If you are also worried about your future, then today’s article is just for you. Especially if you want to save continuously for your future, mutual funds can prove to be a great investment option for you. Mutual funds are categorized into different types, including large cap, mid cap, flexi cap, small cap, and sectoral funds, each focusing on various kinds of companies. Notably, three funds have successfully transformed a monthly SIP of Rs 10,000 into a remarkable corpus of Rs 1 crore in just 15 years.
Kotak Small Cap Fund
Launched in February 2005, the Kotak Small Cap Fund has achieved an annualized return of 18.23%. An investor who had consistently invested Rs 10,000 monthly in this fund over the past 15 years would now have a total of Rs 1.02 crore, with Rs 18 lakh contributed from their own investments.
SBI Small Cap Fund
The SBI Small Cap Fund, which started in September 2009, has delivered an impressive return of 20.74%. If an investor had committed to a monthly SIP of Rs 10,000 in this fund for 15 years, their total corpus would amount to Rs 1.25 crore, with Rs 18 lakh being the initial investment.
Nippon India Small Cap Fund
Since its launch in September 2010, the Nippon India Small Cap Fund has provided a return of 22.22%. An investor who invested Rs 10,000 monthly in this fund for the last 14 years would see their corpus grow to Rs 1.27 crore, with Rs 18 lakh invested.
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