Mutual Fund SIP (Systematic Investment Plan) is an investment option. It helps an investor to avoid the volatility of equity markets by eliminating the worry of the right time to start investing. Its compounding benefit feature is one such attraction that comes with it. Gives better returns to the long term investors. There are few Equity Mutual Fund schemes which have outperformed the Index returns by a huge margin to give good returns to their investors. PGIM India Midcap Opportunities Fund – Direct Plan-Growth Plan (PGIM India Midcap Opportunities) Fund – Direct Plan-Growth) is one such mutual fund plan.
This mid-cap fund was started on 2nd December 2013 and has given 355 per cent absolute return on lump sum investment since its inception. Whereas the average return of this category during this period is only 17.55 percent. For lumpsum investors, this plan has given returns of around 32.50 percent. This return is much higher than the 19 percent return given by the Nifty 50 index.
SIP returns on mutual funds were strong
You can also invest in this mutual fund in SIP mode. An investor can start investing in PGIM India Midcap Opportunities Fund – Direct Plan-Growth plan with a minimum monthly investment of Rs.1000. This Mutual Fund mid-cap plan has given great returns to its investors investing in SIP mode. In the last one year, this mutual fund scheme has given returns of 6.85 percent to SIP investors. Whereas the annual return during this period has been 12.98 percent.
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11.98 lakh in 5 years on SIP of 10,000
According to Value Research data, if an investor had invested ₹10,000 per month in the SIP plan of this mutual fund, his monthly investment of ₹10,000 would have grown to ₹1.25 lakh in a year, while it would have been ₹6.49 lakh in 3 years. go. On the other hand, if an investor had invested ₹ 10,000 per month in this mutual fund SIP plan 5 years ago, then his monthly investment of ₹ 10,000 would have become 11.98 lakhs today.
Value Research has given a 5-star rating to this Mid-Cap Mutual Fund plan.
Apart from PGIM India Midcap Opportunities Fund – Direct Plan-Growth there are few other mid-cap funds which have given alpha returns to their investors. Edelweiss Mid Cap Direct, HDFC Mid-Cap Opportunities Direct and ICICI Prudential Midcap Direct are among them.
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