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    Home SIP Return: Best mutual fund for SIP, made a millionaire in 20 years
    Investment

    SIP Return: Best mutual fund for SIP, made a millionaire in 20 years

    Nisha ChawlaBy Nisha ChawlaMay 24, 2022No Comments3 Mins Read
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    SIP Return: Best mutual fund for SIP, made a millionaire in 20 years
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    SIP is an option to promote investment in the long term. In this, instead of investing lump sum money in a fund, there is a facility of monthly investment.

    Best Mutual Funds for SIP: Mutual funds are a safe way to invest in equities. In this, instead of investing money directly in any stock, mutual fund managers invest money in different stocks, which gives investors the benefit of diversification. However, a more secure way to invest money in mutual funds is Systematic Investment Plan ie SIP. This is a long-term promotion option, in which many of the market risks are reduced. Advisors always talk about running SIP for a long time. This also gives tremendous advantage of compounding.

    Basically, in SIP, investors get the facility of monthly investment instead of investing lump sum money in a fund. There are many such funds, in which investment can be started with a minimum of Rs 100. This is a better approach for small retail investors. They have to invest a fixed amount every month from their savings. In this, they can also review their investments from time to time. On the basis of which the facility to top up or pause the SIP is also available. There are many such schemes in the market, which have made investors millionaires in the long run.

    ICICI Prudential Technology Fund

    SIP return in 20 years: 20% p.a.

    Value of Rs 5000 Monthly SIP: Rs 1.25 crore
    Value of 1 lakh lumpsum investment: Rs 42.37 lakh
    Minimum SIP: Rs 100
    Assets: 8478 crore (as on 30th April, 2022)
    Expense Ratio: 2.03% (as on 30th April, 2022)

    SBI Consumption Opportunities Fund

    SIP return in 20 years: 19% p.a.

    Value of Rs 5000 Monthly SIP: Rs 1.14 crore
    Value of 1 lakh lumpsum investment: Rs 42.43 lakh
    Minimum SIP: Rs 500
    Assets: 953 crore (as on 30th April, 2022)
    Expense Ratio: 2.51% (as on 30th April, 2022)

    Nippon India Growth Fund

    SIP return in 20 years: 19% p.a.

    Value of Rs 5000 Monthly SIP: Rs 1.12 crore
    Value of 1 lakh lump sum investment: Rs 73 lakh
    Minimum SIP: Rs 100
    Assets: 12,178 crore (as on April 30, 2022)
    Expense Ratio: 1.89% (as on April 30, 2022)

    SBI Magnum Global Fund

    SIP return in 20 years: 18.75% per annum

    Value of Rs 5000 Monthly SIP: Rs 1.05 crore
    Value of 1 lakh lumpsum investment: Rs 53 lakh
    Minimum SIP: Rs 500
    Assets: 4953 crore (as on 30th April, 2022)
    Expense Ratio: 2.03% (as on 30th April, 2022)

    ICICI Prudential FMCG Fund

    SIP return in 20 years: 18.53% p.a.

    Value of Rs 5000 Monthly SIP: Rs 1 crore
    Value of 1 lakh lumpsum investment: Rs 41 lakh
    Minimum SIP: Rs 100
    Assets: 908 crore (as on April 30, 2022)
    Expense Ratio: 2.50% (as on 30th April, 2022)

    SBI Large & Midcap Fund

    SIP return in 20 years: 18.22% p.a.

    Value of Rs 5000 Monthly SIP: Rs 1 crore
    Value of 1 lakh lump sum investment: Rs 44 lakh
    Minimum SIP: Rs 500
    Assets: 6599 crore (as on 30th April, 2022)
    Expense Ratio: 2.08% (as on 30th April, 2022)

    (source: value research)

    www.financialexpress.com

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