Top 3 Index Funds vs Top 3 Contra Funds With Highest SIP Returns in 10 Years: Know which fund has given highest return on Rs 10,000 monthly SIP investment?
Top 3 Index Funds vs Top 3 Contra Funds in 10 Years: Index mutual funds are passive funds that follow an index and come with a low expense ratio. Contra funds invest in stocks that are performing against market trends and can rise in the future.
Top 3 Index Funds vs Top 3 Contra Funds With Highest SIP Returns in 10 Years: Investing in index funds is considered the easiest way to start mutual fund investment. The reason is index funds follow an index. The stocks in the fund will keep changing, but only the top stocks will remain in the index. The second thing is that they are passive funds, where the manager just needs to track the index. So, index funds have a low expense ratio. Since index funds invest in equity, they are vulnerable during market fluctuations, but they are considered good for long-term investment.
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Contra mutual funds
These funds invest in stocks that are not performing well but can rise in the future. The fund manager has a contrarian view of the market, where they invest in stocks that are available at a low value. The low value of the stock can be due to many factors. The thought behind such stocks is that it will recover once the factors behind its low value improve. The category is risky since the stock picking is based on future analysis. But contra mutual funds have given consistent returns in the long run.
Contra mutual funds
Here, we take you through the top 3 index and contra mutual funds with highest annualised SIP returns (XIRR) in 10 years. Know how a Rs 10,000 monthly SIP investment has performed in each of them.
Top 3 contra funds in 10 years
SBI Contra Fund Direct-Growth
The fund has given 20.60 per cent annualised SIP return in the 10-year period.
It has a fund size of Rs 42,181 crore, while its unit price is Rs 391.47.
Benchmarked against BSE 500 TRI, the fund has given 16.93 per cent annualised return since its debut in January 2013.
SBI Contra Fund Direct-Growth
At an expense ratio of 0.57 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 10,000 monthly SIP investment in the fund has jumped to Rs 35.59 lakh in the 10-year time frame.
Kotak India EQ Contra Fund Direct-Growth
The fund has given 19.20 per cent annualised SIP return the 10-year time frame.
It has assets under management (AUM) of Rs 3,986 crore, while its net asset value (NAV) is Rs 161.44.
Benchmarked against NIFTY 500 TRI, the fund has given 17.31 per cent annualised return since its launch in January 2013.
Kotak India EQ Contra Fund Direct-Growth
With an expense ratio of 0.55 per cent, the fund has Rs 1,000 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 10,000 monthly SIP investment in the 10-year period has converted into Rs 32.99 lakh.
Invesco India Contra Fund Direct-Growth
The fund has given 19.14 per cent annualised SIP return in the 10-year period.
It has assets under management (AUM) of Rs 18,153 crore, while its net asset value (NAV) is Rs 146.96.
Benchmarked against BSE 500 TRI, the fund has given 19.3 per cent annualised return since its inception in January 2013.
Invesco India Contra Fund Direct-Growth
At an expense ratio of 0.52 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 10,000 monthly SIP investment in 10 years, or a total investment of Rs 12,00,000, has jumped to Rs 32.89 lakh.
Top 3 index mutual funds in 10 years
Bandhan Nifty 50 Index Fund Direct Plan-Growth
The fund has given 13.80 per cent annualised SIP return in 10 years.
It has AUM of Rs 1,648 crore, while its NAV is Rs 50.74.
Benchmarked against Nifty 50 Total Return, the fund has given 12.92 per cent annualised return since its debut in January 2013.
Bandhan Nifty 50 Index Fund Direct Plan-Growth
At an expense ratio of 0.1 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 12,000 monthly SIP investment in the fund has jumped to Rs 24.68 lakh in the 10-year period.
UTI Nifty 50 Index Fund Direct-Growth
The fund has given 13.73 per cent annualised SIP return in the 10-year period.
It has an asset base of Rs 20,010 crore, while its NAV is Rs 159.59.
Benchmarked against Nifty 50 Total Return, the fund has given 12.81 per cent annualised return since its inception in January 2013.
UTI Nifty 50 Index Fund Direct-Growth
With an expense ratio of 0.18 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 12,000 monthly SIP investment in the fund has swelled to Rs 24.58 in the 10-year time frame.
Sundaram Nifty 100 Equal Weight Fund Direct-Growth
The fund has given 13.72 per cent annualised SIP return in 10 years.
Its AUM is Rs 97 crore, while its NAV is Rs 211.6300.
Benchmarked against NIFTY 100 Equal Weighted TRI, the fund has given 12.11 per cent annualised return since its starting in January 2013.
Sundaram Nifty 100 Equal Weight Fund Direct-Growth
With an expense ratio of 0.57 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 10,000 monthly SIP investment in the fund has grown to Rs 24.56 lakh in 10 years.