Mutual Fund SIP: Top 10 banking MFs with up to 41% SIP returns in 1 year; know how Rs 21,000 monthly SIP in each of them has panned out
Quant BFSI Fund Direct-Growth, Bandhan Financial Services Fund, SBI Banking & Financial Services Fund and seven more banking mutual funds which have provided up to 41% SIP returns in 1 year.
SIPs (systematic investment plans) let you start small and progressively build up a corpus in a systematic and planned manner. Saving a little bit of money regularly over time may have an exponential influence on your investment due to compounding interest.
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Top 10 banking mutual funds
In this article, we will discuss the top 10 banking mutual funds which have provided up to 41 per cent SIP returns in just one year. Take a look:
Quant BFSI Fund Direct-Growth
This number one mutual fund has provided returns of 41.16 per cent in one year.
Rs 21,000 SIP in Quant BFSI fund
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 53,050 (41.16%)
Maturity amount: Rs 3.05 lakh
Bandhan Financial Services Fund Direct-Growth
This mutual fund has provided returns of 37.83 per cent in one year.
Bandhan Financial Services mutual fund: Rs 21,000 monthly SIP
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 48,950 (37.83%)
Maturity amount: Rs 3.01 lakh
Invesco India Financial Services Fund Direct-Growth
This mutual fund has provided returns of 36.92 per cent in one year.
Rs 21,000 SIP in Invesco India MF
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 47,828 (36.92%)
Maturity amount: Rs 3 lakh
SBI Banking & Financial Services Fund Direct-Growth
This mutual fund has provided returns of 34 per cent in one year.
SBI Banking mutual fund: Rs 21,000 SIP
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 44,188 (34%)
Maturity amount: Rs 2.96 lakh
ICICI Prudential Banking and Financial Services Direct Plan-Growth
This mutual fund has provided returns of 29.50 per cent in one year.
Monthly SIP of Rs 21,000 in ICICI Prudential MF
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 38,555 (29.50%)
Maturity amount: Rs 2.91 lakh
Nippon India Banking & Financial Services Fund Direct-Growth
This mutual fund has provided returns of 28.48 per cent in one year.
Monthly SIP of Rs 21,000 in Nippon India Banking MF
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 37,265 (28.48%)
Maturity amount: Rs 2.89 lakh
Sundaram Financial Services Opportunities Fund Direct-Growth
This mutual fund has provided returns of 27.76 per cent in one year.
Monthly SIP of Rs 21,000 in Sundaram Financial Services MF
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 36,355 (27.76%)
Maturity amount: Rs 2.88 lakh
Kotak Banking & Financial Services Fund Direct - Growth
This mutual fund has provided returns of 27.36 per cent in one year.
Monthly SIP of Rs 21,000 in Kotak Banking mutual fund
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 35,847 (27.36%)
Maturity amount: Rs 2.88 lakh
Tata Banking and Financial Services Fund Direct-Growth
This mutual fund has provided returns of 26.89 per cent in one year.
Monthly SIP of Rs 21,000 in Tata Banking mutual fund
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 35,259 (26.89%)
Maturity amount: Rs 2.87 lakh
HDFC Banking & Financial Services Fund Direct - Growth
This mutual fund has provided returns of 26.12 per cent in one year.
Monthly SIP of Rs 21,000 in HDFC Banking mutual fund
Total investment in 1 year: Rs 2.52 lakh
Returns: Rs 34,277 (26.12%)
Maturity amount: Rs 2.86 lakh
Disclaimer: Investing in mutual funds is subject to market risks. Consult your advisor before making any investment.