The returns received in these schemes of mutual funds
Investing in Mutual Funds for a long period of 10 years or more has always been beneficial. Even if you choose to invest in risky sector funds, your returns can be attractive if you stay invested for the long term. Here are five such equity funds that have given returns of 10 times or more than 900 per cent in the last 10 years. According to ValueResearch, if you had invested Rs 10 lakh in these funds in 2011, the value of your investment would now be around Rs 1 crore.
Aditya Birla Digital India Fund
Aditya Birla Digital India Fund is one such technology fund that has consistently delivered high returns over a long period of time. It has given a CAGR of 23.54 per cent in the last 10 years. The value of lump sum investment of Rs 10 lakh in this fund as on 8 October 2011 is now Rs 83 lakh. The returns are even better in SIP mode. It has managed to give 26.67 per cent annual return on SIP in the last 10 years. The monthly investment of Rs 10,000 in the scheme would have increased to Rs 49.44 lakh by now.
Mirae Asset Emerging Bluechip Fund
Mirae Asset Emerging Bluechip Fund, belonging to large and midcap category, is one of the best performing funds till date. In the last one year, the fund has given 69 per cent returns as against its category average of 63.74 per cent.
Over the last 10 years, this fund has given an annualized return of 25.19 per cent as against its category average of 17.14 per cent. The value of Rs 10 lakh invested in this fund as on 8 October 2011 is now Rs 94.7 lakh.
Nippon India Smallcap Fund
Nippon India Small Cap Fund has outperformed its rivals in recent times. In the last one year, the fund has given 99.43 per cent returns as against its category average of 94 per cent.
With an AUM of Rs 16,633 crore, this fund has given an annualized return of 25.29 per cent over the last 10 years. The value of Rs 10 lakh invested in this fund as on October 8, 2011 is now Rs 95.50 lakh.
SBI Small Cap Fund
SBI Smallcap Fund is one of the flagship funds of SBI Mutual Fund with an AUM of Rs 9,314 crore. It has given an annual return of 26.07 per cent in the last 10 years. On October 8, 2011, an investment of Rs 10 lakh in this fund would have been Rs 1.02 crore so far.
ICICI Prudential Technology Fund
ICICI Prudential Technology Fund which primarily invests in technology stocks has given an annualized return of 26.39 per cent over the last 10 years. A large part of these returns have come in the past year as technology companies have benefited from the digitization move triggered by the pandemic. The value of Rs 10 lakh invested in this fund on 8 October 2021 is now Rs 1.04 lakh.
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.