Investing in Mutual Funds can also be a good option for good returns. It gives high returns in the long run, but in some funds, the investor gets good returns in a short period of time. Still, investors are advised to choose a strong fund and stay invested for a long time, only then will get the benefit of good returns.
On the other hand, Canara Robeco Small Cap Fund – Direct Plan is one such mutual fund plan which has given astonishing returns from investors since February 2019. This mutual fund has given annual returns of more than 32 percent in the last 3 years. Those investing Rs 10,000 every month during this period have got Rs 6.31 lakh.
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This fund plan was launched on 15 February 2019. Since then this plan has given 28.65 percent annualized return and 131.4 percent absolute return. Whereas in the last one year the investors got more than 20.25 per cent return, while in the last 2 years the annual return of around 59.50 per cent and absolute return of more than 155 per cent. Similarly, in the last 3 years, investors have got annual returns of more than 32 percent and absolute returns of about 130.70 percent.
What will be SIP calculation
If an investor had started a monthly SIP of Rs 10,000 in this fund a year ago, then Rs 10,000 monthly would have become Rs 1.19 lakh. Whereas 2 years ago on a monthly SIP of Rs 10,000, he would have got Rs 3.37 lakh today. Similarly, if an investor had invested Rs 10,000 every month in this mutual fund scheme 3 years ago, then his Rs 10,000 would have turned into 6.31 lakh today.
These funds also got good returns
Apart from Canara, there are few other mutual fund schemes including L&T Emerging Businesses Fund Direct Plan, IDBI Small Cap Fund Direct Plan, Axis Small Cap Fund Direct Plan and ICICI Prudential Small-Cap Fund Direct Plan. These funds have also given excellent returns to their investors over the years.