Top 7 SWP mutual funds that have provided at least Rs 79,000 monthly income for 10 years on Rs 60 lakh investment
Top 7 SWP Mutual Funds in 10 Years: In a SWP, an investor invests a lump sum amount in a mutual fund scheme and tells the mutual fund house to provide monthly income from this investment. The fund house sells net asset value (NAV) units of to provide a fixed amount every month.
Top 7 SWP Mutual Funds in 10 Years: A mutual fund is not just an investment tool to build a corpus, but it can also be used to get a monthly income. The process to get a monthly income through a mutual fund scheme is known as the systematic withdrawal plan (SWP). In a SWP, an investor invests a lump sum amount in a mutual fund scheme and requests the mutual fund house to provide monthly income from this investment. The fund house sells net asset value (NAV) units to provide a fixed amount every month. If the rate of investment growth is much higher than the rate of withdrawal, one can withdraw monthly income for decades, and even after that, there will be most likely a substantial balance. E.g., if their investment is increasing by 10 per cent and they are withdrawing 5 per cent from that, their investment can provide them monthly income for many decades. SWP can be set up in any mutual fund scheme. For our top 7 SWP mutual fund selection, we are taking just aggressive hybrid mutual funds as that is one of the most popular categories for SWP. We will take you through the top 7 aggressive hybrid SWP mutual funds that have provided at least Rs 79,000 in monthly income for 10 years (120 instalments) on an investment of Rs 60 lakh.
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ICICI Prudential Equity Debt Fund Growth
The fund at the top has given 12.22 per cent annualised returns (CAGR) in the 10-year period.
It has assets under management (AUM) of Rs 40,083.8 crore, while its net asset value (NAV) is Rs 383.65.
Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 15.78 per cent annualised returns since its debut in November 1999.
ICICI Prudential Equity Debt Fund Growth
At an expense ratio of 1.59 per cent, the minimum investment in the fund is Rs 5,000.
On Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 11,77,651.
DSP Equity Bond Fund Regular Plan Growth
The fund has given 11.83 per cent annualised returns in the 10 years.
It has an asset base of Rs 10,323 crore, while its NAV is Rs 351.563.
Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 15.09 per cent annualised returns since its inception in May 1999.
DSP Equity Bond Fund Regular Plan Growth
With an expense ratio of 1.75 per cent, the minimum investment in the fund is Rs 100.
On a Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 8,91,812.
SBI Equity Hybrid Fund Regular Plan Growth
The fund has given 11.41 per cent annualised returns in the 10-year time frame.
It has AUM of Rs 73,419.36 crore, while its NAV is Rs 285.8229.
Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 14.32 per cent annualised returns since its beginning in December 1995.
SBI Equity Hybrid Fund Regular Plan Growth
At an expense ratio of 1.4 per cent, the minimum investment in the fund Rs 1,000.
On a Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 5,94,801.
Canara Robeco Equity Hybrid Fund Regular Plan Growth Option
The fund has given 11.4 per cent annualised returns in the 10-year period.
Its AUM is Rs 10,323 crore, while its unit price is Rs 351.563.
Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 13.41 per cent annualised returns since its launch in February 1993.
Canara Robeco Equity Hybrid Fund Regular Plan Growth Option
With an expense ratio of 1.71 per cent, the minimum investment in the fund is Rs 5,000.
On a Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 5,85,454.
HDFC Hybrid Equity Fund Growth Plan
The fund has given 10.99 per cent annualised returns in 10 years.
It has an asset base of Rs 24,651.93 crore, while its unit price is Rs 117.195.
Benchmarked against NIFTY 50 Hybrid Composite Debt 65:35, the fund has given 15.75 per cent annualised returns since its inception in April 2005.
HDFC Hybrid Equity Fund Growth Plan
At an expense ratio of 1.68 per cent, the minimum investment in the fund Rs 100.
On a Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 3,13,086.
Franklin India Equity Hybrid Fund Growth Plan
The fund has given 10.75 per cent annualised returns in the 10-year time frame.
Its AUM is Rs 2,029.68 crore, while its NAV is Rs 268.9086.
Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 14.2 per cent annualised returns since its starting in December 1999.
Franklin India Equity Hybrid Fund Growth Plan
With an expense ratio of 2.1 per cent, the minimum investment in the fund Rs 5,000.
On a Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 1,62,431.
HSBC Aggressive Hybrid Fund Regular Growth
The fund has given 10.69 per cent annualised returns in the 10-year period.
It has AUM of Rs 5,857.39 crore, while its NAV is Rs 55.543.
Benchmarked against NIFTY 50 Hybrid Composite Debt 65:35, the fund has given 13.39 per cent annualised returns since its debut in January 2013.
HSBC Aggressive Hybrid Fund Regular Growth
At an expense ratio of 1.85 per cent, the minimum investment in the fund is Rs 5,000.
On a Rs 60 lakh investment, after providing Rs 79,000 monthly income for 10 years, the balance amount in the fund is Rs 1,24,336.