One of the greatest advantages of LIC's Protection Plus (Plan 886) is the complete control it gives you over where your money goes. Whether you want to guard your capital against market ups and downs or aggressively build wealth using top market indices, the plan offers 6 distinct funds designed to match your specific comfort level with risk.

1. Bond Fund
Risk Profile: Low
Investment Objective: Designed for highly conservative investors whose primary focus is safeguarding their principal capital while generating steady, reliable returns through fixed-income assets.
Asset Allocation:
Government & Corporate Debt Instruments: 60% to 100%
Equities (Stocks): 0% (Zero market volatility exposure)
Short-Term/Money Market Instruments: 0% to 40%

2. Secured Fund
Risk Profile: Lower to Medium
Investment Objective: Perfect for investors looking for steady, regular income accumulation with a small, calculated touch of market exposure to outpace regular inflation.
Asset Allocation:
Government & Corporate Debt Instruments: 45% to 85%
Listed Equity Shares (Stocks): 15% to 55%
Short-Term/Money Market Instruments: 0% to 40%

3. Balanced Fund
Risk Profile: Medium
Investment Objective: Provides a balanced mixture of steady income and capital growth. By spreading wealth evenly across equity and debt, it softens the blow of market drops while capturing upside trends.
Asset Allocation:
Government & Corporate Debt Instruments: 30% to 70%
Listed Equity Shares (Stocks): 30% to 70%
Short-Term/Money Market Instruments: 0% to 40%

4. Growth Fund
Risk Profile: High
Investment Objective: Geared strictly toward long-term capital growth. This fund favors equity exposure to build wealth rapidly over a multi-year horizon.
Asset Allocation:
Listed Equity Shares (Stocks): 40% to 80%
Government & Corporate Debt Instruments: 20% to 60%
Short-Term/Money Market Instruments: 0% to 40%

5. Flexi Growth Fund
Risk Profile: Very High
Investment Objective: Focuses on long-term capital appreciation by investing primarily in high-performing, select blue-chip stocks that form part of the NSE NIFTY 100 Index.
Asset Allocation:
NSE NIFTY 100 Listed Stocks: 40% to 100%
Government & Corporate Debt Instruments: 0% to 20%
Short-Term/Money Market Instruments: 0% to 40%

6. Flexi Smart Growth Fund
Risk Profile: Very High
Investment Objective: The most aggressive fund option available under Plan 886. It targets long-term capital compounding by directly focusing on the core pillar of India's economy—the top stocks of the NSE NIFTY 50 Index.
Asset Allocation:
NSE NIFTY 50 Listed Stocks: 40% to 100%
Government & Corporate Debt Instruments: 0% to 20%
Short-Term/Money Market Instruments: 0% to 40%