Nippon India Mutual Fund There is no use to save only crores of rupees. Therefore, where you invest the money you save is important. Mutual funds have given good returns in the last few years. Many people have become millionaires by investing through SIP. Mutual funds are divided into several categories based on their investment such as large cap, mid cap, flexi cap. In addition, dividend income, regional, ELSS tax servants and value mutual funds are also there. Value funds are those that invest in shares of low -value companies. Value mutual fund schemes may be beneficial for long -term investors. The reason for this is that the market may take time to identify a company's actual value. Therefore, it also takes time to increase the share price.
Made investors a millionaire
Today we are going to tell you about 3 Value Mutual Fund Schemes which have made investors a millionaire for Rs 10,000 per month. According to data from the Mutual Funds Association in India, Bandhan Sterling Value Fund, Nippon India Value Fund, HSBC Value Fund and JM Value Fund are the best returns in the last 10 years. These schemes have given returns between 14.36% to 16.88% in the last decade.
Nippon India Value Fund
The scheme was launched in June 2005. This open-ended scheme has since given a return of 16.95%. If someone had invested Rs 10,000 per month in this scheme for 17 years, the amount would have been Rs 1.01 crore, of which the annual return would have been 16.86%.
JM Value Fund
The scheme was launched in June 1997. This open-ended scheme has since given a return of 16.74%. If someone had invested Rs 10,000 per month in this scheme, his fund would have been Rs 1.03 crore. However, it took 19 years for the scheme to generate funds of Rs 1 crore.
Bandhan Sterling Value Fund
The plan was launched in March 2008. This open-ended scheme has since given a return of 17.01%. If someone had invested Rs 10,000 per month in this scheme for 17 years, its total amount would have been Rs 1.10 crore, of which the annual return would have been 17.62%.
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