3 five-star rated equity funds turn SIP of ₹10,000 to over ₹9 lac in 3 years
When it comes to equity mutual funds, investors should think about investing for the long term rather than pursuing merely higher returns owing to the risk involved. Equity mutual funds are ideal for investors with a long-term investment perspective of at least 5 years, investors targeting capital appreciation, and investors with a keen understanding of the market. However, before investing in mutual funds, you must be in tune with your investment horizon and risk profile. Equity mutual funds are an excellent way to diversify your portfolio, and the coolest part is that equity funds have proven the ability to provide inflation-beating and alpha returns for investors adhering to the rupee cost averaging strategy. Here, we’ve used three 5-star-rated equities mutual funds as an example, which have turned a monthly SIP of ₹10,000 to more than ₹9 lakh in only three years.
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