Equity is such an option of investment, in which your money can double triple in a short time. But many people avoid investing money directly in equities. A safe option for them is to invest in equity through mutual funds.
Equity is such an option of investment, in which your money can double triple in a short time. But many people avoid investing money directly in equities. A safe option for them is to invest in equity through mutual funds. Systematic Investment Plan ie SIP in mutual funds has become very popular in today’s era. With SIP, you get the facility to invest money on a monthly basis instead of investing a lump sum amount. You can invest a fixed amount every month through this. The timeframe can be as per the target set by you. In this you can also assess your investment from time to time.
If you are going to invest in any mutual fund, then only the past returns of that scheme should not be made the basis. Rather, the rating of that fund should also be seen. If the rating of the mutual fund is strong, then the risk in that scheme is low. On the other hand, if the rating is good, the chances of getting higher returns also increase. Here we have selected a few schemes with 5 star rating given by Value Research, which have given high returns on lump sum investment or SIP in 5 years.
Quant Tax Plan
Return on lump sum investment in 5 years: 25% p.a.
Value of Rs 1 lakh in 5 years: Rs 3 lakh
Return on SIP in 5 years: 33% p.a.
Value of Rs 5000 Monthly SIP in 5 years: Rs 6.7 lakh
A lump sum investment can be made in this fund with a minimum of Rs 500. At the same time, SIP can be started with only Rs 500. The total assets of the fund as on 31 January 2022 was Rs 789 crore. Whereas the expense ratio was 0.57 percent till 31 December 2021.
Axis Small Cap Fund
Return on lump sum investment in 5 years: 23% p.a.
Value of Rs 1 lakh in 5 years: Rs 2.8 lakh
Returns in 5 years on SIP: 28.5% p.a.
Value of Rs 5000 Monthly SIP in 5 years: Rs 6 lakh
A lump sum investment can be made in this fund with a minimum of Rs 5000. At the same time, SIP can be started from Rs 500. The total assets of the fund as on 31 January 2022 was Rs 8411 crore. Whereas the expense ratio was 0.36 percent till 31 December 2021.
PGIM India Midcap Opportunities
Return on lump sum investment in 5 years: 22% p.a.
Value of Rs 1 lakh in 5 years: Rs 2.68 lakh
Return on SIP in 5 years: 31% p.a.
Value of Rs 5000 Monthly SIP in 5 years: Rs 6.3 lakh
A lump sum investment can be made in this fund with a minimum of Rs 5000. At the same time, SIP can be started from 1000 rupees. The fund’s total assets as on 31 January 2022 was Rs 4363 crore. Whereas the expense ratio was 0.42 percent till 31 December 2021.
Mirae Asset Tax Saver
Return on lump sum investment in 5 years: 21% p.a.
Value of Rs 1 lakh in 5 years: Rs 2.57 lakh
Returns in 5 years on SIP: 22.5% p.a.
Value of Rs 5000 Monthly SIP in 5 years: Rs 5.2 lakh
A lump sum investment can be made in this fund with a minimum of Rs 500. At the same time, SIP can be started from Rs 500. The total assets of the fund as on January 31, 2022 was Rs 10,972 crore. Whereas the expense ratio was 0.41 percent till 31 December 2021.
BOI AXA Tax Advantage
Return on lump sum investment in 5 years: 20% p.a.
Value of Rs 1 lakh in 5 years: Rs 2.49 lakh
Return on SIP in 5 years: 22% p.a.
Value of Rs 5000 Monthly SIP in 5 years: Rs 5.2 lakh
A lump sum investment can be made in this fund with a minimum of Rs 500. At the same time, SIP can be started from Rs 500. The total assets of the fund as on 31 January 2022 was Rs 546 crore. Whereas the expense ratio was 1.57 percent till 31 December 2021.
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