In the last three years 16,000 thousand crores, have been invested under the SIP scheme last year. Now it has become a trusted investment of people and according to that, let's check out the top rated mutual funds with high returns.
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| Top rated mutual fund |
HDFC Large and Mid Cap Fund
HDFC Large and Mid Cap Fund is an open-ended equity mutual fund that invests in a combination of large-cap and mid-cap companies. The fund is managed by Mr. Prashant Jain, who has over 20 years of experience in the financial industry.
HDFC Large and Midcap Funds is one of the mutual funds which has got 5 stars in CRISIL rating. Whereas it has also got 4 star marks by Value Research. As of September 30, the scheme managed assets worth Rs 11,810 crore. The NAV of the scheme, as on October 13, is Rs 244.67 per growth option.
And the fund has the highest allocation to the financial sector, with exposure to 169 stocks across 16 sectors, followed by the automotive, technology, energy and healthcare spaces. The fund's top holdings include names like HDFC Bank, ICICI Bank, SBI, Infosys, Larsen & Toubro, TCS and Empasis.
The scheme has given trailing returns of 27.44 per cent in one year, 31.4 per cent in three years and 18.75 per cent in five years.
You have invested Rs.5 years back in this scheme through SIP. 10,000 invested every month, today Rs. 10.60 lakhs and has given an income of more than Rs. That means it has given investors an annual return of 23 percent over a five-year period. The minimum investment for this fund is Rs.100.
ICICI Prudential Large and Mid Cap Fund
ICICI Prudential Large and Mid Cap Fund is a profitable mutual fund that has delivered good returns to investors over the long term. The fund has outperformed its benchmark index, the Nifty Large Midcap 250 Total Return Index, over the 1-year, 3-year, 5-year, and 10-year periods,
This scheme of ICICI Mutual Fund has been rated 5 stars by CRISIL and 4 stars by Value Research. The scheme has yielded low returns of 22.9 percent in one year, 31.18 percent in three years, and 17.75 percent in five years.
The scheme also has a minimum investment of Rs 5,000 and a minimum additional investment of Rs 1,000. And the minimum investment amount for SIP scheme is Rs.100.
Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.