SIPs that would have made you a crorepati!
There are five funds that would have made your monthly investment amount of Rs 22,000 into one crore in ten years.
One of the most famous pitches by financial advisors to their mutual fund investors is that if they invest Rs 15,000 per month for 15 years in mutual funds SIP (Systematic Investment Plan), they can expect to get Rs 1 crore maturity amount as the investment would yield around 15 per cent per annum. This might be true depending upon the funds that you have invested in. Our study of 278 equity dedicated funds shows that in the last 10 years only 52 per cent of the funds have been able to generate annualized returns of 15 per cent or more.
What is encouraging is that if you have selected the right funds, you do not have to wait for 15 years to become a crorepati. Just by increasing your investment amount by Rs 7000 per month, you would become a crorepati in ten years’ time. There are five funds that would have made your monthly investment amount of Rs 22,000 into one crore in ten years.
Here are the funds that have generated a return in excess of 25 per cent every year in last ten years.
|
Fund Name
|
10 Yr SIP Ret (%)
|
Effective Monthly Returns (%)
|
SIP Amount (Rs)
|
Final Amount (Rs)
|
|
ICICI Prudential Technology Fund
|
27.53%
|
2.05%
|
22,000.00
|
1,11,54,302.95
|
|
Motilal Oswal NASDAQ 100 Exchange Traded Fund
|
26.57%
|
1.98%
|
22,000.00
|
1,05,96,823.52
|
|
Aditya Birla Sun Life Digital India Fund
|
26.36%
|
1.97%
|
22,000.00
|
1,04,78,610.05
|
|
SBI Small Cap Fund
|
26.25%
|
1.96%
|
22,000.00
|
1,04,17,212.63
|
|
Nippon India Small Cap Fund
|
25.72%
|
1.93%
|
22,000.00
|
1,01,26,367.21
|