Mutual fund schemes have shown tremendous growth since its inception years. Check calculation of returns on top 6 Mutual Fund schemes over here.
SIP Mutual Fund Calculator: Government has allowed Mutual Funds schemes to work since 1987. Since then many mutual fund companies have been operating in India in last around 36 years. It was not a popular scheme during those days, as Fixed deposit or post office schemes were known to common investors. After the liberalization of 1991 & income growth of middle class, various investors started taking Mutual Fund schemes.
Today, we will take you through the top 6 mutual funds in terms of annualised SIP (XIRR) and annualised lump annualised returns (CAGR).Also take a look at current estimated value of Rs 1,000 monthly SIP in each fund.
Nippon India Growth Fund
The fund has given 23.81 per cent annualised SIP return since its launch in October 1995. During the same time, its lump sum returns (CAGR) are 23.13 per cent.
A Rs 1,000 monthly SIP in the fund in 28 years, or a total investment of Rs 3,36,000, has turned into Rs 2,23,72,796.
Franklin India Prima Fund
The fund has had 21.52 per cent annualised SIP returns and 20.04 per cent lump sum returns since its launch in December 1993.
A Rs 1,000 monthly SIP in the fund since its inception, or Rs 3,60,000 overall, has turned into Rs 2,14,34,686 in 30 years.
HDFC ELSS Tax Saver
The fund has had 22.97 per cent annualised SIP returns and 23.95 per cent lump sum returns since its launch in March 1996.
A Rs 1,000 monthly SIP in the fund since its launch, or Rs 3,36,000 investment overall, has turned into Rs 1,90,72,879 in 28 years.
HDFC Flexi Cap Fund
The fund has given 21.9 per cent SIP returns and 19.28 per cent lump returns since its launch in January 1995. It has AUM of Rs 61,572 crore, while its NAV is Rs 1,871.3090.
A Rs 1,000 monthly SIP, or Rs 3,48,000 investment overall since its launch, has grown to Rs 1,89,90,296 in 29 years.
Franklin India Flexi Cap Fund
The fund has given 20.84 per cent annualised SIP returns and 18.59 per cent annualised lump sum returns since its launch in September 1994.
A Rs 1,000 monthly SIP in the fund since its launch, or Rs 3,48,000 investment overall, has grown to Rs 1,54,01,951 in the 29-year period.
Aditya Birla MNC Fund
The fund has given 19.44 per cent annualised SIP returns and 17.71 per cent annualised lump sum returns since its launch in April 1994.
A Rs 1,000 monthly SIP in the fund in 30 years, or a total investment of Rs 3,60,000 since its launch, has tuned into Rs 1,39,54,324.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)