Mutual Fund – Monthly SIP of Rs 10,000 Becomes Rs 28 lakh – 5 Mutual Funds That Give Best Return – Mutual Fund 2023

April 7, 2023Last Updated: April 7, 2023

A mutual fund is a type of investment vehicle that pools money from multiple investors to purchase a diversified portfolio of securities, such as stocks, bonds, and other financial assets. The investment decisions of the mutual fund are made by a professional fund manager, who uses their expertise to make investment decisions that align with the fund’s investment objectives.

Investors in mutual funds purchase shares of the fund, and the value of those shares rises or falls depending on the performance of the underlying securities held by the fund. Mutual funds offer investors a convenient way to gain exposure to a diversified portfolio of securities, without the need for extensive research or individual stock selection.

Mutual funds come in a variety of types, including equity funds, bond funds, money market funds, and balanced funds. Each type of fund has its unique investment objectives, risks, and potential rewards, and investors should carefully consider their investment goals and risk tolerance before investing in mutual funds.

Systematic Investment Plan (SIP) is a type of investment strategy that is commonly used with mutual funds. It involves investing a fixed amount of money in a mutual fund at regular intervals, such as monthly or quarterly, rather than making a lump sum investment. SIPs allow investors to spread their investments over an extended period, which can help reduce the impact of market volatility on their investment returns.

Also Read…. 5 Steps For a Profitable Mutual Fund Investment

With SIPs, investors can benefit from the power of compounding by reinvesting the returns generated by their mutual fund investments. SIPs are also flexible, allowing investors to adjust their investment amount and frequency based on their investment goals and financial situation.

SIPs can be an effective way for investors to build wealth over the long term, as they can help investors to accumulate a substantial corpus by making regular investments over an extended period. However, investors should carefully consider their investment objectives and risk tolerance before investing in mutual funds through SIPs.

Here are the 5 Mutual Funds That Give Best Return :

1) Axis Long Term Equity Fund

Axis Long Term Equity Fund is an equity-oriented mutual fund scheme that primarily invests in large-cap stocks. It is a tax-saving mutual fund, which means that investments in the fund are eligible for tax benefits under Section 80C of the Income Tax Act.

The fund is managed by Axis Asset Management Company, one of the leading mutual fund houses in India. The investment objective of the fund is to provide long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments.

The fund has a track record of delivering consistent returns over the long term, and has outperformed its benchmark, the S&P BSE 200, over the past few years. The fund has also been recognized with various awards for its performance and investment strategy.

Investors looking to invest in the fund should have a long-term investment horizon and a high risk appetite, as equity investments are subject to market risks. It is advisable to consult with a financial advisor before investing in the fund.

Axis Long Term Equity Fund has grown 17.01% in closing 10 years. The fund tracks the Nifty 500 index. The benchmark return is 12.99 percent. Today`s price of Rs 1 lakh invested on this fund 10 years again is Rs 4.70 lakh. A month-to-month SIP of Rs 10,000 grew to Rs 22.44 lakh.

Also Read…. Best 5 Mutual Funds That Convert 5 Lakh Into 15 Lakh

2) ICICI Prudential Long Term Equity Fund

ICICI Prudential Long Term Equity Fund is an open-ended equity-linked savings scheme (ELSS) that aims to provide long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies across market capitalizations. It is managed by ICICI Prudential Asset Management Company Limited, one of India’s leading mutual fund houses.

The fund has a lock-in period of three years, which means that investments in the fund are eligible for tax benefits under Section 80C of the Income Tax Act. The fund has a track record of delivering consistent returns over the long term and has outperformed its benchmark, the Nifty 500, over the past few years.

The fund’s investment strategy is based on a bottom-up approach, where the fund managers focus on the fundamentals of individual companies and their long-term growth potential. The fund’s portfolio is well-diversified across sectors and market capitalizations, which helps in reducing the overall risk of the portfolio.

Among the ELSS funds, ICICI Prudential Long Term Equity Fund has lower back 15.81% withinside the closing 10 years. The overall performance of the benchmark index Nifty 500 turned into 12.99 percent at some stage in this duration.

An funding of Rs 1 lakh made 10 years in the past has grown to Rs 4.32 lakh. A month-to-month SIP of Rs 10,000 commenced 10 years in the past has grown to Rs 23.76 lakh.

3) Franklin India Tax Field Fund

Franklin India Taxshield Fund is an open-ended equity-linked savings scheme (ELSS) that primarily invests in Indian companies across market capitalizations with the aim of providing long-term capital appreciation and tax savings to its investors. It is managed by Franklin Templeton Asset Management (India) Private Limited, a subsidiary of Franklin Templeton, a global investment management company.

The fund has a lock-in period of three years, which means that investments in the fund are eligible for tax benefits under Section 80C of the Income Tax Act. The fund has a consistent track record of delivering superior returns over the long term and has outperformed its benchmark, the Nifty 500, over the past few years.

Franklin India Tax Field Fund has lower back 15.56% withinside the closing 10 years. The fund tracks the Nifty 500 index. An funding of Rs 1 lakh made 10 years in the past has grown to Rs 4.14 lakh. A month-to-month SIP of Rs 10,000 commenced at some stage in the identical duration grew to Rs 23.08 lakh.

4) Invesco India Tax Plan

Invesco India Tax Plan is an open-ended equity-linked savings scheme (ELSS) that aims to provide long-term capital appreciation and tax savings to its investors. It is managed by Invesco Asset Management (India) Private Limited, one of India’s leading mutual fund houses.

The fund has a lock-in period of three years, which means that investments in the fund are eligible for tax benefits under Section 80C of the Income Tax Act. The fund invests in a diversified portfolio of equity and equity-related instruments of companies across market capitalizations.

The fund has a consistent track record of delivering superior returns over the long term and has outperformed its benchmark, the Nifty 500, over the past few years.

Invesco India Tax Plan has a return of 16.39% withinside the closing 10 years. The return of the benchmark index BSE 500 is 6.27 percentage. An funding of Rs 1 lakh commenced 10 years in the past has grown to Rs 4.56 lakh. A month-to-month SIP of Rs 10,000 has grown to Rs 24 lakh.

5) Bundan Tax Advantage Fund

Birla Sun Life Tax Relief 96 is an open-ended equity-linked savings scheme (ELSS) that aims to provide long-term capital appreciation and tax savings to its investors. It is managed by Aditya Birla Sun Life AMC Limited, one of India’s leading mutual fund houses.

The fund has a consistent track record of delivering superior returns over the long term and has outperformed its benchmark, the S&P BSE 200, over the past few years.

Looking on the 10-year return, the return from the Bundan Tax Fund is eighteen percentage. The fund tracks the BSE 500 index. The return of BSE 500 is 6.27 percentage. Those who invested Rs 1 lakh were given Rs 5.23 lakh. A month-to-month SIP of Rs 10,000 has grown to Rs 28.18 lakh.

Also Read…. The Top 5 Large Cap Mutual Fund

April 7, 2023Last Updated: April 7, 2023