The common investors in the country are increasingly turning to mutual fund SIPs. The primary reason behind this growing interest is the impressive returns offered by SIPs. Many investors choose mutual fund SIPs intending to achieve substantial financial gains.
Today, we will share details about five mutual fund schemes that have significantly benefitted investors. These schemes have helped SIP investors grow their investments up to four times in just seven years.
What makes these schemes special is their composition: out of the five, three are small-cap funds, one is a mid-cap fund, and one is an ELSS (Equity Linked Savings Scheme) fund. These funds have proven to be highly rewarding for disciplined investors over time. Throughout this article, we will describe some of the best SIPs that should be very useful in today’s life.
HSBC Small Cap Fund
The SIP investment started 7 years ago in the HSBC Small Cap Fund has grown 3.38 times so far, delivering an XIRR of 23.08 per cent. The total value of a SIP of Rs 10,000 started in this scheme 7 years ago has grown 3.41 times with an XIRR of 23.22 per cent. Additionally, the total value of a SIP of Rs 10,000 started in this scheme 7 years ago has grown 3.65 times with an XIRR of 24.51 per cent.
Quant ELSS Tax Saver Fund
The SIP investment started 7 years ago in the Quant ELSS Tax Saver Fund has grown 3.41 times so far, with an XIRR of 23.22 per cent. The total value of a SIP of Rs 10,000 started in this scheme 7 years ago has grown 3.65 times, delivering an XIRR of 24.51 per cent. Moreover, the total value of a SIP of Rs 10,000 started 7 years ago in this scheme has reached Rs 30,66,000 today.
Nippon India Small Cap Fund
The SIP investment started 7 years ago in the Nippon India Small Cap Fund has grown 3.88 times to date, with an XIRR of 25.65 per cent. The total value of a SIP of Rs 10,000 started in this scheme 7 years ago has grown 3.88 times, amounting to Rs 32,59,200.
Quant Small Cap Fund
The SIP investment started 7 years ago in the Quant Small Cap Fund has grown 4.19 times to date, delivering an XIRR of 27.04 per cent. Additionally, the total value of a SIP of Rs 10,000 started 7 years ago in this scheme has grown 4.88 times to date, with an XIRR of 25.65 per cent.