Mutual fund investment is growing among indirect stock market investors as it allows monthly, quarterly or half-yearly investment options through Systematic Investment Plan (SIP). Hence, investors who do not have a lump sum amount to invest can also invest through this SIP route and accumulate a staggering amount over a long period of time.
We list down top 5 best performing Equity Mutual Fund schemes that have given great returns to their SIP investors over the last 10 years:
1]Nippon India Small Cap Fund: This growth fund has given better returns than its category average in the last 10 years. Over the last 5 years, this small-cap fund has given 28.25 per cent annualized returns to its SIP investors, while its absolute returns over this period are more than 100 per cent. Similarly, in the last 10 years, SIP investors have got around 25.65 per cent annual return on their money, whereas this mutual fund scheme has given more than 290 per cent absolute returns to its SIP investors in the last 10 years.
The category average return over the last 10 years has been around 18.50 per cent while this small-cap fund has given more than 25.50 per cent returns to its lumpsum investors.
2]SBI Small Cap Fund: This regular growth plan is also included in the top 5 schemes for SIP investors. In the last 5 years, the scheme has given annual returns of around 24.30 per cent to SIP investors, while the absolute return to SIP investors in this period is 82.64 per cent. Similarly, in the last 10 years, the scheme has given annual returns of a little over 25 per cent to SIP investors, while the absolute return given by the scheme in the last 10 years is around 277.80 per cent.
3]Mirae Asset Emerging Bluechip Fund: This growth plan has 99.54 per cent investment in Indian stocks, of which 48.87 per cent is in large-cap stocks, 24.8 per cent in mid-cap stocks and 7.37 per cent in small-cap stocks. In the last 10 years, this mutual fund scheme has given around 23.65 per cent returns while the category average return during this period is 16 per cent.
For SIP investors, the scheme has given an annual return of 22.85 per cent to its investors over the last 10 years, while its absolute return over this period is 234.50 per cent.
4]Kotak Small Cap Fund: The fund invests 94.93 per cent in Indian stocks, out of which 2.02 per cent in large-caps, 11.65 per cent in mid-caps and 68.45 per cent in small-cap stocks. This scheme is suitable for those investors who invest in this scheme for at least 3-4 years. In the last 5 years, this small-cap scheme has given 29 per cent annualized returns to its SIP investors, while it has given 104 per cent absolute returns to its SIP investors in this period. Over the last 10 years, this small-cap fund has given 22.60 per cent annualized returns for SIP investors, while it has given 230.50 per cent absolute returns to its SIP investors.
5]Quantity Tax Scheme: It is an ELSS growth scheme that invests 90.16 per cent in Indian stocks, out of which 44.32 per cent is in large-cap stocks, 18.03 per cent in mid-cap stocks and 18.31 per cent in small-cap stocks. In the last 10 years, the scheme has given very high returns as compared to the category average of 15.40 per cent.
The scheme has given annual returns of around 24.80 per cent to its SIP investors while its absolute return is 271.85 per cent over the period.