🚩LIC vs. Mutual Fund LIC: - Annual Investment: ₹96,000 - Duration: 20 years - Total Investment: ₹19.20 lakhs - Maturity (25th year): ₹43 lakhs (approx.) - Annual Return: 7.2% (relatively low) Mutual Fund: - Monthly SIP: ₹8,000 (equivalent to ₹96,000/year) - Duration: 20 years - Total Investment: ₹19.20 lakhs - Maturity: ₹1 crore (approx.) - Annual Return: 14% Conclusion: Mutual Funds can deliver over double the returns of LIC, with a maturity of around ₹1 crore versus LIC's ₹43 lakhs.But life cover,sovereignty ( guarantee return) included in LIC BOTH should be taken when mixing your portfolio to hedge against inflation, tax deduction and wealth generation over long period and security.