Power of Rs 2,000 SIP: Top mutual funds that have turned Rs 2,000 monthly SIP into up to Rs 5,09,28,437; get details
Power of Rs 2,000 SIP: Equity mutual funds have their investments in a number of small, mid, and large cap stocks. By choosing a number of stocks for investment, they mitigate their risk. So, the returns in top performing mutual fund schemes may not be as high as top performing stocks, but they are known to give steady returns in the long run. However, many mutual funds have converted Rs 2,000 monthly SIPs into up to over Rs 5 crore since their inception.
Power of Rs 2,000 SIP: What if you are interested in growing your money through stock investing but don't have much knowledge about them? In that case, you may have fear of choosing the wrong stocks and losing your hard-earned money. So, an easier and less riskier route can be mutual funds, since mutual fund houses don't invest money in a single stock but in a number of them. Even a small cap mutual fund will have some exposure to mid cap and large cap stocks. Since risk mitigates in mutual funds, returns in top mutual funds may not be as high as in top stocks. But mutual funds are known to give steady returns in the long run. Many mutual funds that have been in existence for over two decades have multiplied investor wealth by many times. Here, we take you through 6 such mutual fund schemes where Rs 2,000 monthly SIP has converted into at least Rs 2.06 crore crore since the inception of these funds.
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Nippon India Growth Fund (Mid Cap)
The fund has given 23.61 per cent annualised returns (CAGR) since its inception in October 1995. The fund has assets under management (AUM) of Rs 32,971 crore, while its net asset value (NAV) is Rs 4,129.9523.
Nippon India Growth Fund (Mid Cap)
Benchmarked against NIFTY Midcap 150 TRI, the fund has an expense ratio of 1.59 per cent.
A Rs 2,000 monthly SIP in the fund since inception has turned into Rs 5,09,28,437.
Franklin India Prima Fund (Mid Cap)
The fund has given 21.24 annualised returns since its inception in December 1993.
The fund has an asset base of Rs 12,529 crore, while its NAV is Rs 2,796.012.
Franklin India Prima Fund (Mid Cap)
Benchmarked against NIFTY Midcap 150 TRI, the fund has Rs 5,000 as the minimum investment.
A Rs 2,000 monthly SIP in the fund has converted into Rs 4,70,42,356 in the since its launch.
HDFC Flexi Cap Fund
The fund has given 21.68 per cent annualised returns since its inception in January 1995.
Its AUM is Rs 61,572 crore, while its NAV is Rs 1,903.492.
HDFC Flexi Cap Fund
Benchmarked against NIFTY 500 TRI, the fund has Rs 100 as the minimum investment.
A Rs 2,000 monthly SIP in the fund has swelled to Rs 4,16,90,296 since the scheme's debut.
Franklin India Flexi Cap Fund
The fund has given 20.58 per cent annualised returns since its launch in September 1994.
The fund holds an asset base of Rs 17,417 crore, while its NAV is Rs 1,661.4124.
Franklin India Flexi Cap Fund
Benchmarked against NIFTY 500 TRI, the fund has Rs 5,000.0 as the minimum investment.
A Rs 2,000 monthly SIP in the fund has grown to Rs 3,49,62,089.
Aditya Birla MNC Fund
The fund has given 19.43 per cent annualised return since its inception in April 1994.
The fund has NAV of Rs 1,423.8300, while its asset base is worth Rs 4,124 crore.
Aditya Birla MNC Fund
Benchmarked against NIFTY MNC TRI, the fund has Rs 1,000 as the minimum investment.
It has converted Rs 2,000 monthly SIP into Rs 2,78,62,858 since its inception.