Hyderabad 20 Dec 2018: LIC Mutual funds has exhibited superior performance during the past one year. Revealing this, the authorites of LIC Mutual fund opined that when it comes to mutual fund investing Indian investors often tend to look at past performance.
One of the best ways to access how a mutual fund house is placed in the investing business is to look at its fund performance on an annual basis vis-à-vis another fund. Hence, when it comes to deciding on which fund houses to invest it, annual performance is an excellent yardstick, to begin with.
In the last three years schemes of LIC MF have been not just outperforming the benchmarks but also have been outperforming its peers. Schemes such as LIC MF Large & Mid Cap, LIC MF Tax Saving & LIC MF ULIS have been doing extremely good.
As per the data available from Value Research, an independent mutual fund research house, dated October 31, 2018, looked at how the equity schemes of various fund houses are placed on a one-year basis. For this analysis, all the equity schemes of a particular fund house were considered. Based on this, the percentage of equity assets in the top quartile for each fund houses were determined. Such an approach would help recognise the consistent good work of fund manager has been able to generate higher returns for the investors.
Large & Mid cap fund is best suited for Lumpsum as well as SIP investment, similarly, an investor looking at tax saving should invest in LIC MF Tax Plan. Investors looking at saving tax with insurance cover can look at investing in LIC MF ULIS as it has multiple benefits such as Tax saving under 80C, Exposure to a good balanced fund, life cover, accidental insurance.