Jagran Business is not providing investment advice. Mutual fund investments are subject to market risks, so please consult a certified investment advisor before investing.