The total SIP contribution in the first five months of the current fiscal rose to Rs 41,098 crore as compared to Rs 36,760 crore in April-August 2018, as per the Association of Mutual Funds in India (AMFI)
Despite the net inflow, the net assets under management (AUM) of all mutual funds decreased by over 8 per cent month-on-month to Rs 23.79 lakh crore in end-June
Here is a list of top 5 mutual funds that have provided the maximum returns across 1 year, 3 year and 5 year tenure in open-ended equity fund category.
Investors should invest in accordance with their risk profile. Riskometer is only one such tool to construct a balanced investment portfolio.
After all, SIP is based on the dual concepts of rupee cost averaging and the power of compounding. Here is how it works.
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