SIP Calculator:
Despite the uncertainty in the market, equity funds are flooded with investors. Investment through SIP is creating record upon record. A total of Rs 13856 crore was invested through SIP in January.
According to the data shared by the Mutual Funds Association AMFI, a total investment of 12546 crores came in Equity Funds last month.
In this, a huge inflow of 1628 crores was registered in Mid Cap Mutual Funds. However, in December, this category had a total inflow of 1962 crores.
The right time to invest in equity funds
Anil Chopra, Group Director, Financial Wellbeing, Bajaj Capital, said there is immense investment potential even in an uncertain market.
Investing in equity now will increase profits. Investors will get manifold returns in the long term.
Based on the performance parameter of Value Research, the average return of midcap funds in 3 years has been 19%, and in 5 years, it has been more than 11%.
Sharekhan chose these funds for SIP
Brokerage firm Sharekhan has selected funds for SIP in the midcap segment, such as SBI Magnum Midcap Fund – Growth, Nippon India Growth Fund – Reg – Growth and Edelweiss Mid Cap Fund-Growth for you.
2.5 lakh will be made from SIP of 5000 rupees
If we talk about the performance of SBI Magnum Midcap Fund on the website of Value Research, then on February 10, the NAV was close to Rs.146.
This is a high-risk fund. The three-year average return is 23.34 per cent, while the five-year average return is close to 12.5 per cent.
According to SIP Calculator, if a SIP of Rs 5000 is done for three years, then after three years, this amount becomes around Rs 2.56 lakh. The fund size is Rs 8436 crore. SIP can be done even from 500 rupees.
