Who doesn’t have to think about the future? Surely you have too? There are many people who keep money in the bank or invest somewhere, keeping in mind the near future. In today’s article, we will discuss a mutual fund where you will become a commodity if you keep money. Mutual funds promote long-term investment among investors. Financial advisors recommend long-term investments in the equity mutual funds category.
Mutual Funds
Generally, a time period of 10 years can be an ideal benchmark for investors. Over an investment period of 10 years, an investor can take advantage of the power of compounding. At the same time, the risks of the market are covered in such a long period, and the chances of getting high returns increase. Here are 5 equity mutual fund schemes that have topped the return chart in 10 years. In all these, the value of SIP of Rs 10,000 monthly exceeded Rs 50 lakh.
SBI Small Cap Fund
SBI Smallcap Fund has given 23.82% annualized returns to SIPs in the last 10 years. Those who did a monthly SIP of Rs 10,000 with an upfront investment of Rs 1 lakh got more than Rs 50 lakh after 10 years.
Monthly SIP: Rs 10,000
Upfront Investment: Rs 1 lakh
Duration: 10 years
Annualized Return: 23.82%
Total investment in 10 years: Rs 13 lakh
Value of SIP after 10 years: Rs 50,79,254.
Nippon India Small Cap Fund
The Nippon India Smallcap Fund has given 26.73 percent annualized returns to SIPs in the last 10 years. Those who did a monthly SIP of Rs 10,000 with an upfront investment of Rs 1 lakh got more than Rs 60 lakh after 10 years.
Monthly SIP: Rs 10,000
Upfront Investment: Rs 1 lakh
Duration: 10 years
Annualized Returns: 26.73%
Total investment in 10 years: Rs 13 lakh
Value of SIP after 10 years: Rs 60,22,554.
Motilal Oswal Midcap Fund
Motilal Oswal Midcap Fund has given 24.77 percent annualized returns to SIPs in the last 10 years. Those who did a monthly SIP of Rs 10,000 with an upfront investment of Rs 1 lakh got about Rs 54 lakh after 10 years.
Monthly SIP: Rs 10,000
Upfront Investment: Rs 1 lakh
Duration: 10 years
Annualized Returns: 24.77%
Total investment in 10 years: Rs 13 lakh
Value of SIP after 10 years: Rs 53,71,341.
Return on Lump Sum
Nippon India Smallcap Fund has given a return of 23.94 percent per annum to those who have made lump sum investors in the last 10 years. Those who made a one-time investment of Rs 1 lakh in this fund increased to Rs 8,56,923. That is, the absolute return has been 757 percent.
Minimum lump sum investment: Rs 5000
Minimum SIP: Rs 100
Total assets: Rs 62259.56 crore (September 30, 2024)
Expense Ratio: 0.66% (September 30, 2024).
Quant ELSS Tax Saver Fund
Quant ELSS Tax Saver Fund has given 25.5% annualized returns to SIPs in the last 10 years. Those who did a monthly SIP of Rs 10,000 with an upfront investment of Rs 1 lakh got more than Rs 56 lakh after 10 years.
Monthly SIP: Rs 10,000
Upfront Investment: Rs 1 lakh
Duration: 10 years
Annualized Returns: 25.50%
Total investment in 10 years: Rs 13 lakh
Value of SIP after 10 years: Rs 56,04,882.
Kotak Small Cap Fund
Kotak Smallcap Fund has given 23.60% annualized returns to SIPs in the last 10 years. Those who did a monthly SIP of Rs 10,000 with an upfront investment of Rs 1 lakh got more than Rs 50 lakh after 10 years.
Monthly SIP: Rs 10,000
Upfront Investment: Rs 1 lakh
Duration: 10 years
Annualized Return: 23.607%
Total investment in 10 years: Rs 13 lakh
Value of SIP after 10 years: Rs 50,13,945.
