Top 3 Mutual Funds: If you want to secure your future and earn substantial returns over time, this news is for you. There are numerous investment options available in the country that can yield impressive returns. We are focusing here on mutual fund SIPs—or systematic investment plans. This is an excellent investment avenue that allows for consistent, scheduled investments, enabling you to build significant wealth over the long term.
In this article, we discuss five equity mutual fund SIPs that have delivered long-term returns ranging from 19.8% to 24.6%. You can start a monthly SIP with an amount as small as the cost of a cup of tea; for instance, if a cup of tea costs ₹10, you could invest ₹300 a month. You can begin an SIP with a minimum monthly investment of ₹100. Let’s take a look at these five funds and their returns.
Returns from Quant ELSS Tax Saver
With the Quant ELSS Tax Saver, you can start an SIP with a minimum investment of ₹500. Its current Net Asset Value (NAV) is ₹117.89, and it has delivered a return of 19.8% over the last 10 years.
10-Year Returns from Union Small Cap
If you invest in the Union Small Cap fund via SIP for 10 years, it offers investors a return of 20%. The minimum investment required is ₹1,000, and its current NAV stands at ₹66.09.
Returns offered by Invesco India Mid Cap
Regarding Invesco India Mid Cap, you can start an SIP with as little as ₹100. Its current NAV stands at ₹232.6. Over the past 10 years, it has delivered a return of 20.2% to its SIP investors.
Disclaimer: Investors are advised to consult a qualified expert before making any investment decisions regarding SIPs, as stock market conditions can change rapidly.