Mutual Fund SIP Calculator: 10 schemes with up to 96% returns across all equity categories in 1 year

Mutual Fund SIP Calculator: 10 schemes with up to 96% returns across all equity categories in 1 year (Image-Freepik)

An SIP (systematic investment plan) is an alternative method of investing in mutual funds which allows you to contribute a fixed sum on a regular basis, monthly or quarterly. The other one is lump sum investment. An SIP can be started with an amount as low as Rs 100 per month. Like a recurring deposit in banks, the SIP method of investment is hassle-free as your fund house gets your contribution through automated monthly deductions.

Today, SIP investment in mutual funds is very popular among investors and is considered a safe method to invest as investment is spread over time. As you contribute a fixed amount regularly, SIP helps you mitigate the impact of market volatility. Another benefit of SIP investment is that when you pay a fixed amount at regular intervals, you can buy more units when the market is in a downward spiral and prices are low. In contrast, you get fewer units when prices are high. This also averages out the cost of buying mutual fund units over time. This strategy is called rupee-cost averaging, reducing the market risks in terms of timing.

Here are 10 SIP schemes with best returns across all equity mutual fund categories in the last 1 year:

Quant Infrastructure Fund – Direct Plan – Growth

NAV: Rs 45.25

SIP Return in 1 year: 95.89%

With this return, Rs 10,000 SIP started 1 year back would have grown to a corpus of Rs 1,72,467.

Invesco India Infrastructure Fund – Direct Plan – Growth

NAV: Rs 74.95

SIP Return in 1 year: 92.19%

Based on this staggering return of over 92%, Rs 10,000 SIP started 1 year back would be now Rs 1,70,614.

Quant Mid Cap Fund – Direct Plan – Growth

NAV: Rs 262.35

SIP Return in 1 year: 81.70%

With this return, Rs 10,000 SIP would have made a corpus of Rs 1,65,306 1 years later now.

Kotak Nifty Next 50 Index Direct Plan – Growth

NAV: Rs 19.73

SIP Return in 1 year: 80.58%

With this return, Rs 10,000 SIP started 1 year back would be now Rs 1,64,734.

UTI Nifty200 Momentum 30 Index Direct Plan – Growth

NAV: Rs 23.52

SIP Return in 1 year: 80.53%

This return would have turned Rs 10,000 SIP started 1 year back to now Rs 1,64,707.

Quant Large & Midcap Direct Plan – Growth

NAV: Rs 131.74

SIP Return in 1 year: 75.95%

With this return, Rs 10,000 SIP would have been Rs 1,62,358 now one year later.

ICICI Prudential Bharat 22 FOF Direct Plan – Growth

NAV: Rs 32.07

SIP Return in 1 year: 72.86%

This return of about 73% would have turned Rs 10,000 SIP started 1 year back to a corpus of Rs 1,60,745 now.

ICICI Prudential Infrastructure Direct Plan – Growth

NAV: Rs 194.10

SIP Return in 1 year: 72.59%

With this return, Rs 10,000 SIP started 1 year back would have grown to a corpus of Rs 1,60,623.

Kotak Infrastructure and Economic Reform Direct Plan – Growth

NAV: Rs 75.79

SIP Return in 1 year: 72.45%

This rate of return would have turned Rs 10,000 SIP started 1 year back to a corpus of Rs 1,60,548.

Bank of India Flexi Cap Direct Plan – Growth

NAV: Rs 35.58

SIP Return in 1 year: 70.93%

Rs 10,000 SIP started 1 year back would have been Rs 1,59,758 now.

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