Mutual fund SIP investors make a killing with monthly investment of just Rs 20,000

May 05, 2024, 10:34:17 AM IST

Around 10 equity mutual funds turned Rs 20,000 monthly SIP investments to Rs 1 crore in 10 years, according to data by ACE MF. There were around 96 equity schemes in the market that have completed 10 years of presence.

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Toppers from Quant Mutual Fund

Two schemes – Quant Small Cap Fund and Quant ELSS Tax Saver Fund – turned monthly SIP of Rs 20,000 to Rs 1.04 crore and Rs 95.38 lakh respectively. The schemes offered an XIRR of 27.73% and 26.04% respectively.

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Nippon India Small Cap Fund

Nippon India Small Cap Fund, the largest scheme in the smallcap category based on assets managed, turned the monthly SIP to Rs 93.64 lakh in the period. The scheme offered an XIRR of 25.7% in the last 10 years.

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Quant Mid Cap Fund would have turned Rs 20,000 monthly SIP to Rs 89.15 lakh with an XIRR of 24.79% in the last 10-year period.

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Three from smallcap

Three small cap funds – SBI Small Cap Fund, HSBC Small Cap Fund, and HDFC Small Cap Fund – turned Rs 20,000 monthly SIP to Rs 78.73 lakh, Rs 77.47 lakh, and Rs 76.54 lakh respectively in the last 10 years.

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Motilal Oswal Midcap Fund

The scheme turned a monthly SIP of Rs 20,000 to Rs 75.72 lakh in the last 10 years. The scheme offered an XIRR of 21.77% in the same period.

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Other schemes in the list

The other schemes in the list gave an XIRR ranging between 11.73% – 21.49%. These schemes turned Rs 20,000 monthly SIP between Rs 44.14 lakh to Rs 74.60 lakh in the last 10 years.

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Also look for your risk appetite, investment horizon, and goal before making investment decisions. Past performance does not guarantee future returns.

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