Different LIC systemic investment Plans, charges and analysis showing advantages and disadvantage

If you are planning to make purchase and want to invest your savings in a save plan rather than saving it in your account then read this article about investment in LIC Systematic plan and know the pros and cons of the program. Know about the various plans, charges and method to analyze your plan.

If in your life, you have always given what family has demanded to you, it's perfect. But there are some promises that remain unfulfilled like if your family thinks of owning a car or a dream house. Set aside a regular amount of money for achieves your goals. LIC Systematic Investment Plan will allow experiencing the joys that you deserve. There's a long road ahead for all of us, but we each can fulfill our responsibility by investing in a scheme that provides us euphoric returns.

LIC plan will surely turn your dream into reality. The name LIC has a mass appeal in the nation. This name is common in each and every household. The SIP LIC proffers various types of funds like:

LIC Nomura Short Term Debt- This fund is for all retail investors who don't want to fall in the trap of equity investments. The primary objective of this scheme is to invest in ultra short term debt.

There are other plans under different titles like balanced, liquid, redeemed and floating, each with difference perspectives like some lay emphasis on long term appreciation and other schemes can provide you the benefit of liquidity. Whichever scheme you choose, it depends upon your financial goal.

What makes LIC Systematic Investment Plan best for you?

As you know, LIC is one of the top notch insurance companies of India and it is a household name. Hence, LIC Systematic Investment plan seems to be secure and safe, as compared to its counterparts. The best part of LIC Systematic Investment plans is NAV options that are available to you. NAV options include daily NAV options, monthly NAV options, weekly options, and historical options available to you.

LIC SIP options are not only ideal for the Indian citizens; they are perfect for the non resident Indians too. Hence, you can easily say that LIC mutual funds are ideal for people who come from all walks of life.
The minimum amount that you can invest in such plans is Rs 500, isn't it amazing!

Although, the maximum amount depends on your financial goals, yet what attracts me most to LIC Systematic Investment plan is a safe place to store hard earned money. LIC offers you investment guide that mutual fund calculator that will help you to estimate your returns. All you need to do is fill the scheme name, date when you are planning to invest and amount that you need invest. After adding these details, click calculate tab. The calculator will show you the yields that you will get from particular plan.

Charges or fees for LIC Investment Plan

If you are convinced to buy LIC sip, the next question that may arise in your mind is fees that you need to pay in such an investment scheme. The fee is Rs 500, you can extend your approach in more than 2 or 3 schemes. You can also invest in Children's Investment Plan by LIC.

You can also research plans on online bases. Other plans of LIC like ECS or electronic clearing advisor or auto debit plan is available on internet, but this plan is available for few cities. Existing customers can also apply to this plan, by filling the application form. Also, the additional information can be downloaded by the investor to read more about the company portfolio. LIC application form remains similar for all its schemes.

If you want to attain more information about LIC investment schemes, you can feel free to explore their website. Their website provides one stop shop information for all your needs.
You can contact the LIC agents or you can obtain your SIP plan through brokers.

The last step- analysis of your LIC Systematic Investment Plan

Once you have decided which cover to buy, the next step is through research of the plan. Find the plan which is performing best and invest in that.


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