Which SIP is best for 1 year?
Best SIP Plans for the Year 2022
| Fund Name | Monthly Investment | 1 Year Returns |
|---|---|---|
| Axis Bluechip Fund | 5000 | 52.52\% |
| Axis Focused 25 Fund | 5000 | 61.91\% |
| DSP Equity Fund | 5000 | 31.90\% |
| Franklin India Focused Equity Fund | 5000 | 80.39\% |
Is Groww app safe to invest?
According to a number of online broker comparison sites, Groww has been certified as a safe to use app. This means that the money or any kind of investment done on this platform will not be a scam or get hacked easily.
Which mutual fund gives highest return?
List of Equity Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Axis Growth Opportunities Fund | Equity | 45.0\% |
| Nippon India Pharma Fund | Equity | 18.7\% |
| Axis Midcap Fund | Equity | 40.2\% |
| Mirae Asset Emerging Bluechip Fund | Equity | 39.7\% |
How much should I invest in mutual funds per month?
Therefore, your investments in mutual funds should be 20\% of your monthly salary. If you are able to cut down on spending on wants, then you can utilise the same in increasing your mutual fund investment.
Is ClearTax safe for mutual funds?
It is not good to invest in a mutual fund through ClearTax. If you invest in mutual fund through ClearTax, you will get the regular plan of a mutual fund whose return is 1–2\% less than the direct plan of a mutual fund. This lesser return of 1–2\% will have a huge impact on your corpus. I will show it with an example.
Can I do SIP for 6 months?
If you want to save the surplus amount let’s say for six months then you can look for SIP plans in low duration funds and ultra-short duration funds. This way you can reach your short term goals like buying a gift, two-wheeler, vacations, etc.
What if Groww shuts down?
What if the Groww app shuts down? In case any mutual fund brokers such as Groww shuts down, your account will still be active with the corresponding mutual fund house. This way, you can directly reach out the mutual fund house and enquire about the current status of your account and investments with them.
Is Groww app Indian?
Groww is an online investment platform that allows investors to invest in mutual funds and stocks. Headquartered in Bangalore, Karnataka, the company has raised over $140 million as of April 2021, at a valuation of $1 billion.
What are the top 5 mutual funds?
Top 5 Biggest Mutual Funds
- Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
- Fidelity 500 Index Fund (FXAIX)
- Vanguard Institutional Index Mutual Fund (VINIX)
- Fidelity Government Cash Reserves (FDRXX)
- Vanguard Federal Money Market Fund (VMFXX)
Which type of mutual fund is best for long term investment?
List of Long Duration Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Quant Tax Plan Fund | Equity | 64.0\% |
| Quant Active Fund | Equity | 59.1\% |
| Axis Small Cap Fund | Equity | 58.2\% |
| PGIM India Flexi Cap Fund | Equity | 45.1\% |
What is the average return on mutual funds for the last 20 years?
4.67\%
Investors earned an average of 4.67\% on mutual funds over the last 20 years. This is 3.52\% less than the average S&P 500 index return.
https://www.youtube.com/watch?v=9xCW1dcOO6c