Top 7 Mutual Funds With Highest SIP Returns in 1 Year: What Rs 10,000 SIP in each fund has given
Association of Mutual Funds in India (AMFI) data month after month shows that systematic investment plans (SIPs) are gaining popularity over the lump sum mode of mutual fund investment. In SIP, one can invest as little as Rs 100 a month. SIP provides rupee cost averaging to mitigate market fluctuations and compound growth to increase the investment faster as they grow older. In the last 1 one year, as many as 9 mutual funds have given returns of more than 70% (as per Value Research data). Here is a list of those 9 mutual funds.
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Quant Infrastructure Fund - Direct Plan
The sectoral fund tops the chart with 89.84% returns in 1 year. It means a Rs 10,000 SIP a month has turned into Rs 1,68,244 in the 1-year period. Its net asset value (NAV) is Rs 44.0651.
Invesco India Infrastructure Fund - Direct Plan
Another sectoral infra fund has given an 87.69% return in the year. A Rs 10,000 SIP for a year has given Rs 1,67,190 in total. Its NAV size is Rs 72.7600.
Quant Mid Cap Fund - Direct Plan
The mid-cap fund has given returns of 77.73% in the 1 year. An investment of Rs 10,000 SIP in the fund has given Rs 1,62,245 in today's date. The fund has an NAV of Rs 258.8589.
Kotak Nifty Next 50 Index Fund - Direct Plan
The index fund is in the No. 4 spot with a return of 77.23%. An investment of Rs 10,000 in SIP for a year has given Rs 1,61,996 in the fund.
UTI Nifty200 Momentum 30 Index Fund - Direct Plan
Another index fund has given 76.58% returns in the year. At Rs 23.0843 NAV, the fund has given a total of Rs 1,61,670. The fund's NAV is Rs 23.0843.
ICICI Prudential Infrastructure Fund - Direct Plan
The sectoral infra fund from ICICI Mutual Fund has given a 72.06% return in the 1 year. A Rs 10,000 SIP has given a total of Rs 1,59,395 in the year. The NAV for the fund is Rs 192.0900.
Invesco India Focused Fund - Direct Plan
The Flexi Cap has given SIP returns of 71.84% in the 1 year. An SIP of Rs 10,000 in the fund has given Rs 1,59,283 in total. The NAV of the flexi cap fund is worth Rs 25.8800.
Quant Large and Mid Cap Fund - Direct Plan
The fund has given a return of 71.64% in the 1 year. An SIP worth Rs 10,000 in the fund has given a total of Rs 1,59,184. The NAV for the fund at present stands at Rs 129.3321.
Kotak Infrastructure and Economic Reform Fund - Standard Plan - Direct Plan
The sectoral infra fund has given 71.38% SIP returns in the year-long period. An investor with Rs 10,000 SIP in the fund has a total of Rs 1,59,049 in a year. The NAV for the fund is Rs 74.6710.