Top MF Scheme for SIP: Everyone wants to become rich by investing money in the market. But it is not easy until the right scheme for investment is chosen. Returns can be achieved by investing money in equity, but investing money directly in it is risky.
In such a situation, mutual funds are a better option for investors. Mutual fund SIPs are considered safe and high returns for long-term investments. There are many such funds in the market, which have also made investors millionaires by investing a small amount through SIP. Here we have given information about 5 such schemes, in which investors have got more than Rs 1 crore by investing Rs 5000 monthly. Of these, the CAGR return of 20 years has been up to 22.5%. All these schemes are giving better returns even today.
ICICI Prudential Technology Fund
Those doing SIP in ICICI Pru Technology Fund have got 22.5% CAGR return in 20 years. Here Rs 1.65 crore has been received in 20 years by doing a monthly SIP of Rs 5000 in 20 years. SIP can be started in this fund with even Rs 100. The total assets of the fund house as on 31st August is 5037 crores.
Nippon India Growth Fund
Those doing SIP in Nippon India Growth Fund have got 22% CAGR return in 20 years. Here, by doing a monthly SIP of Rs 5000 in 20 years, Rs 1.55 crore has been received in 20 years. SIP can be started in this fund with even Rs 100. The total assets of the fund house as on August 31 is 11,322 crore
SBI Magnum Global Fund
SBI Magnum Global Fund has also made investors rich. The fund’s SIP returns have been 21% CAGR over 20 years. Here Rs 1.95 crore has been received in 20 years by doing a monthly SIP of Rs 5000 in 20 years. SIP can be started in this fund with even Rs 500. The total assets of the fund house as on August 31 is 5,350 crore. (PTI)
DSP Flexi Cap Fund
DSP Flexi Cap Fund has also made investors millionaires. The fund’s SIP returns have been 20% CAGR over 20 years. Here, by doing a monthly SIP of Rs 5000 in 20 years, Rs 1.25 crore has been received in 20 years. SIP can be started in this fund with even Rs 500. The total assets of the fund house as on 31st August is 6,744 crores. (image: pixabay)
SBI Large & Midcap Fund
Those doing SIP in SBI Large & Midcap Fund have got 19.5% CAGR return in 20 years. Here Rs 1.18 crore has been received in 20 years by doing a monthly SIP of Rs 5000 in 20 years. SIP can be started in this fund with even Rs 500. The total assets of the fund house as on August 31 is Rs 4,985 crore. (PTI)
