What if I invest 10000 a month in mutual funds?
According to tax and investment experts, if an investor invests ₹10,000 per month in mutual fund SIP for 30 years, he or she can accumulate around ₹12.7 crore at the time of maturity provided it has used 10 per cent annual step-up.
Which mutual fund is best for monthly income?
Best Monthly Income Funds (MIPs) to Invest in 2021
| Funds Name | Returns(\%) | |
|---|---|---|
| ICICI Prudential Monthly Income Plan | 5.5 | 7.6 |
| Invesco India Regular Savings Fund | 5.7 | 7.4 |
| Reliance Hybrid Bond Fund | -16.49 | -1.56 |
| UTI Regular Savings Fund | -8.68 | 1.47 |
Can sip make you rich?
SIPs earn you money through the power of compounding. Investing a small amount of money for a longer duration can get you good returns. By investing a small amount at regular intervals you can build a large corpus and meet your long-term financial goals.
Which company is good for mutual funds?
Best Mutual Fund Companies in India
- SBI Mutual Fund.
- ICICI Prudential Mutual Fund.
- HDFC Mutual Fund.
- DSP BlackRock Mutual Fund.
- Aditya Birla Sun Life Mutual Fund.
- Kotak Mutual Fund.
- L Mutual Fund.
- Tata Mutual Fund.
Where can I invest my money and get monthly income?
Best Monthly Income Investments Through 2022
- Certificate of Deposit (CDs)
- Short-Term Corporate Bonds.
- Long Term Corporate Bonds.
- International Bonds.
- US Treasury Bonds, Bills and Notes.
- Municipal Bonds.
- Floating Rate Funds.
- Money Market Funds.
Which mutual fund gives highest monthly dividend?
Best Dividend Paying Mutual Funds
- UTI Mastershare (D) – This is a large cap equity fund and has assets worth Rs.
- Invesco India Growth Fund – Direct Plan (D) – This fund holds assets worth Rs.
- Canara Robeco F.O.R.C.E Fund – Regular Plan (D) – It is an equity fund with assets worth Rs.
Why should you invest in ELSS funds?
ELSS mutual funds are an ideal investment medium to save taxes and expose your capital to equity markets. This allows you to save taxes and earn significant returns from the best performing ELSS mutual funds.
Which are the top 10 ELSS mutual funds for 1Y returns?
Top 10 Elss Mutual Funds Fund Name 1Y Returns Rating Fund Size (in Cr) Quant Tax Plan Fund 87.1\% 5 star ₹ 327 Mirae Asset Tax Saver Fund 60.2\% 5 star ₹ 8,739 Canara Robeco Equity Tax Saver 57.9\% 5 star ₹ 2,469 BOI AXA Tax Advantage Fund 65.9\% 4 star ₹ 490
Which are the top 10 ELSS mutual funds in India?
Top 10 Elss Mutual Funds Fund Name 1Y Returns Rating Fund Size (in Cr) Quant Tax Plan Fund 89.1\% 5 star ₹ 327 Mirae Asset Tax Saver Fund 63.1\% 5 star ₹ 8,739 Canara Robeco Equity Tax Saver 65.5\% 5 star ₹ 2,469 BOI AXA Tax Advantage Fund 71.2\% 4 star ₹ 490
How much can I claim tax benefits on my ELSS investments?
Example: If Mr. Anand has invested Rs.60,000 in a 5-year fixed deposit, he will only be able to claim tax benefits on Rs.90,000 of his ELSS investments under Section 80C (even if he has invested more than Rs.90,000 in ELSS). This is because Rs.60,000 + Rs.90,000 = Rs.1,50,000.