Top 7 Index Mutual Funds With Best SIP Returns in 10 Years: Rs 11,111 monthly SIP investment in No. 1 fund is now worth Rs 33,18,831; know how others have fared
Top 7 index mutual funds with best SIP returns in 10 years: Index funds track an index, having the same set of stocks as in the index they are following. When investors pick an index fund, they need to notice the index that the fund is tracking. Index funds are passive funds with a low expense ratio.
Top 7 index mutual funds with best SIP returns in 10 years: The concept of market index is to have stocks that belong to that category, market cap, businesses, etc. The stocks in an index change as per their performance but the nature of an index remains constant. Index mutual fund is a category where funds track a particular index. They have the same set of stocks in the same proportion as the index that they are following has. It can make fund selection easy for mutual fund investors who either don't have much knowledge about funds or have a lack of time to track the performance or the portfolio of their fund. When they invest in an index fund, they practically invest in the index stocks. The target of the fund manager is to match the performance of the index. Such funds are passive and have a low expense ratio, emerging as strong contenders to large caps. Here, we take you through the top 7 index mutual funds with highest annualised SIP returns in the 10-year period. Also know what a Rs 11,111 monthly investment in each of the can give in that new time frame.
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ICICI Prudential Nifty Next 50 Index Direct-Growth
The fund has given 16.12 per cent annualised SIP return in 10 year.
It has assets under management (AUM) of Rs 3,897 crore, while its net asset value (NAV) is Rs 62.98.
Benchmarked against NIFTY Next 50 TRI, the fund has given 15.62 per cent annualised return since its debut in January 2013.
ICICI Prudential Nifty Next 50 Index Direct-Growth
With an expense ratio of 0.31 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment.
A Rs 11,111 monthly SIP investment in the 10-year period, or a total investment of Rs 13,33,320, has grown to Rs 33,18,831.45.
Sundaram Nifty 100 Equal Weight Fund Direct-Growth
The fund has given 14.89 per cent annualised SIP return in the 10-year time frame.
It AUM of Rs 97 crore, while its NAV is Rs 175.32.
Benchmarked against NIFTY 100 Equal Weighted TRI, the fund has given 12.73 per cent annualised return since its inception in January 2013.
Sundaram Nifty 100 Equal Weight Fund Direct-Growth
At an expense ratio of 0.57 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 11,111 monthly SIP investment in 10 years has converted into Rs 30,75,254.46.
Bandhan Nifty 50 Index Fund Direct Plan-Growth
The fund has given 14.34 per cent annualised SIP return the 10-year period.
It has an asset base of Rs 1,645 crore, while its unit price is Rs 52.19.
Benchmarked against Nifty 50 Total Return, the fund has given 13.23 per cent annualised return since its launch in January 2013.
Bandhan Nifty 50 Index Fund Direct Plan-Growth
With an expense ratio of 0.1 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 11,111 monthly SIP investment in 10 years has converted into Rs 29,73,188.73.
UTI Nifty 50 Index Fund
The fund has given 14.27 per cent annualised SIP return in 10 years.
It has a fund size of Rs 20,083 crore, while its unit price is Rs 164.14.
Benchmarked against Nifty 50 Total Return, the fund has given 13.11 per cent annualised return since its starting in January 2013.
UTI Nifty 50 Index Fund
At an expense ratio of 0.18 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 11,111 monthly SIP investment in 10 years has converted into Rs 29,60,487.94.
HDFC BSE Sensex Index Fund Direct-Growth
The fund has given 14.23 per cent annualised SIP return in the 10-year time frame.
Its AUM is Rs 7,813 crore, while its NAV is Rs 739.34.
Benchmarked against BSE Sensex TRI, the fund has given 13.38 per cent annualised return since its beginning in January 2013.
HDFC BSE Sensex Index Fund Direct-Growth
With an expense ratio of 0.2 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 11,111 monthly SIP investment in 10 years has grown to Rs 29,53,259.18.
Nippon India Index Fund BSE Sensex Plan Direct-Growth
The fund has given 14.21 per cent annualised SIP return the 10-year period.
It has an asset base of Rs 766 crore, while its NAV is Rs 42.02.
Benchmarked against BSE Sensex TRI, the fund has given 13.16 per cent annualised return since its launch in January 2013.
Nippon India Index Fund BSE Sensex Plan Direct-Growth
At an expense ratio of 0.2 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 11,111 monthly SIP investment in 10 years has grown to Rs 29,49,652.65.
HDFC NIFTY 50 Index Direct -Growth
The fund has given 14.21 per cent annualised SIP return in 10 years.
It has a fund size of Rs 18,412 crore, while its unit price is Rs 228.4.
Benchmarked against Nifty 50 Total Return, the fund has given 13.23 per cent annualised return since its inception in January 2013.
HDFC NIFTY 50 Index Direct -Growth
With an expense ratio of 0.25 per cent, the fund has Rs 105 as the minimum SIP and lump sum investment each.
A Rs 11,111 monthly SIP investment in 10 years has grown to Rs 29,49,652.65.