These MUTUAL FUND schemes gave double returns in 1 year; check which MF generated maximum money for investors

The country is going through a tough phase because of the coronavirus pandemic. However, the pandemic does not seem to impact the mutual fund investors much as they have received double returns in a year.

These MUTUAL FUND schemes gave double returns in 1 year; check which MF generated maximum money for investors. Source: Reuters

The country is going through a tough phase because of the coronavirus pandemic. However, the pandemic does not seem to impact the mutual fund investors much as they have received double returns in a year.

Investors who invested in mutual fund schemes despite market volatility have also been benefited. Investment in mutual funds has increased rapidly. People are finding it safer to invest through mutual funds than a direct investment in equities.

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Retail investors are joining mutual fund schemes via Systematic Investment Plans (SIPs). Investors can start investing even with Rs 500 monthly using SIPs. Talking about the last one year, many funds have doubled the money of investors that is, they have received returns of more than 100 percent.

Here are some mutual fund schemes, in which investors money has doubled. Also, the returns of these mutual fund schemes have been calculated at the Net Asset Value (NAV) as on June 3, 2021.

SIP:

Systematic Investment Plan (SIP) is a method of investing in mutual fund schemes and is also considered safer. The reason for this is that in SIPs every month a fixed amount is invested on a fixed date.

If you have invested in RD of banks or post office, then investment in SIP will look similar to you. A small amount invested in SIP gradually becomes a big fund in the future. However, it is also important to note that investing in mutual funds is subject to market risks. But, with the risk, the return also gets double, triple at times.

Kotak Small Cap Mutual Fund Scheme:

Kotak Small Cap Mutual Fund Scheme has given returns of 124.74 percent to investors in one year. If the investor would have invested Rs 1 lakh a year ago, then its value would have been around Rs 2.24 lakh.

At the same time, if a monthly investment of Rs 10,000 would have been made via SIP, then a return of 119.66 percent would have been received in a year.

Nippon India Small Cap Mutual Fund Scheme:

Nippon India Small Cap Mutual Fund Scheme has given a return of 112.05 percent in one year. If an investor would have invested Rs 1 lakh in Nippon India Small Cap Mutual Fund Scheme 1 year ago, then his value would have become Rs 2,12,005.

At the same time, if a monthly SIP of Rs 10,000 was done in this, then in a year a return of 109.76 percent would have been received.

PGIM India Midcap Mutual Fund Scheme:

PGIM India Midcap Mutual Fund Scheme has given a return of 103.33 percent in one year. If an investor would have invested Rs 1 lakh in PGIM India Midcap Mutual Fund Scheme 1 year ago, then the value would have now become Rs 2.03 lakh.

At the same time, if a monthly investment of Rs 10,000 would have been made through SIP, then a return of 95.6 percent would have been received.

ICICI Pru Small Cap Mutual Fund Scheme:

Investors who invested in ICICI Pru Small Cap Mutual Fund Scheme got a return of 111.38 percent in one year. Here the value of Rs 1 lakh would have exceeded Rs 2.11 lakh.

Similarly, if a monthly investment of Rs 10,000 would have been made through SIPs, then it would have yielded a return of 105.28 percent.

HDFC Small Cap Mutual Fund Scheme:

Investors got a return of 103.22 percent in one year. Here the value of Rs 1 lakh has increased to Rs 2.06 lakh.

Similarly, if someone has invested Rs 10,000 through SIP, then a return of 105.77 percent would have been received.

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