Mutual Funds SIP: These are the best schemes for investments, suggest Sharekhan
Just like the temperature, the schemes are hot this season and will reap profit.
Systematic Investment Plan or SIP has become the most preferred option among first-time investors. Moreover, in SIP investments one has to invest in systematic periods. The advantage of this kind of investment is that the investor gets debited a small amount from his or her account in the selected time period and get better returns when attained maturity. In other words, SIP investment is one of the most disciplined methods of saving and getting richer by the day.
ClearTax states that with SIP, one can start investing in small amount and reap big returns. It’s a simple and convenient way to track one's investments. It also brings financial discipline.
Sharekhan has picked up the top five large and mid-cap funds in which one should put their money in the coming months to see their money grow.
1. Kotak Equity Opportunities Fund :
This fund is currently priced at Rs 12,749 and will have an exponential growth at 11.6% in five years with the present value growing to Rs 79,635.
2. SBI Large & Midcap Fund:
Growth will be steady at 11.2%, with the present value reaching as good as Rs 78,707 in the next five years. Currently, the value is at Rs 12,611
3. DSP Equity Opportunities Fund :
This scheme has a compound annualised per cent up to 5 years of 11.8%. It has a net value price of Rs 12,629.
4. IDFC Core Equity Fund :
The annualised compound per cent will be 10.6% up to 5 years, with the net value rate at Rs 12,357
5. ICICI Prudential Large & Mid Cap Fund:
Here, the scheme will have an annualised compound of 8.9% up to five years, with the net value rate at Rs 12,469.
So wait no more, put your wealth in these plans to garner more returns upon maturity and make yourself richer.