Equity Funds Doubled Investors’ SIP Returns in Less than 4 years
Equity Mutual Funds are well-known for their wealth-multiplying quality. If anyone invested in mutual fund schemes for a longer time, it can multiple investors wealth quickly. There is another way to get superior returns is to invest in equity funds through a systematic investment plan.
According to the expert’s survey, there are a few equity mutual fund schemes that have offered much wealth to investors in less than four years.
In this list, SBI Small Cap Fund is the major one. As of 15th January 2021, the extended internal rate of return of this fund for 10 years stood at 22.92%. Moreover, XIRR is used to calculate the returns on investments where there are multiple transactions happening at different points in time.
Mirae Asset Emerging Bluechip Fund: It is the second-significant SIP return over 10 years. For this scheme, the XIRR is stood at 22.81%.
Canara Robeco Emerging Equities Fund: This equity fund has increased the investor’s returns in less than four years. The scheme is under the large & multi-cap equity fund category. For the last 10 years, it has generated an XIRR of 20.13% through the SIP investment.
The last one is Nippon India Small Cap Fund. The SIP returns of this small-cap fund over the 10 years is 20.13%.