Top Performing SIP Mutual Funds-2018
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Top Performing SIP Mutual Funds-2018
Every mutual fund investor
knows that a Systematic Investment Plan or SIP is the best way to invest in
equity mutual funds to
create wealth over a long period. Apart from investing regularly, it also
imparts financial discipline in the lives of investors.
AMFI data clearly shows that SIPs have been
gaining popularity among mutual fund investors. The mutual fund industry had
added about 9.26 lakh SIP accounts each month on an average during the FY
2017-18, with an average SIP size of about Rs 3,300 per SIP account. At
present, mutual funds have about 1.80 crore SIP accounts. Mutual funds
collected a sum of Rs 6,222 crore through SIPs during December 2017.
Increasing awareness and popularity of SIPs
made us look at the equity schemes which have multiplied investors' money over
the period. For this purpose we looked at the equity schemes including
largecap, midcap, multicap and Equity Linked Saving Schemes (ELSS). We took out
those schemes which have generated the maximum returns when invested via SIP,
for investors both in five-year and 10-year periods (See table below).
Top SIP Performers
How it is been done?
We started with a list of equity schemes including largecap, midcap, multicap and equity Linked Saving Schemes(ELSS) which were at least 10 years old. Then, we excluded schemes which had assets lower than Rs 500 crore as on December 31, 2017. Next, we calculated average internal rate of return (IRR) for each category separately. Then, we filtered all those schemes which generated an IRR above the category's average.
We started with a list of equity schemes including largecap, midcap, multicap and equity Linked Saving Schemes(ELSS) which were at least 10 years old. Then, we excluded schemes which had assets lower than Rs 500 crore as on December 31, 2017. Next, we calculated average internal rate of return (IRR) for each category separately. Then, we filtered all those schemes which generated an IRR above the category's average.
We performed this exercise on both five-year
period and 10-year period. Five-year period ranges from February 2013 to
January 2018, which makes 60 monthly instalments in total. 10-year period
begins from February 2008 and ends in January 2018, thus a total of 120 monthly
SIP instalments. SIP date assumed was 1st of every month. We used Ace Mutual
Fund database for the data.
After all the filters and calculations, we
took out schemes which exceeded the category average XIRR in both the five-year
and 10-year period in each category. This gives us the top SIP
performers.
Source : ET
Source : ET
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