Looking to invest in SIPs over the New Year? Top 5 options for a big return
Indians are generally programmed to save rather than spend. While saving is a smart thing to do, using an instrument to grow static capital is smarter. Mutual funds are an instrument that helps people with little capital to invest and grow at a steady pace. In addition, the instrument becomes more manageable with the adoption of the SIP (Systematic Investment Plan).
An amalgamation of risk and reward, it is always best to consider the views of various rating agencies looking at various metrics and considering their influence on the SIP over time. After that, the organization concocts a list of the best options in which to invest. We offer you such a list, which contains some of the most lucrative SIPs that can favor your money and give you a good return. Here are the top five SIPs rated by analytics company CRISIL.
BOI AXA Tax Advantage Fund
The BOI AXA Tax Advantage Fund is ranked among the best funds to invest your money. According to the CRISIL report, the BOI AXA Tax Advantage Fund has generated a return of 14.58% on investments made over the past six months, while an impressive return of 42.6% on investments over the past six months. past year. Over the past three years, the fund has given a return on investment of 28.07 percent.
IDFC Tax Advantage Fund
For the IDFC Tax Advantage Fund, the CRISIL report displays the performance of the ROI (Return on Investment) for different investment periods. According to the report, the fund has generated returns of 12.68% in the past 6 months and a whopping 48.98% return on investments in the past year. The ROI performance of the fund over the past three years amounts to 21.46%.
Mirae asset tax savings
Mirae Asset Tax Saver is also one of the best SIPs suggested by CRISIL. According to the report, the fund’s ROI performance track for the past six months has been 11.5%, while for the most recent year it is 37.57 percent. The three-year path of investment returns is 23.25 percent.
Quantitative tax plan
Quant Tax Plan has been rated five stars by CRISIL. According to the report, the fund has generated returns of 15.7 percent in the past six months, while a monumental return of 68.38 percent in the past year. As for the return on investment performance in three years, the returns stand at 35.51%.
Union Long Term Equity Fund
Another five-star rated SIP, Union Long Term Equity Fund has given returns of 38.06% on investments over the past year, while the return on investment for the past six months stands at 14.83%. . The Union Long Term Equity Fund has yielded 21.97 percent investment returns over the past three years.
Read all the latest news, breaking news and news on the coronavirus here.