5 Best LIC Equity Mutual Fund SIPs To Consider In 2021

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oi-Sneha Kulkarni

| Updated: Tuesday, July 20, 2021, 17:19 [IST]

LIC Mutual Fund is one of the most well-known asset management companies. LIC Mutual Fund is emerging as a preferred Investment Manager within the investor community, thanks to a methodical investment discipline and a high standard of financial ethics and corporate governance.

One can set aside a specific quantity of money to be invested at predetermined periods (quarterly, monthly, weekly, etc.). One of the most significant benefits of SIP is that it instills the habit of saving in the user, allowing them to begin building a dependable fund for the future. To get the most out of your finances, your mantra should be “Start Early, Invest Regularly.”

LIC MF Large & Mid Cap Fund

The LIC MF Large & Mid Cap Fund Direct is a medium-sized fund with Rs 1,207 crores in assets under management (AUM). The fund’s expense ratio is 0.79 percent, which is comparable to the expense ratios charged by most other Large & MidCap funds.

Within diversified mutual funds, the LIC MF Large & Mid Cap fund (Growth) is a good pick. Diversified funds deliver long-term growth that outperforms inflation and are appropriate for long-term investing goals.

The fund has a 5-star rating from Morningstar and 3-star rating from Value Research. On July 16, 2021, the NAV of the LIC MF Large & Mid Cap Fund is 23.85. The 1-year growth returns of the LIC MF Large & Mid Cap Fund are 57.66 percent. It has had an average yearly return of 14.57 percent since its inception.

A monthly SIP of Rs 10,000 would have generated Rs 5.29 lakh in returns by the end of three years, resulting in a profit of Rs 1.69 lakh.

LIC MF Infrastructure Fund Direct

The 1-year direct growth returns on the LIC MF Infrastructure Fund are 63.91 percent. It has returned an average of 11.31 percent per year since its inception. LIC MF Infrastructure Fund Direct-Growth is a medium-sized fund in its category, with assets under management (AUM) of Rs 69 crores. The fund’s expense ratio is 1.22 percent, which is lower than the expense ratios charged by most other Sectoral-Infrastructure funds.

The fund’s top 5 holdings are in Ultratech Cement Ltd., Reliance Industries Ltd., Gujarat State Petronet Ltd., Bharti Airtel Ltd., SKF India Ltd. The fund has the majority of its money invested in the Construction, Energy, Financial, Engineering, Services sectors. It has taken less exposure in Construction, Energy sectors compared to other funds in the category. The fund has a 3-star rating from Morningstar and 3-star rating from Value Research.

A monthly SIP of Rs 10,000 would have generated Rs 5.18 lakh in returns by the end of three years, resulting in a profit of Rs 1.58 lakh. On July 16, 2021, the NAV of the LIC MF Infrastructure Fund is 21.24.

LIC MF Large Cap Fund Direct

The AUM of the LIC MF Large Cap Fund Direct-Growth is Rs 555.45 crores, and the most recent NAV declared is Rs 40.306 as of July 19, 2021. The fund’s expense ratio is 1.05 percent, which is higher than the expense ratios charged by most other Large Cap funds.

The 1-year returns for the LIC MF Large Cap Fund Direct-Growth Fund are 46.22 percent. It has returned an average of 13.68 percent per year since its inception. The majority of the fund’s assets are invested in the financial, technology, FMCG, energy, and healthcare sectors. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries.

Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd., and Bajaj Finance Ltd. are the fund’s top five holdings.

A monthly SIP of Rs 10,000 would have generated Rs 4.99 lakh in returns by the end of three years, resulting in a profit of Rs 1.39 lakh.

LIC MF Flexi Cap Fund Direct Plan

It has a market capitalization of 391.80 crores and a NAV of 66.117 as of 20 July 2021. The 1-year returns for the LIC MF Flexi Cap Fund Direct-Growth Fund are 37.29 percent. It has returned an average of 10.77 percent every year since its inception. The majority of the money in the fund is invested in the financial, technology, FMCG, chemical, and healthcare industries. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries.

Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., and Hindustan Unilever Ltd. are the fund’s top five holdings.

A monthly SIP of Rs 10,000 would have generated Rs 4.77 lakh in returns by the end of three years, resulting in a profit of Rs 1.17 lakh.

LIC MF Banking & Financial Services Fund

The LIC MF Banking & Financial Services Fund Direct-Growth manages assets of Rs 60 crores (AUM). The cost ratio of the fund is 1.49 percent.

LIC MF Banking & Financial Services Fund Direct-Growth returns have been 50.84 percent during the last year. It has returned an average of 5.73 percent per year since its inception.

The financial and insurance sectors account for the majority of the fund’s holdings. Compared to other funds in the category, it has less exposure to the Financial and Insurance sectors.

HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Housing Development Finance Corporation Ltd., and Axis Bank Ltd. are among the fund’s top five holdings.

A monthly SIP of Rs 10,000 would have generated Rs 4.63 lakh in returns by the end of three years, resulting in a profit of Rs 1.03 lakh.

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