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News Topical, Digital Desk : Mutual funds have become a popular investment platform today. A good portfolio is one that includes both secured and unsecured investment schemes. Most investors choose mutual funds for unsecured investment schemes.
Additionally, the returns it generates attract investors. Most people choose SIPs for mutual fund investments because SIPs allow you to build a large corpus with small installments. Today, with the help of SIP calculation, we will understand how much fund can be created by SIP of Rs 3000 every month for 10 years.
calculation
If a person invests ₹3,000 per month in a 10-year SIP, they will earn ₹2523,000 at a 12% return. Over these 10 years, your principal alone will be ₹9 lakh. In terms of returns, you could earn ₹1623,000 in returns alone. However, returns on mutual funds are based on the stock market, so there's no guarantee of a fixed return.
Let's now discuss with experts which funds we should invest in this month. Anirudh Gupta, CEO of Ashiana Financial Services, suggests some funds we can invest in this November to improve our portfolio.
Which funds are the best in November?
According to Anirudh Gupta, CEO, Ashiana Financial Services, these funds are the best to invest in in November-
- Nippon India Large Cap Fund
- Motilal Oswal Large & Midcap
- HDFC Flexi Cap
- ICICI Prudential Equity and Debt Fund
- SBI Arbitrage Fund
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