Top 7 Mutual Funds With Best SIP Returns in 1 Year: No.1 fund has converted Rs 21,000 monthly SIP into Rs 3,42,126
Top 7 Mutual Funds With Highest SIP Returns in 1 Year: SIP in mutual funds give investors freedom to start investing with a small amount. They can increase or decrease the amount. They can also opt for a step up SIP, where they can increase the percentage of investment amount every year. In the long run, even a small amount SIP can help one create a large corpus.
Top 7 Mutual Funds With Highest SIP Returns in 1 Year: Mutual fund investment is of two types- Systematic Investment Plan (SIP) and lump sum. In SIP, they can invest a predetermined amount every investment cycle. In some of the mutual fund schemes, the minimum SIP investment can be as small as Rs 100. A majority of mutual fund schemes have Rs 500 as the minimum SIP investment. Even if one invests a small amount through SIP in the long term, they are most likely to create a large corpus with that steady investment. The other advantage of SIP investment is that an investor doesn't need to time the market as the rate of net asset value (NAV) of the scheme increases or decreases with time, providing the advantage of rupee cost averaging to the investor. In this write-up, we take you through the top 7 equity mutual fund schemes that have given the highest annualised SIP returns (XIRR) in 1 year. Also know how Rs 21,000 monthly SIP in each fund has evolved during that period. (Data Source: Value Research)
Photos: Unsplash/Pixabay
Motilal Oswal Midcap Fund - Direct Plan
The mid cap scheme at No. 1 has given 72.25 per cent annualised SIP return in 1 year.
The fund has assets under management (AUM) of Rs 15,940 crore, while its net asset value (NAV) is Rs 120.3268.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 26.40 per cent annualised returns (CAGR) since its launch in February 2014.
Motilal Oswal Midcap Fund - Direct Plan
With an expense ratio of 0.60 per cent, the fund has Rs 500 as the minimum SIP investment and lump sum investment each.
A Rs 21,000 monthly SIP in the fund in 1 year, or a total investment of Rs 2,52,000, has grown to Rs 3,42,126.
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan
The sectoral fund has given 62.22 per cent annualised SIP return in the 1-year period.
It has an asset base of Rs 4,808 crore, while its NAV is Rs 41.2400.
Benchmarked against BSE Healthcare TRI, the fund has given 25.52 per cent annualised returns since its inception in July 2018.
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan
At an expense ratio of 1.07 per cent, the fund has Rs 100 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has converted into Rs 3,30,390 in the 1-year time frame.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The ELSS fund has given 61.69 per cent annualised SIP return in the 1-year time frame.
It has AUM of Rs 3,984 crore, while its unit price is Rs 60.0660.
Benchmarked against NIFTY 500 TRI, the fund has given 20.28 per cent annualised returns since its debut in January 2015.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 0.65 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 21,000 monthly SIP in the fund has jumped to Rs 3,29,759 in 1 year.
LIC MF Infrastructure Fund - Direct Plan
The infra fund has given 63.23 per cent annualised SIP return in 1year.
It has an asset base of Rs 725 crore, while its NAV is Rs 57.2443.
Benchmarked against NIFTY Infrastructure TRI, the fund has given 17.59 per cent annualised returns since its starting in January 2013.
LIC MF Infrastructure Fund - Direct Plan
At an expense ratio of 1.38 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 21,000 monthly SIP in the fund has swelled to Rs 3,31,583 in the 1-year time period.
Motilal Oswal Large and Midcap Fund - Direct Plan
The fund has given 60.53 per cent annualised SIP return in the 1-year period.
It has AUM of Rs 5,811 crore, while its unit price is Rs 35.6479.
Benchmarked against NIFTY Large Midcap 250 TRI, the fund has given 29.14 per cent annualised returns since its beginning in October 2019.
Motilal Oswal Large and Midcap Fund - Direct Plan
With an expense ratio of 0.54 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 21,000 monthly SIP in the fund has grown to Rs 3,28,386 in the 1-year time frame.
Tata India Pharma & Healthcare Fund - Direct Plan
The sectoral fund has given 54.71 per cent annualised SIP return in the 1-year time frame.
It has an asset base of Rs 1,183 crore, while its NAV is Rs 35.4369.
Benchmarked against NIFTY Pharma TRI, the fund has given 15.51 per cent annualised returns since its inception in December 2015.
Tata India Pharma & Healthcare Fund - Direct Plan
At an expense ratio of 0.72 per cent, the fund has Rs 100 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has converted into Rs 3,21,462 in 1 year.
Invesco India Focused Fund - Direct Plan
The flexi cap fund has given 58.44 per cent annualised SIP return in 1 year.
It has AUM of Rs 3,080 crore, while its unit price is Rs 29.8800.
Benchmarked against BSE 500 TRI, the fund has given 31.35 per cent annualised returns since its debut in September 2020.
Invesco India Focused Fund - Direct Plan
With an expense ratio of 0.58 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has jumped to Rs 3,25,908 in the 1-year period.