This diwali walk on the road to crorepati with these SIP's - YP Buzz Finance

 YP Buzz - 

        Diwali is a great time to start a new investment as it is thought that the investments made on this day are profitable and bring good profits in the future. If your goal is to create wealth for long-term goals such as retirement, children's education or marriage then there will be no better idea than creating a formal investment plan (SIP) in the equity mutual fund. Equity mutual funds have a proven track record of creating wealth in the long run. 

   

                                
SIP

If you are also planning to start a new SIP in a co-fund scheme this Diwali then here are five fund options that have increased investments of Rs 10 lakh to more than Rs 1 crore over 10 years. What I should say here is that the previous operation of the mutual fund scheme is not an indication of its future performance.


1) The ICICI Prudential Technology Fund, which invests heavily in technology stocks, has delivered an annual return of 25.19% over the past 10 years. A large part of these returns came about a year ago as technology companies benefited from the digitalization of global companies affected by the epidemic. According to Valuereserach, Rs 10 lakh was invested in the fund on November 2, 2011, now costing Rs 94.76 lakhs. The fund is performing well in terms of its class rate with a wider 11% rate over the past 10 years.


2) The SBI Smallcap Fund is one of the key funds of the SBI Mutual Fund with a net assets (AUM) of Rs 10,191 crore. This has brought back 25.50% annual return over the past 10 years. That is, the investment of Rs 10 lakh in the fund on November 2, 2011, would be Rs 97.12 lakh from now on. Although this fund has not performed well for its peers in the small income sector in the past, the long-term benefits of this fund are very good.


3) The Nippon India Small Cap has done much better than any of its predecessors. In the past one year, the fund has achieved a return of 101.22% compared to the dividend rate of 97.72%. With AUM of Rs 17,282 crore as per the latest update, the fund has brought 24.73% annual profits over the past 10 years. The amount of Rs 10 lakh invested in the fund on November 2, 2011, now costs Rs 91.30 lakh. It has always been among the top few in its category at all times.


4) The Mirae Asset Emerging Bluechip Fund, which is part of the major and middle class, is one of the most efficient investments of all time. Over the past one year, the fund has generated 67.60% returns compared to its 65.19% profit margin. Over the past 10 years, the fund has achieved an annual return of 24.78% compared to its dividend rate of 16.64%. The Rs 10 lakh invested in the fund on November 2, 2011, now costs Rs 91.65 lakh.


5) The Aditya Birla Digital India Fund is one of the technology bags that has always brought high benefits in the long run. Over the past 10 years, it has delivered a CAGR of 22.30%. The total amount of Rs 10 lakh which is the total investment in the fund made on November 2, 2011, is now Rs 74.97 lakh. Restoration is even better in SIP mode. It has managed to deliver 26.24% of annual returns on SIPs over the past 10 years. The monthly investment of Rs 10,000 in the program would grow to Rs 48.30 lakh more from now.


Thanks & Regards

 YP Buzz

Post a Comment

0 Comments

-->