The systematic nature of Systematic Investment Plans (SIP) enables users to distribute regular fixed funds directly to mutual funds. SIPs help investors practice regular periodic investment through a structured system that develops their investment discipline. Moreover, SIP investment methods are gaining popularity among all age groups of the investors.
There are various investment plans that help you grow your wealth through mutual funds. Likewise, investors are actively seeking modern investment opportunities at this moment.
Features Of The SIP:
- Fixed amount is invested at regular intervals in mutual funds (weekly, monthly, or quarterly).
- People can adjust their investment amount anytime based on your financial situation.
- Individual’s investment amount is auto-debited from the bank account systematically.
- People get the corresponding units of the chosen mutual fund against the amount.
This article will help investors to know the mutual funds with best returns in a year, despite a falling share market.
SIP: 5 Mutual Funds With Great Returns
DSP Equity And Bond Fund: This Fund is an open-ended hybrid mutual fund, managed by DSP Mutual Fund. This fund is a mix of debt and equity investments, and it aims to provide a balanced portfolio for investors. Moreover, this fund has delivered an impressive 27.48% return on investment in 1 year.
LIC MF Gold ETF Fund Of Fund: LIC MF Gold ETF FoF Direct Growth is a commodities mutual fund scheme. This is offered by LIC Mutual Fund. Furthermore, the fund has delivered 25.81% return in 1 year.
ICICI Prudential Regular Gold Savings (FOF) Fund: This fund is managed by the ICICI Prudential Asset Management Company, one of the largest asset management company (AMC) in the country. Moreover, the fund has delivered 24.37% return on investment in a year.
UTI Gold ETF FoF Fund: This is an open-ended fund of funds that invests in a diversified portfolio of gold ETFs. Also, the fund has delivered an impressive 24.31% return in 1 year.
SBI Gold Fund: SBI Gold Fund Direct Plan Growth is a type of exchange-traded fund (ETF) offered by SBI Mutual Fund. This fund has delivered 24.09% return in 1 year.
(Disclaimer: This article is for informational purposes only and not an investment advice. Prior to making an investment or taking a loan, conduct thorough research and consult with your financial advisor.)
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