Investment in mutual funds (MFs) is fast rising amongst millennials, because of it helps in developing a portfolio even for people who have not received an enormous amount. SIP (Systematic Investment Plan) in equity schemes has been the favored route to begin the investing journey. Through a SIP, you can make investments a small sum regularly- weekly, month-to-month, quarterly, or bi-annually, as per your comfort. When you spend cash on a mutual fund through SIP, the principal amount retains rising yearly, and so does your return. This is the flexibility of compounding that helps an investor in rising his wealth and turning into rich.
According to a weekly report by SMC Global Securities Ltd., sixteen mutual fund schemes gave over 40% returns throughout the closing 3 years
These 16 Mutual fund schemes gave over 40% returns throughout the closing 3 years
1)Motilal Oswal Midcap Fund – Reg – Growth- 41.90%
2)SBI Magnum Midcap Fund – Growth 40.30 %
3)HDFC Small Cap Fund 48.10%
4)Franklin India Smaller Companies Fund – Growth 45.60%
5)Nippon India Small Cap Fund – Reg – Growth 50.60%
6)Tata Small Cap Fund – Reg – Growth 45.70%
7)Quant Small Cap Fund-Growth 63.70%
8)HSBC Small Cap Fund – Reg – Growth 47.60%
9)Sundaram Small Cap Fund – Reg – Growth 43%
10)Edelweiss Small Cap Fund – Reg – Growth 43.30%
11)ICICI Prudential Smallcap Fund – Growth 47.50%
12)Nifty Smallcap 250 42%
13)S&P BSE SMALL CAP 41.70%
14)Quant Flexi Cap Fund – Growth 41.30%
15)Nippon India Multi Cap Fund – Reg – Growth 41.50%
16)Motilal Oswal Nifty Smallcap 250 Index Fund – Reg – G 40.50%
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Updated: 30 May 2023, 02:54 PM IST
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