Rs 5,000 monthly SIP in this LIC MF scheme for 60 months would have turned into Rs 5,41,494
We have all heard of this quote since our childhood, which emphasises that small and consistent efforts every day lead to big results. This could be applied and related to every aspect of our lives, including investment.
While the craze and temptation for investment instruments that promise maximum returns in a relatively short period are unlikely to fade, there are financial instruments that may not help in making a quick buck but play a vital role in building one's wealth over a long time.
That said, one investment fund that investors looking for long-term capital growth may consider is the LIC MF Infrastructure Fund. It is an open-ended equity scheme investing in the infrastructure sector.
Data shows that a monthly SIP of Rs 5,000 would have become Rs 70,753 in one year, Rs 2,62,288 in three years, and Rs 5,41,494 in a five-year time frame. Meanwhile, a one-time payment of Rs 20,000 would have become Rs 34,090 in one year, Rs 49,734 in three years and Rs 59,154 in five years.