Top 7 SWP mutual funds that have given Rs 1 lakh monthly income for 10 years on Rs 1 crore investment and still has at least Rs 1 crore in balance
Top 7 SWP Mutual Funds in 10 Years: In SWP, you invest a lump sum amount and withdraw money monthly. The advantage of it is that while you are withdrawing your money, it also grows with time. So, if your rate of withdrawal is lower than the rate of growth, you can withdraw money for decades, and your money is likely to grow even then.
Top 7 SWP Mutual Funds in 10 Years: We invest in mutual funds through systematic investment plan (SIP) or lump sum. When we invest through SIP, we deposit a fixed amount, or opt for a step up SIP, where we increase the investment amount at regular intervals. But sometimes, when we have a large sum, don't need that money immediately, and want it in phases, we can do it through a systematic withdrawal plan (SWP). In the SWP pension, you invest a lump sum amount and withdraw money monthly. The advantage of it is that while you are withdrawing your money, it also grows with time. So, if your rate of withdrawal is lower than the rate of growth, you can withdraw money for decades, and your money is likely to grow even then. When we opt for the SWP option, we allow the mutual fund house to sell our fund's net asset value (NAV) of a certain value every month. When the market is up and the rate of NAV is high, the market sells fewer NAVs compared to when the market is low and the NAV price is lower. Here, we will tell you about 7 aggressive hybrid funds that have given Rs 1 lakh monthly income for 10 years (120 instalments in total) on a Rs 1 crore investment. Due to their growth, despite withdrawing Rs 1.20 crore in phases in 10 years, each fund still has a balance of at least Rs 1 crore.
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ICICI Prudential Equity & Debt Fund - Growth
The fund at the top has given 14.92 per cent annualised return in 10 years. The fund had Rs 37,028.63 crore of assets under management (AUM) as of June 30, 2024, while its NAV is Rs 368.74 as on August 14, 2024.
ICICI Prudential Equity & Debt Fund - Growth
Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 15.66 per cent annualised return since its inception in November 1999.
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,40,64,379 in balance.
Quant Absolute Fund - Growth Option - Regular Plan
The fund has given 14.44 per cent annualised return in 10 years. It has an asset base of Rs 2,207.91 crore, while its NAV price is Rs 429.5158. Benchmarked against CRISIL Hybrid 35+65 Aggressive Index, the fund has given 17.42 per cent since its launch in March 2001.
Quant Absolute Fund - Growth Option - Regular Plan
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,30,80,874 in balance.
DSP Equity & Bond Fund- Regular Plan - Growth
The fund has had a 13.56 per cent annualised return in the 10-year time frame. It has AUM of Rs 9,697.89 crore, while its NAV price is Rs 333.055. Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 14.9 per cent annualised return since its launch in May 1999.
DSP Equity & Bond Fund- Regular Plan - Growth
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,13,83,767 in balance.
HDFC Hybrid Equity Fund - Growth Plan
The fund has given 13.2 per cent annualised returns in the 10-year period. The fund has an asset base of Rs 24,097.61 crore, while its NAV is worth Rs 112.553. Benchmarked against NIFTY 50 Hybrid Composite Debt 65:35, the fund has given 15.62 per cent annualised return since its launch in April 2005.
HDFC Hybrid Equity Fund - Growth Plan
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,07,77,477 in balance.
Canara Robeco Equity Hybrid Fund - Regular Plan - Growth Option
The fund has had a 13.16 per cent annualised return in the 10-year time frame. It has an asset base of Rs 10,630.59 crore, while its NAV is worth Rs 343.1. Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 13.18 per cent annualised return since its launch in February 1993.
Canara Robeco Equity Hybrid Fund - Regular Plan - Growth Option
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,06,66,289 in balance.
SBI Equity Hybrid Fund - Regular Plan -Growth
The fund has given 12.95 per cent annualised return in 10 years. It has AUM of Rs 71,500.57 crore, while its NAV price is Rs 271.6998. Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has had a 14.17 per cent annualised return since its launch in December 1995.
SBI Equity Hybrid Fund - Regular Plan -Growth
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,02,93,635 in balance.
Franklin India Equity Hybrid Fund - Growth Plan
The last fund in the list has given 12.80 per cent annualised return in the 10-year period. It has an asset base of Rs 1,901.46 crore, while its NAV is Rs 259.7097. Benchmarked against CRISIL Hybrid 35+65 Aggressive TRI, the fund has given 14.1 per cent annualised return since its launch in December 1999.
Franklin India Equity Hybrid Fund - Growth Plan
After withdrawing Rs 1 lakh per month for 10 years, an investor with a Rs 1 crore investment in the fund still has Rs 1,00,38,602 in balance.