SIP Returns: SBI was the first to establish a mutual fund house then. Many government and private mutual fund houses were established after that. It has been more than 35 years, and at present, as many as 44 mutual fund houses are running more than 1,600 of mutual fund schemes.
Power of Rs 1,000 SIP: Running mutual funds were early restricted to government agency- United Trust of India. But the government opened mutual funds to other companies in 1987. SBI was the first to establish a mutual fund house then. Many government and private mutual fund houses were established after that. It has been more than 35 years, and at present, as many as 44 mutual fund houses are running more than 1,600 of mutual fund schemes, as per Securities Exchange Board of India (Sebi) data as on July 31, 2024.
Today, we take you through the top 6 mutual funds in terms of annualised SIP (XIRR) and annualised lump annualised returns (CAGR). We will also tell you the current estimated value of Rs 1,000 monthly SIP in each fund.
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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. The fund’s assets under management (AUM) is Rs 32,971 crore, while its net asset value (NAV) is Rs 4,088.2636.
Benchmarked against NIFTY Midcap 150 TRI, the fund has Rs 100 as the minimum SIP and lump sum investment.
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. It has an asset base of Rs 12,529 crore, while its NAV is Rs 3,075.5827.
Franklin India Prima Fund
Benchmarked against NIFTY Midcap 150 TRI, the fund has Rs 5,000 as the minimum lump sum investment and Rs 500 as the minimum SIP investment.
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.
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. The fund’s AUM is Rs 16,145 crore, while its NAV is Rs 1,362.6380.
Benchmarked against NIFTY 500 TRI, the fund has Rs 500 as the minimum SIP and lump sum investment.
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.
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.
Benchmarked against NIFTY 500 TRI, the fund has Rs 100 as the minimum lump sum and SIP investment.
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. It has an asset base of Rs 17,417 crore, while its NAV is Rs 1,646.7727.
Franklin India Flexi Cap Fund
Benchmarked against NIFTY 500 TRI, the fund has Rs 5,000 as the minimum lump sum investment and Rs 500 as the minimum SIP investment.
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.
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. Its AUM is Rs 4,124 crore, while the size of its NAV is Rs 1,412.3000.
Benchmarked against NIFTY MNC TRI, the fund has a minimum lump sum investment of Rs 1,000 and a minimum SIP investment of Rs 100.
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.