These 5 mutual fund schemes made people rich
The real fun of mutual fund SIP comes only in the long term. The longer the time invested in SIP, the more money you will get. However, there are many mutual fund schemes which have increased SIP investments by more than 2.5 times in the last 5 years. Here we will tell you about those 5 mutual fund schemes, which have increased the investment made by investors through SIP by more than two and a half times in the last 5 years. The special thing is that among these schemes all are mid cap and small cap schemes and there is no large cap scheme among them.
Tata Small Cap Fund
Tata Small Cap Fund increased its SIP investment to 2.51 times in the last 5 years. If a SIP of Rs 10,000 had been done in this scheme 5 years ago, then today its value would have been Rs 15.07 lakh with XIRR of 37.87 percent.
Bank of India Small Cap Fund
Bank of India Small Cap Fund has increased SIP investments by 2.54 times in the last 5 years.
Nippon India Small Cap Fund
Nippon India Small Cap Fund has grown SIP investments by 2.73 times in the last 5 years. In this scheme, the value of SIP of Rs 10,000 started 5 years ago would have been Rs 16.35 lakh today with XIRR of 41.42%.
Motilal Oswal Mid Cap Fund
Motilal Oswal Midcap Fund has grown SIP investments by 2.75 times in the last 5 years. In this scheme, the value of SIP of Rs 10,000 started 5 years ago would have been Rs 16.52 lakh today with an XIRR of 41.89%.
Quant Small Cap Fund
Quant Small Cap Fund has grown SIP investments by 3.15 times in the last 5 years. The value of SIP of Rs 10,000 in this scheme started 5 years ago would have been Rs 18.89 lakh today with XIRR of 47.81%.
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