Top 7 Index Mutual Funds With Highest SIP Returns in 10 Years: No. 1 fund has converted Rs 10,000 monthly SIP into Rs 32.24 lakh; here's what others have done
Top 7 index funds with highest SIP returns in 10 years: Index funds are good for beginners since they just need to follow the performance of the index. Index funds have nearly all of their investments in equity, so they can give stable returns in the long run.
Top 7 index funds with highest SIP returns in 10 years: Index funds are passive mutual funds that track a particular index. The fund manager invests in the stock of the companies that the index follows. If a company moves out of the index, the fund manager also sells its stocks and replaces them with the stocks of the company that is entering the index. Since these are passive funds, the expense ratio is low. Index funds are good for beginners since they just need to follow the performance of the index. Index funds have nearly all of their investments in equity, so they can give stable returns in the long run. Many of the index funds have beaten their benchmarks in the last decade. We take you through the top 7 index mutual funds with the highest annualised SIP returns (XIRR) in 10 years. Also know what Rs 10,000 monthly SIP investment in each fund has given in that period. (Data Source: Value Research)
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ICICI Prudential Nifty Next 50 Index Fund - Direct Plan
The top index fund has given 18.79 per cent annualised SIP returns in the 10-year period.
The mid cap fund has assets under management (AUM) of Rs 7,184 crore, while its net asset value (NAV) is Rs 70.0819.
Benchmarked against NIFTY Next 50 TRI, the fund given 16.98 per cent annualised returns (CAGR) since its inception in January 2013.
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan
With an expense ratio of 0.31 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10 years, or total investment of Rs 12,00,000, has grown to Rs 32,24,745.
LIC MF Nifty Next 50 Index Fund - Direct Plan
The fund has given 18.75 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 101 crore, while its NAV is Rs 61.3597.
Benchmarked against NIFTY Midcap 150 TRI, the fund given 16.81 per cent annualised returns since its debut in January 2013.
LIC MF Nifty Next 50 Index Fund - Direct Plan
At an expense ratio of 0.32 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 scheme has turned into to Rs 32,17,091.
Sundaram Nifty 100 Equal Weight Fund - Direct Plan
The fund has given 16.93 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 100 crore, while its NAV is Rs 191.2557.
Benchmarked against NIFTY 100 Equal Weighted TRI, the fund given 13.88 per cent annualised returns since its debut in January 2013.
Sundaram Nifty 100 Equal Weight Fund - Direct Plan
At an expense ratio of 0.56 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in the scheme has turned into to Rs 29,17,107.
Bandhan Nifty 50 Index Fund - Direct Plan
The fund has given 15.79 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 1,629 crore, while its NAV is Rs 55.0082.
Benchmarked against NIFTY 50 TRI, the fund given 13.99 per cent annualised returns since its debut in January 2013.
Bandhan Nifty 50 Index Fund - Direct Plan
At an expense ratio of 0.10 per cent, the fund has Rs 100 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 10,000 monthly SIP investment in the scheme has turned into to Rs 27,42,988.
UTI Nifty 50 Index Fund - Direct Plan
The fund has given 15.71 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 20,432 crore, while its NAV is Rs 173.0271.
Benchmarked against NIFTY 50 TRI, the fund given 13.87 per cent annualised returns since its launch in January 2013.
UTI Nifty 50 Index Fund - Direct Plan
With an expense ratio of 0.19 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 the scheme has turned into to Rs 27,32,082.
HDFC Index Fund Nifty 50 Plan - Direct Plan
The fund has given 15.65 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 18,915 crore, while its NAV is Rs 240.7855.
Benchmarked against NIFTY 50 TRI, the fund given 13.99 per cent annualised returns since its debut in January 2013.
HDFC Index Fund Nifty 50 Plan - Direct Plan
The fund has given 15.65 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 18,915 crore, while its NAV is Rs 240.7855.
Benchmarked against NIFTY 50 TRI, the fund given 13.99 per cent annualised returns since its debut in January 2013.
HDFC Index Fund Nifty 50 Plan - Direct Plan
At an expense ratio of 0.20 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in the scheme has turned into to Rs 27,23,479.
Tata Nifty 50 Index Fund - Direct Plan
The fund has given 15.63 per cent annualised SIP returns in the 10-year period.
It has AUM of Rs 942 crore, while its NAV is Rs 167.5736.
Benchmarked against NIFTY 50 TRI, the fund given 13.96 per cent annualised returns since its debut in January 2013.
Tata Nifty 50 Index Fund - Direct Plan
At an expense ratio of 0.20 per cent, the fund has Rs 150 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 10,000 monthly SIP investment in the scheme has turned into to Rs 27,19,552.