Which mutual fund is best for next 5 years? (2024)

Which mutual fund is best for next 5 years?

(You must convert the rate of return to the monthly figure through dividing by 12). You also have n = 10 years or 120 months. FV = Rs 1,84,170. So, the future value of a SIP investment of Rs 1,000 per month for 10 years at an estimated rate of return of 8% is Rs 1,84,170.

Which mutual fund has the highest 5-year return?

Which investment is best for next 5 years?

Which mutual fund is best for 2024?

What are the top 5 performing mutual funds?

What if I invest $1,000 in mutual funds for 10 years?

(You must convert the rate of return to the monthly figure through dividing by 12). You also have n = 10 years or 120 months. FV = Rs 1,84,170. So, the future value of a SIP investment of Rs 1,000 per month for 10 years at an estimated rate of return of 8% is Rs 1,84,170.

What is the most successful mutual fund?

Where to invest $5,000 for the next 5 years?

Where to invest $50,000 for 3 years?

Stash it in a high-yield savings account or CD

CDs let you lock in an interest rate for a specific period, typically three to 60 months. You'll pay an early withdrawal penalty if you need your cash sooner, so CDs are best for money you won't need immediately.

What is the safest investment with the highest return?

What if I invest $1,000 a month in mutual funds for 20 years?

If you were to stay invested for a shorter duration, say 20 years, you'd invest Rs 2,40,000, but your portfolio value would be Rs 9.89 lakh. A decade-long investment of Rs 1,000 per month would equal Rs. 2,30,038, as compared to Rs. 1,20,000 invested over the same period.

What is the safest mutual fund?

BlackRock Exchange Portfolio (STSEX)

Easily one of the top-rated examples of the safest mutual funds, the BlackRock Exchange Portfolio (MUTF:STSEX) seeks long-term growth of capital and consequent long-term growth of income, per its prospectus.

Which mutual fund is safest for long term?

What is the best mutual fund for retirees?

Which mutual fund has highest return?

Which mutual fund has 12 percent return?

Nippon India Large Cap Fund offered the highest return of around 15.55%. LIC MF Large Cap Fund gave the lowest return of around 2.89%. Equity savings category offered 7.62% average return in 2023. The category has around 22 schemes and SBI Equity Savings Fund gave the maximum return of around 12.59%.

How long should you keep money in a mutual fund?

Mutual funds have sales charges, and that can take a big bite out of your return in the short run. To mitigate the impact of these charges, an investment horizon of at least five years is ideal.

How long will it take you to double your money if you invest $1000 at 8% compounded annually?

The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

Does money double every 7 years?

How the Rule of 72 Works. For example, the Rule of 72 states that $1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2. In reality, a 10% investment will take 7.3 years to double (1.10^7.3 = 2).

Is this a good time to invest in mutual funds?

There is no better time to start investing. It is very difficult to time the markets and although the markets are due for a correction, it would not be wise to wait further. Also, when it comes to SIPs, there is not much merit in timing the markets. We would suggest you invest in different mutual fund categories.

What is average return on mutual funds for 5 years?

Which mutual fund has the highest rate of return?

How much return can I expect from mutual funds in 5 years?

The recent performance surge has lifted the category scorecard of healthcare funds, with an average return of 59% over a one-year period, a compounded annual growth rate (CAGR) of 18% over a three-year period, and 23% CAGR over a five-year period. This is as per the latest data from Value Research.

Which mutual fund has given highest return in last 3 years?

Quant Small Cap Fund, the topper in the list, gave 40.02% return in the last three years. Two mid cap schemes - Motilal Oswal Midcap Fund and Quant Mid Cap Fund - gave 36.78% and 35.34% return in the said period.