Rs 10,000 monthly SIP in these top 3 Index Funds grows up to Rs 6.03 lakh in 3 years

Index funds are a type of mutual fund or exchange traded fund (ETF) tracking returns of a particular market index, say Nifty 50 or Sensex. Thus, when you invest in an index fund, your money will be put to buy all the securities that constitute that particular index. So, while index funds typically mirror the performance of the benchmark index, they also come with advantages such as low expense ratio, diversification and consistent performance over the long run. 

So, here are the top 3 performing index funds:

Motilal Oswal Nifty Midcap 150 Index Fund - Direct Plan - Growth 

This fund benchmarked against NIFTY Midcap 150 TRI has generated an annualised return of 27.76 per cent over a 3-year period. With an AUM of Rs 1,591 crore, the fund charges an expense ratio of 0.3 per cent. Since inception in September 2019, the fund has yielded 31.43 per cent return.

An investor can kickstart his/her investment into the fund with a minimum lump sum payment of Rs 500 and minimum SIP investment of Rs 500.

With as many as 150 stocks in its portfolio, the fund is largely concentrated on industrials and financial stocks. Some of the top holdings of the fund are The Indian Hotels, Suzlon Energy, Max Healthcare, Cummins India and CG Power and Industrial Solutions.

A Rs 10,000 monthly SIP in the fund started 3 years ago with an investment of Rs 3.6 lakhs will be now worth over Rs 6.01 lakh, offering an annualised yield of 36.33 per cent.

Nippon India Nifty Midcap 150 Index Fund - Direct Plan - Growth

The fund tracking the Nifty Midcap 150 index has generated an annualised return of 27.53 per cent over a 3-year period. With an AUM of Rs 1,313 crore, the fund charges an expense ratio of 0.3 per cent. Since inception in February 2021, the fund has yielded 29.61 per cent return.

The fund’s NAV as of June 19 stood at Rs 23.73. For lump sum investment into the scheme, one needs to put in a minimum of Rs 100, while minimum SIP investment is also Rs 100.

This fund also has 150 stocks in its portfolio with some of the top holdings as Suzlon Energy, Max Healthcare, Cummins India, The Indian Hotels, CG Power and Yes Bank among others.

A Rs 10,000 monthly SIP in the fund started 3 years ago with an investment of Rs 3.6 lakhs will be now worth over Rs 5.99 lakh.

Motilal Oswal Nifty Smallcap 250 Index Fund - Direct Plan - Growth

The fund tracking the Smallcap 250 index has generated an annualised return of 27.23 per cent over a 3-year period. With an AUM of Rs 688 crore, the fund charges an expense ratio of 0.36 per cent. Since inception in September 2019, the fund has yielded 31.98 per cent return.

The fund’s NAV as of June 19 stood at Rs 37.76. For lump sum investment into the scheme, one needs to put in a minimum of Rs 500, while minimum SIP investment is also Rs 500.

This fund also has 250 stocks in its portfolio with some of the top holdings as Crompton Greaves, Exide Industries, Blue Star, MCX and CDSL among others.

A Rs 10,000 monthly SIP in the fund started 3 years ago with an investment of Rs 3.6 lakhs will be now worth over Rs 6.03 lakh.