Large fund can be created through SIP in the long term
Common investors of the country are now increasingly turning to mutual fund SIPs. The biggest reason behind this is the bumper returns received from SIP. Common investors invest money in mutual fund SIP only for big returns. Today we are going to tell you about 5 such mutual fund schemes, the SIP started in which made the investors rich. The investment made in these schemes has increased 4 times in 7 years. The special thing is that among these 5 schemes, 3 are small cap funds and one each is mid cap and ELSS fund.
HSBC Small Cap Fund
The SIP investment money started 7 years ago in HSBC Small Cap Fund has grown 3.38 times so far with 23.08 percent XIRR. In this scheme, the total value of SIP of Rs 10,000, which was started 7 years ago, has become Rs 28,14,000 today.
Quant ELSS Tax Saver Fund
The SIP investment money started 7 years ago in Quant ELSS Tax Saver Fund has grown 3.41 times so far with XIRR of 23.22 percent. In this scheme, the total value of SIP of Rs 10,000, which was started 7 years ago, has become Rs 28,64,400 today.
Motilal Oswal Midcap Fund
The SIP investment money started 7 years ago in Motilal Oswal Midcap Fund has grown 3.65 times so far with 24.51 percent XIRR. In this scheme, the total value of SIP of Rs 10,000, which was started 7 years ago, has become Rs 30,66,000 today.
Nippon India Small Cap Fund
The SIP investment money started 7 years ago in Nippon India Small Cap Fund has grown 3.88 times so far with XIRR of 25.65 percent. In this scheme, the total value of SIP of Rs 10,000, which was started 7 years ago, has become Rs 32,59,200 today.
Quant Small Cap Fund
The SIP investment money started 7 years ago in Quant Small Cap Fund has grown 4.19 times so far with XIRR of 27.04 percent. In this scheme, the total value of SIP of Rs 10,000, which was started 7 years ago, has become Rs 35,19,600 today.
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