Financial Planning With SIP: Mutual funds are a popular choice for future investments.
Financial Planning With Mutual Fund SIP: Sudhir, 35, has set a target of raising Rs 1.5 crore in 20 years while financial planning for his future. In this, after 20 years, he aims to have a fund for his retirement. He has made up his mind to invest 5 thousand rupees every month for 20 years from now. Ritesh has been advised by a fund advisor to invest in mutual funds through SIP. Now the question arises whether the target of raising 1.5 crore from 5 thousand monthly SIPs will be completed in 20 years.
Mutual funds are a popular choice for future investments. At the same time, mutual fund SIP also gives investors the facility to invest on a monthly basis instead of making a lump sum investment. The advantage of this is that you can assess your investment from time to time and continue SIP or reduce it on the same basis. At present, there are many better funds in the capital market, who have given tremendous returns to investors over a long period. We have given the information of the top fund based on the performance of 20 years here.
1. Nippon India Growth Fund
SIP Return in 20 years: 21%
Value of 5 thousand Monthly SIP in 20 years: 1.45 crores Value
of 1 lakh investment in 20 years: 81 lakh rupees
Assets: 9031 Crore (March 31, 2021)
Expense Ratio: 1.77% (March 31, 2021)
Risk Grade: Average
Minimum SIP: Rs 100
Minimum Investment: Rs 100
2. Franklin India Prima Fund
SIP Returns in 20 Years: 20%
Value of 5 thousand Monthly SIPs in 20 Years: Rs. 1.28 Crores Value
of 1 Lakh Investment in 20 Years: Rs. 69 Lakhs
Assets: 7308 Crore (March 31, 2021)
Expense Ratio: 1.91% (March 31, 2021)
Risk Grade: Average
Minimum SIP: Rs 500
Minimum Investment: Rs 5000
3. SBI Lions and Midcap Fund
SIP Returns in 20 Years: 19%
Value of 5 thousand Monthly SIPs in 20 Years: Rs 1.07 Crores Value
of 1 Lakh Investment in 20 Years: Rs 34 Lakhs
Assets: 3629 Crores (March 31, 2021)
Expense Ratio: 2.10% (March 31, 2021)
Risk Grade: Above Average
Minimum SIP: Rs. 500
Minimum Investment: Rs. 5000
4. DSP Equity Opportunity Fund
SIP Return in 20 years: 18.58%
Value of 5 thousand Monthly SIP in 20 years: 1.04 Crore Value
of 1 Lakh Investment in 20 years: Rs 43 Lakh
Assets: 5747 Crore (March 31, 2021)
Expense Ratio: 1.97% (March 31, 2021)
Risk Grade: Above Average
Minimum SIP: Rs 500
Minimum Investment: Rs 500
5. HDFC Top 100
SIP Returns in 20 Years: 18%
Value of 5 thousand Monthly SIPs in 20 Years: Rs. 95 Lakhs Value
of 1 Lakhs Investment in 20 Years: Rs. 41 Lakhs
Assets: 18660 Crore (March 31, 2021)
Expense Ratio: 1.79% (March 31, 2021)
Risk Grade: High
Minimum SIP: Rs 500
Minimum Investment: Rs 5000
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