Systematic investment plan in Mutual Fund might make you a millionaire with as little as Rs. 2000 monthly investment, if you invest regularly over a period of time in a good mutual fund scheme.
Systematic Investment Plan (SIP) allows every person to invest small amounts monthly over a period of time to create wealth in an easy way.
By investing in mutual funds, you may build your wealth due to compounding effect. The process of multiplying your money is very simple and person without much knowledge can invest and get very good return.
Mutual Fund Might Make You A Millionaire
All you need is a good and consistent earning mutual fund scheme and a bit of patience. You need to check some good performing mutual fund schemes to make this happen. You can learn and figure out good performing funds by reading and watching performance consistently in you spare time.
The top 5 mutual fund plans are provided here which have performed well. These mutual fund schemes has converted very small amount of Rs. 2000 monthly investment into several lac rupees in few years.
Active Mutual Fund from Quants
With an average annual return of 25.9% over the past five years, an investment of only Rs.2,000 in the Quant Active Mutual Fund scheme would now be worth over Rs. 2.2 lakh. If this return continues for 15 years your total growth will be appx. Rs. 43.25 lakh at the end of 15 years. This Mutual Fund might make you a millionaire if it grows in the same way for next 10 years.
The Parag Parikh Flexible Cap Fund
Since its start, this fund has been one of my favourite for the following reason: it invests in both domestic and foreign firms, resulting in a healthy annual return of 21.71% over the past five years. A 5 year SIP of Rs. 2,000 per month into this fund would have generated a total of Rs. 2 lakh for the investor. If this return continues for 15 years your total growth will be appx. Rs. 27.22 lakh at the end of 15 years.
Also Read : Mutual Funds For Growth And Income
India Flexi Cap Mutual Fund from PGIM
This fund has produced excellent returns during the past five years. The annualized return from the fund is 20.01%. If a person had begun a systematic investment plan (SIP) of Rs 2,000 in this fund five years ago, he would now have almost Rs 1.9 lakh. If this return continues for 15 years your total growth will be appx. Rs. 22.68 lakh at the end of 15 years.
Large and Medium-Sized Company Mutual Fund From Quant
With a compound annual growth rate (CAGR) of 19.8% over the past five years, a monthly SIP of Rs 2,000 in this programme has grown to Rs 1.9 lakh. If this return continues for 15 years your total growth will be Rs. 22.20 lakh at the end of 15 years.
Kotak’s Equity Mutual Fund
Over the past five years, investors in the Kotak Equity Opportunities Mutual Fund have had an average annual return of 18.37%. Five years after initiating a SIP of Rs 2,000, the initial investment has grown to Rs 1,89,000. If this return continues for 15 years your total growth will be appx. Rs. 18.96 lakh at the end of 15 years.
(Investments in Mutual Funds are subject to market risk. One should invest after taking professional advice from certified investment advisor)
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