Top Funds nearly doubles the investment value in 5 years..!?

Sowmiya Sriram
Top Funds nearly doubles the investment value in 5 years..!?
How to save and grow money is something that many people doubt. For those who are not interested in investing directly in the stock market, there is a great way to enjoy its benefits indirectly. That is SIP investments. SIP investments accrue profits to investors in the form of compound interest. Thus, even a small monthly contribution will bring huge profits to the investors. In this post, we are going to look at the details of one such fund. sbi Mutual Fund is one of the largest asset management companies in India. It offers several mutual fund schemes to investors. Many of them are performing well in terms of annualized SIP returns (XIRR). In this article, sbi SIP Mutual Fund, which is most preferred by investors, will get Rs. 10,000 and Rs. 20,000 invested in SIP mode for 5 years, let's see how much you will get.
 SBI PSU Mutual Fund: This mutual fund has topped the list with annual SIP returns of 41.50 percent over a 5-year investment period. Asset Value (AUM) under this fund is Rs. 3,071 crore. Its NAV is Rs. is 35.72. Launched in january 2013, the fund has returned 13.36 percent since inception. The expense ratio of the PSU Fund is 0.82 percent. In this sbi PSU Mutual Fund, a minimum of Rs. 500 onwards can be invested. At the same time, if you want to invest a lump sum in the fund, the minimum amount is Rs.5,000. Company shares that gave profits to mutual fund investors..! The fund has 89.91 percent of its investments in equities. 44.15 percent of them are in large-cap funds. If a monthly SIP of Rs 10,000 is invested in the fund over 5 years or a total investment of Rs 6 lakh, it will turn out to be Rs 16.37 lakh over a period of 5 years. Similarly, if a monthly SIP investment of Rs.20,000 is made in the fund over 5 years or a total of Rs. 12 lakhs invested, in 5 years it would have turned into Rs.32.74 lakhs. However, the past performance of the fund does not necessarily mean that it will deliver the same level of performance in the future. So before investing in any investment schemes, consult your financial advisor.

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