Top 7 Mutual Funds With Best SIP Returns in 1 Year: Rs 33,333 monthly SIP investment in No. 1 fund has generated Rs 5,12,069; know more details
Top 7 Mutual Funds With Best SIP Returns in 1 Year: As Year 2024 is about to come to an end, let's have a look at which mutual fund schemes made investors richer the most this year. Also know which mutual fund category has the most number of funds in the top 7 list.
Top 7 Mutual Funds With Best SIP Returns in 1 Year: The charm of mutual fund investment through systematic investment plans (SIPs) is gaining strength. Most investors find it convenient to invest a fixed amount every month through SIP as it gives them the freedom to plan investment in a structured manner in their fixed salary. Even as the year 2024 is full of ups and downs for the share market and the benchmark Nifty 50 rose just 8.10 per cent this year, many equity mutual funds buck the trend and gave over 44 per cent annualised SIP return (XIRR). Here, we take you through top 7 mutual funds with highest SIP returns this year. Also see how a Rs 33,333 monthly SIP investment in each fund has performed.
Photos: Unsplash/Pixabay
Motilal Oswal Midcap Fund - Direct Plan
The fund has given 55.66 per cent annualised SIP return in the 1-year time frame.
It has assets under management (AUM) of Rs 22,898 crore, while its net asset value (NAV) is Rs 128.5415.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 26.52 per cent annualised return since its inception in February 2014.
Motilal Oswal 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 33,333 monthly SIP investment in 1 year, or a total investment of Rs 3,99,996, has converted to Rs 5,12,069.
Motilal Oswal Large and Midcap Fund - Direct Plan
The fund has given 44.17 per cent annualised SIP return in the 1-year period.
It has an asset base of Rs 7,710 crore, while its NAV is Rs 37.4526.
Benchmarked against NIFTY Large Midcap 250 TRI, the fund has given 28.86 per cent annualised return since its starting in October 2019.
Motilal Oswal Large and Midcap Fund - Direct Plan
With an expense ratio of 0.48 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 33,333 monthly SIP investment in the 1-year period has grown to Rs 4,90,035.
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan
The fund has given 43.3 per cent annualised SIP return in the 1-year period.
It has AUM of Rs 5,045 crore, while its NAV is Rs 42.7600.
Benchmarked against BSE Healthcare TRI, the fund has given 25.17 per cent annualised return since its debut in July 2018.
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan
At an expense ratio of 1.09 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 33,333 monthly SIP investment in the 1-year period has grown to Rs 4,88,355.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund has given 41.43 per cent annualised SIP return in 1 year.
It has an asset base of Rs 4,187 crore, while its unit price is Rs 62.7627.
Benchmarked against NIFTY 500 TRI, the fund has given 20.28 per cent annualised return since its launch 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 33,333 monthly SIP investment in the 1-year period has grown to Rs 4,84,722.
SBI Magnum Children's Benefit Fund - Investment Plan - Direct Plan
The fund has given 37.26 per cent annualised SIP return in the 1-year time frame.
It has AUM of Rs 2,962 crore, while its NAV is Rs 45.1332.
Benchmarked against CRISIL Hybrid 35+65 Aggressive Index, the fund has given 42.50 per cent annualised return since its debut in September 2020.
SBI Magnum Children's Benefit Fund - Investment Plan - Direct Plan
With an expense ratio of 0.80 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 33,333 monthly SIP investment in the 1-year period has grown to Rs 4,76,545.
Invesco India Mid Cap Fund - Direct Plan
The fund has given 39.57 per cent annualised SIP return in the 1-year time frame.
It has AUM of Rs 5,863 crore, while its NAV is Rs 206.0900.
Benchmarked against BSE 150 MidCap TRI, the fund has given 22.69 per cent annualised return since its debut in January 2013.
Invesco India Mid Cap 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 33,333 monthly SIP investment in the 1-year period has grown to Rs 4,81,090.
Tata India Pharma & Healthcare Fund - Direct Plan
The fund has given 36.66 per cent annualised SIP return in 1 year.
It has a fund size of Rs 1,214 crore, while its unit price is Rs 36.4010.
Benchmarked against NIFTY Pharma TRI, the fund has given 15.41 per cent annualised return since its inception in December 2015.
Tata India Pharma & Healthcare Fund - Direct Plan
At an expense ratio of 0.69 per cent, the fund has Rs 100 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment each.
A Rs 33,333 monthly SIP investment in the 1-year period has grown to Rs 4,75,368.