Equity Mutual Funds through SIP Investment offers 23.16% Returns
Over the last 10 years, the majority of investors have been staying with a systematic investment plan in equity mutual funds. However, the schemes offered better returns even the ups and downs in the stock market. Currently, Sensex and Nifty crossed 51,000 and 15,000 level, respectively.
According to the expert analysis, Sensex and Nifty raised following the union budget. Meanwhile, many sectors witnessed renewed investors interest and most of the stocks crossed their 52-week high price levels. Moreover, the equity mutual fund schemes offered attractive returns.
Mirae Asset Emerging Bluechip Fund:
It is large and mid-cap fund. The scheme produced a CAGR of 23.16% over the last 10 years through SIP Investment. For example, if you had started investment through SIP as Rs. 1,000 per month in 2011, would you continue the investment, till the value of the investment has been stood at Rs. 4.09 lakhs which is more than three times Rs. 1,20,000.
According to the reports, the scheme has around 48% of a portfolio in Large-cap, 27.19% in mid-cap and 11% in small-cap stocks. Further, HDFC Bank, ICICI, and Infosys are the top three holders of the scheme.
SBI Smallcap Fund:
The scheme offered around 23.15% returns for 10 years in terms of annualised returns. SBI Small-cap fund is the best one with 78% of its portfolio remaining invested in the small-cap stocks. Further, it has maintained the top three holding from Elgi Equipments, JK Cements, Blue Star with an AUM of Rs. 6,628 crores.
Canara Robeco Emerging Equities Scheme:
This is the best scheme in the Large and Midcap fund category. Over the last 10 years, the scheme has generated SIP returns of 195% and a CAGR of 20.46%. Besides, the scheme has marked as the second-best scheme in its category on the basis of 10-year returns. The scheme assets under management stood at Rs. 7,313 crores. Moreover, it invested nearly 38% of the portfolio in large-cap stocks and 38% in mid-cap stocks.