Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP in NO. 1 fund has grown to Rs 3.80 lakh; know how others have performed
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: SBI Nifty Next 50 Index Fund Direct - Growth has been the top-performing SBI mutual fund in 1 year. The fund has given per cent annualised SIP return in the 1-year period. It has assets under management of Rs crore, while its net asset value (NAV) is Rs 1,311 crore.
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: SBI Mutual Fund House is the largest fund house in India with over Rs 1 lakh crore assets under management (AUM). Established in June 1987, the fund house runs some of the oldest schemes under its umbrella. Many of them have been consistent performers in the long and short terms. The fund runs as many as 72 primary schemes, of which 37 are equity, 22 debt, 11 hybrid, and 2 other schemes. In this write-up, know the top 7 SBI Mutual Fund schemes with the highest annualised SIP returns (XIRR) in the 1-year period.
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SBI Nifty Next 50 Index Fund Direct - Growth
The index fund at No. 1 has given 53.66 per cent annualised SIP return in the 1-year period.
It has assets under management (AUM) of Rs 1,311 crore, while its net asset value (NAV) is Rs 20.48.
Benchmarked against NIFTY Next 50 TRI, the fund has given 23.51 per cent annualised returns (CAGR) since its inception in April 2021.