Mutual Fund: Three funds have made those who invest little in 7 years also become millionaires

Strong points

Bluechip funds are open. Provides plenty of liquidity in all kinds of market conditions.
SIP is a great investment tool for people who cannot invest lump sum money.
A fund of Rs 8.29 lakh has been established from 10,000 monthly SIPs.

New Delhi. The Systematic Investment Plan (SIP) is an excellent investment option to build a good corpus over the long term. SIP is a great investment tool for people who cannot invest lump sum money, but want to build a big corpus for the future by investing little money each month. Bluechip mutual funds are also equity funds, which invest in large capitalization companies on the stock market.

Bluechip funds are open ended and therefore provide ample liquidity in all kinds of market conditions as they can be bought and sold at any time. Today, we are going to tell you about three such top funds, which have given investors good returns. Value Research gave these three 5 stars. In these funds, investors who have made a monthly SIP of Rs 10,000 for seven years have a fund of up to Rs 16 lakh.

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Mirae Asset Emerging Bluechip Fund – Direct Scheme

According to a Live Mint report, this fund (Mirae Asset Emerging Bluechip Fund – Direct Plan) was launched on January 1, 2013. Value Research gave it five stars. The AUM of this fund as of June 30, 2022 was Rs 20,664 crore. Its current net asset value is Rs 101.15. This fund generated a return of 17.76% over the past year. The investor who made a monthly SIP of Rs 10,000 in this fund for seven years, his investment now comes in the form of Rs 16.36 lakh. Similarly, in five years, a fund of Rs 9.61 lakh was established through a monthly SIP of Rs 10,000.

Canara Robeco Bluechip Equity Fund – Direct Scheme

Canara Robeco Bluechip Equity Fund – Direct Plan Fund was launched on January 2, 2013. It is also rated 5 stars by Value Research. The AUM of the fund as of June 30, 2022 was Rs 6,824 crore and its NAV as of July 22 was Rs 43.74. The fund has returned 12.92% over seven years. The investor who has made a monthly SIP of Rs 10,000 in this fund for seven years, has a fund of Rs 14.62 lakh. Similarly, this fund has given returns of 14.41% in five years. During this period, a monthly SIP of Rs 10,000 made in this fund built up a fund of Rs 8.94 lakh.

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Axis Bluechip Fund – Direct Scheme

This first fund (Axis Bluechip Fund – Direct Plan) was launched on January 1, 2013 and is also rated 5 stars by Value Research. The AUM of this fund as of June 30, 2022 was Rs 32,322 crore and its NAV as of July 22 was Rs 46.62. The fund has returned 12.35% in seven years. During this period, if an investor had made a monthly SIP of Rs 10,000 into this fund, his investment now comes in the form of Rs 13.80 lakh. Similarly, a fund of Rs 8.29 lakh has been established from 10,000 monthly SIPs for five years.

Tags: investment, investment advice, Tips for earning money, mutual fund, Personal finance

Dolores W. Simon