Power of Rs 1,000 SIP: Top 6 mutual funds where Rs 1,000 monthly SIP has grown to up to Rs 2.24 crore since funds' inception
SIP Returns: SBI was the first to establish a mutual fund house then. Many government and private mutual fund houses were established after that. It has been more than 35 years, and at present, as many as 44 mutual fund houses are running more than 1,600 of mutual fund schemes.
Power of Rs 1,000 SIP: Running mutual funds were early restricted to government agency- United Trust of India. But the government opened mutual funds to other companies in 1987. SBI was the first to establish a mutual fund house then. Many government and private mutual fund houses were established after that. It has been more than 35 years, and at present, as many as 44 mutual fund houses are running more than 1,600 of mutual fund schemes, as per Securities Exchange Board of India (Sebi) data as on July 31, 2024.
Today, we take you through the top 6 mutual funds in terms of annualised SIP (XIRR) and annualised lump annualised returns (CAGR). We will also tell you the current estimated value of Rs 1,000 monthly SIP in each fund.
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