Sharekhan picks these 5 value mutual funds for SIP; check details
SBI Contra Fund, HSBC Value Fund, and Nippon India Value Fund are among the top picks by brokerage Sharekhan.
SIP Return Top 5 Value Funds: Brokerage firm Sharekhan has picked 5 value funds as its top pick for SIP. The SIP returns of these three funds in the last 5 years have been around 19-20 per cent annually.
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SBI Contra Fund
SBI Contra Fund
The SIP return of SBI Contra Fund has been 33.64 percent per annum in the last 5 years. Monthly investment of Rs 10,000 in this scheme has increased to Rs 13.65 lakh in 5 years. The minimum investment in this scheme is Rs 5,000, whereas the minimum SIP is Rs 500.
HSBC Value Fund
HSBC Value Fund
The SIP return of HSBC Value Fund has been 28.22 per cent annually in the last 5 years. A monthly investment of Rs 10,000 in this scheme has increased to Rs 12.01 lakh in 5 years. The minimum investment in the fund is Rs 5,000, while the minimum SIP is Rs 500.
Nippon India Value Fund
Nippon India Value Fund
The SIP return of Nippon India Value Fund has been 28.34 per cent per annum in the last 5 years. A monthly investment of Rs 10,000 in this scheme has increased to Rs 12.05 lakh in 5 years. The minimum investment in the scheme is Rs 500, while the minimum SIP is Rs 1,000.
ICICI Prudential Value Discovery Fund
ICICI Prudential Value Discovery Fund
The SIP return of ICICI Pru Value Discovery Fund has been 28.15 per cent per annum in the last 5 years. A monthly investment of Rs 10,000 in this scheme has increased to Rs 11.99 lakh in 5 years. The minimum investment in the fund is Rs 1,000, while the minimum SIP is Rs 100.
Bandhan Sterling Value Fund
Bandhan Sterling Value Fund
The SIP return of Bandhan Sterling Value Fund has been 29.28 per cent annually in the last 5 years. A monthly investment of Rs 10,000 in this scheme has increased to Rs 12.32 lakh in the 5 years. The minimum investment in this scheme is Rs 1,000, whereas the minimum SIP is Rs 100.
(Note: NAV- 22 April 2024, Source: Value Research) (Disclaimer: The pick of top funds here is given by the brokerage house. These are not the views of Zee Business. Investing in mutual funds is subject to risks. Consult your advisor before investing. Please consult.)