In the last few years, number of people investing in mutual funds through Systematic Investment Plan (SIP) has increased significantly. People now more eager to know about investment plans for extra income parallel to job. There are five such midcap category mutual fund schemes, which have given more than 30% returns to their investors during five years on SIP. Motilal Oswal Midcap Fund has given the most in this.
Motilal Oswal Midcap Fund
Motilal Oswal Mutual Midcap Fund has generated a return of 39.83 per cent over a five-year period on investment through SIP. At the same time, there are 9 such midcap mutual funds, which have given returns of more than 30 percent. If an investor would have started investing Rs 10,000 every month in Motilal Oswal Midcap Mutual Fund Scheme five years ago, his investment would have turned into Rs 15.74 lakh.
Nippon India Growth Fund
After this, Nippon India Growth Fund has given a return of 33.35 to investors in a period of five years, while in Edelweiss Mid Cap Fund, if an investor has started an SIP of Rs 10 thousand five years ago, the value of his investment has become Rs 1,352,909 by October 2024 i.e. it has given a return of 33.27 per cent.
Quant Mid Cap Fund
Quant Mid Cap Fund has generated a return of 33.17 per cent during a period of five years. It has converted a SIP of Rs 10 thousand to Rs 1,349,652, while HDFC Mid Cap Opportunities Fund has given a profit of 32.94 during the same period.
Many more companies have generated huge ammount of return
Moreover, Mahindra Manulife and Sundaram Midcap Fund have generated an internal rate of return of 31.82% and 30.28% respectively in 5 years, while Invesco India has given a return of 30.26% on SIP investment in this time period.