SIP schemes that turned Rs 5,000/month into Rs 1.5 crore!

Photos: Pixabay/Pexels Photos: Pixabay/Pexels Aug 17, 2023 Rajeev Kumar

As many as six well-managed and diversified mutual fund schemes have given 19.5% or more annualised returns in 20 years, according to a report*

[{"selector":"#anim-e239c956-ea5e-4fda-8705-b0b68ba59b82 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] *Source: Funds India Wealth Conversations Report, August 2023 *Source: Funds India Wealth Conversations Report, August 2023

Calculation shows a monthly SIP of Rs 5000 in any of these 6 funds could have grown to approx. Rs 1.5 crore or more in 20 years. Let’s look at these funds and their returns, as per the report.

[{"selector":"#anim-b0cf5e0d-56c5-4d30-b79e-90bcc6d2a5a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Before reading further, you should note that this exercise is for informational purposes only and is not intended to recommend any of the funds mentioned in this story for investment.

[{"selector":"#anim-f1d2fb97-5116-43b6-a58c-e2c989b8c1d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

HDFC Top 100 Fund - Growth plan: It has given 19.5% annualised returns in 20 years and 13.7% returns in 15 years.

[{"selector":"#anim-ca57f06a-de8d-4158-9526-bb4430e964b8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Nippon India Growth Fund - Regular-Growth plan: It has given 22.6% annualised returns in 20 years and 15% returns in 15 years.

[{"selector":"#anim-b2042249-fd3f-4b49-9730-5ebe71e654e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Franklin India Prima Fund - Growth Plan: It has given 20.2% annualised returns in 20 years and 16.6% returns in 15 years.

[{"selector":"#anim-c7c127a2-f689-4715-be01-bad30f832970 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Aditya Birla Sun Life Flexi Cap Fund - Growth Plan: It has given 19.9% annualised returns in 20 years and 13.7% returns in 15 years.

[{"selector":"#anim-d7d672fe-cf8d-4d53-9904-8b590322bc64 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Franklin India Flexi Cap Fund - Growth Plan: It has given 19.7% annualised returns in 20 years and 14.8% returns in 15 years.

[{"selector":"#anim-969b0f9a-3feb-4259-bb08-1bfe9f43ed81 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

HDFC Flexi Cap Fund - Growth Plan: It has given 20.4% annualised returns in 20 years and 15.5% returns in 15 years.

[{"selector":"#anim-5a34117e-d1f4-4fb3-bfc8-1ebb21ff4bb5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Disclaimer: Disclaimer: This story is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.

Next: SIP calculation - When you can add Rs 50 lakh/year to corpus Next: SIP calculation - When you can add Rs 50 lakh/year to corpus See Next