Top 7 SIP Mutual Funds in 3 Years: What Rs 10,000 SIP in each fund has given
Systematic investment plan (SIP) is a more popular way than lump sump in mutual fund investment. A majoariy of people invest in mutual funds through SIPs as it gives them flexibility to invest a fixed amount that suits their monthly income. The can start an SIP with as low amount as Rs 100. They can stop, increase or decrease this amount whenever they want. SIP helps in rupee cost averaging, which means an investor purchases more NAVs when the market is down, and buys less when the market is up. SIPs is specially more favourable for equity mutual fund investment as they are more prone to market fluctuations. Here's a list of top 7 mutual funds with the highest SIP return in the 3 years, and what Rs 10,000 SIP in each fund has given in the 3-year period.
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Quant Large and Mid Cap
The fund at top has given 34.90% SIP returns (XIRR) in the 3 years. The equity fund has given Rs 5.90 lakh in total in the 3 years on an SIP of Rs 10,000.
Quant Active Fund
The multi cap fund from Quant at No. 2 has given 27.81% returns. An SIP of Rs 10,000 in the fund has given Rs 5.37 lakh in total.
Quant Focused Fund
This makes top 3 places occupied by Quant. The fund at No. 3 position has given returns of 27.72%. It means a Rs 10,000 SIP in the fund has given Rs 5.36 lakh in total in the 3 years.
Kotak Equities Opportunities Fund
The large and mid cap fund has given 25.77% return. A Rs 10,000 SIP in the fund has given Rs 5.22 lakh in total.
Parag Parekh Flexi Cap Fund
The flexi und from Parag Parekh has an XIRR of 24.28% in the 3 years. With a Rs 10,000 SIP in the fund, an investor got Rs 5.12 lakh in the 3 years.
Edelweiss Large & Mid Cap Fund
The Edelweiss fund has given 21.88% return in the 3 years. A Rs 10,000 SIP in the fund has given Rs 4.95 lakh in total.
Edelweiss Large Cap Fund
The only large cap fund in the list has given 20.70% XIRR in the 3 years. An investor with a Rs 10,000 SIP in the fund has given Rs 4.87 lakh in the 3 years.