Mutual Fund: The amount of individuals putting money into mutual funds has been rising markedly lately. Most individuals are putting their money into equity mutual funds via a Systematic Investment Plan (SIP). This strategy enables consistent investment of a set amount, irrespective of market fluctuations.
Due to numerous funds delivering strong returns, an increasing number of individuals are shifting their investments in this direction. And are you also seeking the top funds to invest in equity mutual funds? Now, let’s explore the top 10 mutual funds that have delivered strong returns to investors over the past 5 years. These have yielded yearly returns ranging from 33.22 percent to 48.22 percent.
Rs.19 lakhs with a SIP of Rs.10,000!
The Quant Small Cap Fund has produced impressive returns over the past five years. Individuals who contributed Rs.10,000 monthly via a systematic investment plan have accumulated a fund of Rs.19.01 lakh with an annualized return of 48.22 percent. Subsequently, the Quant Mid Cap Fund has amassed a total of Rs.14.81 lakh, achieving an annualized return of 37.46 percent for a SIP of Rs.10,000 over five years.
Here are 5 notable mutual funds:
Quant Small Cap Fund has initiated a SIP of Rs. 10,000 rupees. 19.01 lakh over a span of 5 years. The XIRR stands at 48.52 percent.
Quant Midcap Fund earned Rs.14.81 lakh over 5 years with a SIP of Rs.10,000. Its XIRR stands at 37.46 percent.
Had you invested Rs.10,000 every month in Nippon India Small Cap Fund, it would have increased to Rs.14.79 lakh over 5 years. Its XIRR stands at 37.4 percent.
If you had invested in an SIP of Rs. If you had invested 10,000 in the Quant Flexi Cap Fund, it would be Rs. Fourteen point forty-nine lakh. The XIRR stands at 36.51 percent.
If you had invested Rs. 10,000 through Quant ELSS Tax Saver Fund Systematic Investment Plan, you would have earned Rs. 14.28 lakh in 5 years. The IRR is Rs. 35.88 percent.
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