In the rising inflation, the return of bank FD is no longer a profitable deal. In such a situation, investors are increasingly investing money in Mutual Funds and Share Market.
Here we are giving you information about some such SIPs of Equity and Debt Mutual Funds, which can give the best return on your investment in five years, according to the fund type, risk level, NAV (Net Asset Value) and expected returns.
Due to the low interest rate of banks FD, investors are now increasingly looking at other investment options. Mutual funds are becoming one of the most preferred options among the new investment options. Especially people are investing in large numbers through SIP. In the rising inflation, the return of bank FD is no longer a profitable deal. In such a situation, investors are increasingly investing money in Mutual Funds and Share Market.
Debt mutual funds are popular among investors who want to take less risk. Given below are some of the SIPs of equity and debt mutual funds that can give you the best return on your investment in five years, according to fund type, risk level, NAV (Net Asset Value) and expected returns.
Best 5 Year SIP in Equity Fund
Axis Bluechip Fund Monthly SIP: This is an open-ended equity scheme with an excellent track record and a great plan to generate huge capital in the long run. Under this, money is mainly invested in large cap stocks of large cap companies. For example, if you do a SIP of 10 thousand rupees for five years under this plan, then you will invest 6 lakh rupees which will become 7.24 lakh rupees in 5 years.
ICICI Prudential Bluechip Fund: This is an open-ended scheme whose money is invested in large cap stocks. According to the track record so far, a SIP of Rs 10 thousand in this can become Rs 6.29 lakh in 5 years.
SBI Bluechip Fund: The money of this fund is invested in equity related instruments which is helpful in achieving the goal of raising capital in the long run. Under this scheme, a capital of Rs 6.3 lakh or more can be made in 5 years with a capital of Rs 10 thousand or more according to the market condition.
Mirae Asset Large Cap Fund: This fund was launched in April 2008 and under this there is no exit load for withdrawal after one year. Its money is invested in equity and equity related instruments. As a large cap fund, 71.54 per cent of this fund is invested in large cap funds, 13.15 per cent in midcap and 3.62 per cent in small-cap stocks. Under this scheme, a capital of Rs 6.72 lakh can be created from a 5-year SIP of Rs 10,000.
SBI Multicap Fund: If you invest 10 thousand rupees every month under this scheme, then according to the returns so far, a capital of Rs 6.69 lakh can be created at the end of 5 years. Its money is invested in equity and debt instruments.
