Founded on 20 April 1989 by Life Insurance Corporation (LIC) of India, LIC Mutual Fund is one of the renowned and trusted asset management companies in the country. With a vision to become a trusted partner for wealth creation in the mutual fund space, this investment solution provider offers its customers a high level of corporate governance and financial ethics to become the preferred name amongst investors. LIC Mutual Fund caters to the specific needs of investors across segments using powerful and ingenious investment strategies to provide unparalleled service along with an exceptional investment experience.
LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment is an open-ended scheme that not only offers tax benefits to the investors but also provides personal accidental cover along with life insurance cover to the unitholder. This scheme is best suited for investors who are looking for capital appreciation in the long run along with tax exemption under Section 80C of the Income Tax Act, 1961. With a moderately high risk factor, this scheme invests primarily in the equity market while carrying a lock-in period of 3 years.
Investment Objective of LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment
This is an open-ended scheme that aims to generate profit in the long term while offering tax benefits under the Section 80C of the Income Tax Act, 1961. Investors opting for this scheme can also benefit from the free accident cover and life cover that is available along with this plan.
Key Features of LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment
Check out the table mentioned below to learn about the significant features of this scheme:
Type of fund | An open-ended, tax saving scheme that offers insurance coverage |
Plans available |
|
Options under each plan |
|
Risk | Moderately High |
Systematic Investment Plan | Not available |
Systematic Transfer Plan | Not available |
Systematic Withdrawal Plan | Not available |
Investment Amount for LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment
It is important that you learn about the investment amount for this scheme before you decide to invest your hard-earned money. See the table mentioned below for the details:
Minimum application amount | Rs.10,000 |
Minimum additional investment | Additional investment amount should be in multiples of Rs.1,000. Please note that the target amount is equal to the insurance cover. |
Entry Load | Not applicable |
Exit Load | Nil It should be noted that this scheme has a lock-in period of 3 years. |
Asset Allocation for LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment
Instruments | Allocations (Percentage of total assets) | Risk Profile |
Equity and equity-related instruments | 65% to 80% | Medium to high |
Debt or money market instruments including securitised debts and government securities | 20% to 35% | Low to medium |
NAV Disclosure and Benchmark for LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment
NAV - At the time of switching or redemption of units, the Net Asset Value (NAV) of units is used. The applicable NAV of units under this scheme is determined based on the time of the working day on which the application is time stamped.
Benchmark Index - The benchmark index followed by LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment is CRISIL Hybrid 35 + 65 - Aggressive Index.
LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment Fund Manager
The fund manager of the equity arm of the LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment is Mr. Sachin Relekar. He has been managing this fund since 10 August 2016. On the other hand, the debt segment of this scheme is handled by Mr. Marzban Irani (Debt) who has been using his extensive knowledge and expertise to manage this fund since 10 August 2016.
Why You Should Invest in LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment
There are numerous factors that make this investment plan one of the best in the market. Learn about the key reasons why you should opt for this scheme:
GST rate of 18% applicable for all financial services effective July 1, 2017.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.