Top 5 Infra Funds that have given up to 41% annualised return in 5 years
The interest in the infrastructure fund is also spurred as the Union Budget 2024 has pegged outlay of Rs 26,000 crore towards the sector.
Mutual Funds amid buoyant market mood have been raking in increased SIP inflows month-on-month. And now the industry is delving on how it would manage the ever-increasing inflow. Furthermore, as is the trend observed within the thematic fund category, infrastructure funds led. So, as the government is increasingly focusing on infra development in the country and boosting its capex accordingly, here are the top performing mutual funds that have yielded up to 200 per cent return.
Invesco India Infrastructure Fund- Direct Plan
The fund is CRISIL 5-star rated and over a 5-year period has generated an annualised yield of 33 per cent. A Rs 10,000 monthly SIP started 5 years, amounting Rs 6 lakh in investment, would have grown to over Rs 15 lakh.
Canara Robeco Infrastructure- Direct Plan
Rating agency CRISIL has accorded this infra fund a 5-star rating. The fund over a 5-year period has garnered an annualised yield of 33.18 per cent. Furthermore, a Rs 10,000 monthly SIP would be worth around Rs 16 lakh in 5 years.
Bank of India Manufacturing & Infrastructure Fund - Direct Plan - Growth
The fund is also CRISIL 5-star rated and in 5 years has generated 34.92 per cent annualised return. In 5 years, an investment worth Rs 6 lakh via the SIP route would be worth Rs 15.54 lakh.
LIC MF Infrastructure Fund - Direct Plan - Growth
The fund is 4-star ranked by CRISIL and over 5 years has generated 32.29 per cent return. In 5 years, a SIP investment of Rs 10,000 per month is now worth Rs 16.51 lakh.
Quant Infrastructure Fund - Direct Plan - Growth
This fund is not rated by CRISIL and over 5 years has generated 41 per cent annualised return. In 5 years, the sum of Rs 6 lakh investment (accumulated via a Rs 10000 monthly SIP) would multiply your wealth to Rs 17.97 lakh.