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Mutual Fund: Here’s how you can convert SIP of Rs 10,000 into Rs 12 lakh in 5 years

Here is the list of 3 such mutual funds which are 5-star rated and had changed SIP of Rs 10,000 to Rs 12 lakh in 5 years.

Mutual funds

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Mutual funds

One of the most common financial products in India is mutual funds, which have attracted millions of investors. A mutual fund systematic investment plan (SIP) makes it simple for investors to make a monthly payment and watch their money increase over time.

Investors receive returns that are comparable to those from stock investments because mutual fund assets are connected to equity markets. However, this implies that you run the danger of losing money if bearish trends occur and your assets are also exposed to market hazards.

Investors are therefore recommended to continue making mutual fund investments for longer periods of time. Prior to investing, you can select your mutual fund goals. This practice guarantees continual growth for your finances.

Financial experts also agree that the way to make the most out of equity mutual funds is to stay in them for the long term and double-triple your investments by taking advantage of compounding. Here is the list of 3 such mutual funds which are 5-star rated and had changed SIP of Rs 10,000 to Rs 12 lakh in 5 years.

PGIM India Midcap Opportunities Fund Direct-Growth

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PGIM India Midcap Opportunities Fund Direct-Growth

PGIM India Midcap Opportunities Fund Direct-Growth launched on December 2, 2013. This 5-star Fund had an AUM of Rs 6614 crores as on June 30, 2022. Its benchmark is Nifty Midcap 150. The fund has given an annual return of 31.40 percent in the last five years. If someone had started a SIP of Rs 10,000 for this period, he would have gotten Rs 12.96 lakh by now.

 

 

Quant Mid Cap Fund Direct-Growth

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Quant Mid Cap Fund Direct-Growth

Quant Mid Cap Fund Direct-Growth--This fund was started on January 1, 2013. It has an AUM of Rs 621 crore as of September 9. The fund has given a return of 23.65 percent in the last year while its annual average return since inception has been 17.46 percent. It has given an annual return of 30.97 percent in five years, so if the refund had converted a SIP of Rs 10,000 into Rs 12.83 lakh during this period.

 

Quant Active Fund Direct-Growth

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Quant Active Fund Direct-Growth

Quant Active Fund Direct-Growth-- This fund was also started on January 1, 2013. Morningstar has given it a 5-star rating. The fund has an Asset Under Management (AUM) of Rs 2,644 crore as on June 30, 2022. Its benchmark is the Nifty 500 Multicap. It has an average annual growth rate of 21.08 percent and has given a return of 14 percent in the last year. If a SIP of Rs 10,000 had been started in it 5 years ago, today this amount would have been Rs 12.72 lakh. The fund has given an annual return of 30.62 percent in these five years. 

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