18.1 C
Delhi
Wednesday, October 27, 2021

Mutual Fund: Scheme to double money in 5 years, returns up to 15% annually

Mutual Fund: If your investment target is long-term, then experts often recommend investing in mutual funds. If you are refraining from investing directly in equity, then mutual funds are a good option for high returns. There is less risk than equity, while returns are higher than fixed income scheme. Mutual fund schemes of the same period can offer double to 3 times the returns of traditional investment options like FD and NSC. Where it takes 11 to 12 years for money to double in FD or NSC, in some schemes of equity mutual funds, your money has doubled in half of its time. We have given information of some such top equity funds here. These have seen the performance of largecap, multicap, large and midcap, midcap and smallcap funds.

Mirae Asset Emerging Bluechip Fund

5 year return: 15% annually
Value of 1 lakh in 5 years: 2 lakh rupees
Value of 5 thousand monthly SIP: Rs 4.14 lakh
Minimum outright investment: Rs 5000
Minimum SIP: Rs 1000 Monthly

Launch Date: January 1, 2013
Return since launch: 21.30%
Asset: 11,466 crore (September 30, 2020)
Expense Ratio: 0.79% (September 30, 2020)
Risk: Less than average

Service charge and chequebook rules are changing in Bank of Baroda from November 1, know the details before the transaction

SBI Smallcap Fund

5 year return: 14% annually
Value of 1 lakh in 5 years: 1.93 lakh rupees
Value of 5 thousand monthly SIP: Rs 4.06 lakh
Minimum outright investment: Rs 5000
Minimum SIP: Rs 500 Monthly

Launch Date: January 1, 2013
Return since launch: 22.74%
Asset: 5321 Crore (September 30, 2020)
Expense Ratio: 0.96% (September 30, 2020)
Risk: Less than average

IIFL Focused Equity Fund

5 Year Return: 13.40% pa
Value of 1 lakh in 5 years: 1.88 lakh rupees
Value of 5 thousand monthly SIP: Rs 4.19 lakh
Minimum outright investment: Rs 5000
Minimum SIP: Rs 1000 Monthly

Launch Date: October 30, 2014
Return since launch: 12.47%
Asset: 963 Crore (September 30, 2020)
Expense Ratio: 0.90% (September 30, 2020)
Risk: Average

Axis Focused 25 Fund

5 year return: 13% annually
Value of 1 lakh in 5 years: 1.84 lakh rupees
Value of 5 thousand monthly SIP: 4 lakh rupees
Minimum outright investment: Rs 5000
Minimum SIP: Rs 500 Monthly

Launch Date: January 1, 2013
Return since launch: 14.30%
Asset: 11,455 crore (September 30, 2020)
Expense Ratio: 0.67% (September 30, 2020)
Risk: Less than average

Home and car loans of Bank of Baroda became cheaper, Bank reduced repo rate related interest rates

Canara Robeco Emerging Equities Fund

5 year return: 12% annually
Value of 1 lakh in 5 years: 1.76 lakh rupees
Value of 5 thousand monthly SIP: Rs 3.9 lakh
Minimum outright investment: Rs 5000
Minimum SIP: Rs 1000 Monthly

Launch Date: January 2, 2013
Returns since launch: 19.21%
Asset: 5,987 crore (September 30, 2020)
Expense Ratio: 0.76% (September 30, 2020)
Risk: Average

(Note: We have given information here based on the performance of the mutual fund. It is not investment advice. Considering the risk of the market, consult the experts before investing.)

Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Latest news
- Advertisement -
Related news
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here