Mutual Fund: It is essential to maintain a consistent savings strategy for future security and to ensure financial resilience during emergencies. Mutual funds can serve as an effective solution for this purpose, allowing you to select options that align with your financial objectives. There are various types of mutual funds available, including large cap, mid cap, flexi cap, small cap, sectoral, and dividend yield funds.
Three successful mutual fund schemes
Small cap mutual funds primarily allocate a significant portion of their assets to companies with a market capitalization of less than Rs 5,000 crore. Below are three successful mutual fund schemes that have effectively transformed 15 years of consistent investment into substantial wealth.
Kotak Small Cap Fund
This open-ended scheme has achieved a return of 18.23 percent since its inception in February 2005. Consequently, an individual investing Rs 10,000 monthly in this mutual fund for 15 years would have amassed approximately Rs 1 crore, while the total investment over that period would be Rs 18 lakh.
SBI Small Cap Fund
Launched in September 2009, this scheme has delivered a return of 20.74 percent. An investor contributing Rs 10,000 each month for 15 years would see their total capital grow to around Rs 1.25 crore, with the total investment remaining at Rs 18 lakh.
Nippon India Small Cap Fund
Since its launch in September 2010, this fund has provided a return of 22.22 percent. If an individual had invested Rs 10,000 monthly for 14 years, the total amount would reach approximately Rs 1.27 crore, with the total investment over 15 years being Rs 18 lakh.
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