10 mutual funds that can triple your wealth in 5 years

Earning, saving and spending is the cycle of life that we live by every month, if not every day.

I am sure, by now you know the importance of saving.

Perhaps, you’ve even realized the significance of investing.

If not, here’s a quick primer – when you save, your money sits idle. When you invest, your money multiplies.

Mutual fundshave become an incredibly popular option for a wide variety of investors these days.

How Mutual Funds Can Secure Your Financial Future?

You need to make strategic long-term investments across diverse assets for financial independence.

These investments need to balance your risk appetite, duration of investment, and areas of investment.

Mutual funds are the only investment instruments that give you a lot of schemes to choose from as per your investment goals and risk appetite.

When you buy a mutual fund, your money is combined with the money from other investors and allows you to buy part of a pool of investments.

10 Mutual Funds That Tripled Wealth in 5 Years

Returns have always been thebasic benchmark for investors while picking an investment. These indicate how much the fund has lost or gained during a particular investment duration.

Here’s a list of 10 Mutual Funds that would triple your money in just 5 years

1. Reliance Small Cap Fund

This is asmall cap equity oriented mutual fundlaunched on January 1, 2013. It is a fund with high risk and has given a return of 28.87% since its launch.

This fund has given a stellar 39.3% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would valued at ₹52,45,121 currently.

Duration	Returns
1 year	13.1%
3 years	24.1%
5 years	39.3%

Key details

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹6,696 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark S&P BSE Small Cap since its launch.
The top 5 portfolio holdings of the fund includeZydus Wellness Ltd.,V I P Industries Ltd.,Cyient Ltd.,Deepak Nitrite Ltd., andNavin Fluorine International Ltd.
The holdings are balanced across various sectorswith maximum weight-age given to Consumer Goods (20.9%) followed by Industrial Manufacturing(16.5%)
You can invest in this fund with aminimum SIP of ₹ 100
Equity share = 91.1% , Debt share = 1.0% and Cash = 7.9%
Large Cap share = 4.6% , mid-cap share = 47.9% and small-cap share = 35.6%

This fund has exponential growth potential and has given high returns on investment and is best suited for investors with high-risk appetites or for seasoned investors.

2. HDFC Small Cap Fund – Direct – Growth

This is asmall cap equity oriented mutual fundlaunched on January 1, 2013. It is a fund with moderately high risk and has given a return of 21.41% since its launch.

This fund has given a 26.1% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would be valued at ₹31,88,419 currently.

3.Invesco India Multi-Cap Fund – Direct – Growth

This is multi-cap equity oriented mutual fundlaunched on January 1, 2013. It is a fund with moderately high risk and has given a return of 21.70% since its launch.

This fund has given a brilliant 28.4% YoY return in the last 5 years. So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value to ₹34,89,998, currently

Duration	Returns
1 year	9.3%
3 years	15.9%
5 years	28.4%

Key details

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹524 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark S&P BSE AllCap TRI since its launch.
The top 5 portfolio holdings of the fund include HDFC Bank Ltd.,IndusInd Bank Ltd.,MRF Ltd.,Schaeffler India Ltd., andUnited Breweries Ltd.
The holdings are balanced across various sectors with maximum weight-age given to automobiles (16.7%) and consumer goods (16.7%)
You can invest in this fund with a minimum SIP of ₹ 1,000
Equity share = 97.3% , debt share = 0% and cash = 2.7%
Large Cap share = 40.2% , MidCap share = 48.8% and SmallCap share = 8.3%

This funds have exponential growth potential and invest in stocks across different market caps.

4. Mirae Asset Emerging Bluechip Fund – Direct – Growth

This is a large and mid-cap equity oriented mutual fundlaunched on January 1, 2013. It is a fund with moderately high risk and has given a return of 26.62% since its launch.

This fund has given an exceptional 34.2% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value at ₹43,52,738, currently

Duration	Returns
1 year	7.3%
3 years	21.2%
5 years	34.2%

Key details

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹5,351 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark NIFTY Large Midcap 250 TRI since its launch.
The top 5 portfolio holdings of the fund include HDFC Bank Ltd., Kotak Mahindra Bank Ltd., ICICI Ltd., Reliance Industries Ltd., and Havells India Ltd.
The holdings are balanced across various sectorswith maximum weight-age given to financial services (30.4%) and consumer goods (13.8%)
You can invest in this fund withminimum a SIP of ₹ 1,000
Equity share = 97.9% , debt share = 0.1% and cash = 2%
Large Cap share = 47.3% , midcap share = 46.7% and smallcap share = 3.0%

This fund lives up to the ‘blue-chip’ tag in its name by scouting for quality names in the mid-cap space.

It has outpaced both its benchmark and peers every year since its launch in 2013.

5. Principal Emerging Bluechip Fund – Direct – Growth

This is a large and mid- cap equity oriented mutual fundlaunched on January 1, 2013. It is a fund with moderately high risk and has given a return of 26.62% since its launch.

This fund has given an excellent 31.1% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹38,72,696 currently

Duration	Returns
1 year	7.7%
3 years	19.9%
5 years	31.1%

Key details

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹1,625 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark NIFTY Large Midcap 250 TRI since its launch.
The top 5 portfolio holdings of the fund include Britannia Industries Ltd., Eicher Motors Ltd., AIA Engineering Ltd., Bajaj Finance Ltd., and Exide Industries Ltd.
The holdings are balanced across various sectorswith maximum weight-age given to financial services (20.5%) and consumer goods (13.4%)
You can invest in this fund withminimum a SIP of ₹ 500
Equity share = 97.1% , debt share = 0.4% and cash = 2.4%
Large Cap share = 43.0% , midcap share = 47.5% and smallcap share = 6.5%

The fund typically parks around 40% each in large-caps and mid-caps, with a residual small-cap allocation.

6.

This is a Mid Cap Equity Oriented Mutual Fundlaunched on January 1, 2013. It is a fund with high risk and has given a return of 23.93% since its launch.

This fund has given a stellar 31.4% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would valued ₹39,17,210 currently.

7.Kotak Emerging Equity Scheme – Direct – Growth

This is a mid cap equity oriented mutual fundlaunched on January 1, 2013. It is a fund with high risk and has given a return of 20.76% since its launch.

This fund has given a 31.6% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would valued ₹39,47,112 currently.

Duration	Returns
1 year	4.5%
3 years	17.0%
5 years	31.6%

Key details

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹3,163 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark NIFTY Midcap 100 TRI since its launch.
The top 5 portfolio holdings of the fund include Bharat Financial Inclusion Ltd., Schaeffler India Ltd., RBL Bank Ltd., Atul Ltd., and The Ramco Cements Ltd.
The holdings are balanced across various sectors with maximum weightage given to financial services (24.5%) followed by consumer goods (14.9%)
You can invest in this fund witha minimum SIP of ₹ 1,000
Equity share = 98.4% , Debt share = 0.4% and Cash = 1.2%
Large Cap share = 12.5% , midcap share = 78.8% and smallcap share = 6.7%

This fund is for investors with high risk appetite. The best way to deal with risk is to invest through SIP mode for a longer duration.

8. HDFC Mid-Cap Opportunities Fund – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fundlaunched on January 1, 2013. It is a fund with moderately high risk and has given a return of 22.31% since its launch.

This fund has had an amazing 28.7% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would valued ₹35,30,959 currently.

Duration	Returns
1 year	6%
3 years	16.6%
5 years	28.7%

Key details

This fund has been rated as a 3-star fund by Groww.
AUM of close to ₹19,990 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark NIFTY Midcap 100 TRI since its launch.
The top 5 portfolio holdings of the fund include Bharat Financial Inclusion Ltd., Schaeffler India Ltd., RBL Bank Ltd., Atul Ltd., and The Ramco Cements Ltd.
The holdings are balanced across various sectorswith maximum weight-age given to Financial Services (25.1%) followed by Automobile (16.1%)
You can invest in this fund with aminimum SIP of ₹ 500
Equity share = 96% , debt share = 0% and cash = 4%
Large Cap share = 6.6% , midcap share = 85.6% and smallcap share = 3.8%

While many mid-cap funds have struggled to beat their benchmark in the last one year, this fund has held up better.

9. Axis Long Term Equity Fund – Direct – Growth

This is an ELSS Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 22.31% since its launch.

This fund has given a 25.9% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value at ₹31,63,214, currently

Duration	Returns
1 year	13.3%
3 years	14.9%
5 years	25.9%

Key details

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹17,299 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark S&P BSE 200 TRI since its launch.
The top 5 portfolio holdings of the fund include HDFC Bank Ltd., Tata Consultancy Services Ltd., Kotak Mahindra Bank Ltd., Housing Development Finance Corporation Ltd., and Pidilite Industries Ltd.
The holdings are balanced across various sectors with maximum weight-age given to financial services (42.3%) followed by automobiles (15%)
You can invest in this fund witha minimum of SIP = ₹ 500
Equity share = 96% , debt share = 0% and cash = 4%
Large Cap share = 70.4% , midcap share = 25.8% and smallcap share = 0.1%

This is one of the best tax-saving funds available on market right now. A good multi-cap option if you like to own quality businesses.

10. ICICI Prudential Midcap Fund – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fundlaunched on January 1, 2013. It is a fund with moderately high risk and has given a return of 20.87% since its launch.

This fund has given a brilliant 29.3% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value at ₹36,14,037 currently

Duration	Returns
1 year	2.3%
3 years	12.8%
5 years	29.3%

Key details of this fund:

This fund has been rated as a 4-star fund by Groww.
AUM of close to ₹1,519 Cr.
Age is nearly 5 years. So its performance can be easily judged.
Has consistently outperformed its benchmark NIFTY Midcap 150 TRI since its launch.
The top 5 portfolio holdings of the fund include Indian Hotels Co. Ltd., Exide Industries Ltd., Tata Chemicals Ltd., Thomas Cook Ltd., and P I Industries Ltd.
The holdings are balanced across various sectorswith maximum weight-age given to Financial Services (16.7%) followed by Services (12.4%)
You can invest in this fund with aminimum SIP of ₹ 500
Equity share = 90.8% , debt share = 0% and cash = 9.2%
Large Cap share = 12.2% , midcap share = 68.6% and smallcap share = 10.4%

This scheme aims to generate long-term capital appreciation by investing in diversified mid-cap stocks portfolio.

This is why you must invest in mutual funds

After going through the list mentioned above, you must be amazed by the stellar returns given by these mutual fund schemes in the past 5 years.

Mutual funds allow you to pool your money with other investors and leave the specific investment decisions to a portfolio manager.

Portfolio managers decide where to invest the money in the fund, and when to buy and sell investments.

Not only this, mutual funds can be used to meet a variety of financial goals. For example:

1. A young investor with a stable income and many years to invest may feel comfortable taking more risks to achieve greater returns.

They may invest in anequity fund.

2. A mid-career investor trying to balance risk and return more moderately could invest in a balanced mutual fund that buys a mix of stocks and bonds.

3. An investor approaching retirement might be less comfortable with risk and more interested in fixed-income investments.

They may invest in abond fund.

Conclusion

A mutual fund is one of the best investment instruments.

While everybody dreams of owning a multi-bagger scheme, you should not choose only multi-baggers from previous years.

Remember, there is no guarantee that these schemes would continue to perform in the same manner in the coming years.

Also, these schemes need not be in line with your risk profile.

It is always recommended to get a tailored portfolio consisting of schemes that are in line with your risk tolerance level and time in hand to accomplish your goals.

Happy Investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww.

To read the RA disclaimer, please clickhere
Research Analyst - Bavadharini KS

FAQs

10 mutual funds that can triple your wealth in 5 years - Groww? ›

If a SIP of Rs 10,000 had been started in it 5 years ago, today this amount would have been Rs 12.72 lakh. The fund has given an annual return of 30.62 percent in these five years.

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Which mutual fund is best for 5 years? ›

Best Performing Mutual Funds in Last 5 Years

Axis Bluechip Fund Direct-Growth.
Canara Robeco BlueChip Equity Fund Direct-Growth.
PGIM India Mid-Cap Opportunities Fund Direct-Growth.
Axis Mid-Cap Direct-Plan-Growth.
Nippon India Small Cap Fund Growth.
SBI Small Cap Fund Direct-Growth.
Parag Parikh Flexi-Cap Fund Direct-Growth.

More items...

May 15, 2023

Which mutual fund gives highest return in last 5 years? ›

List of Best Performing Mutual Funds in Last 5 Years

Name	5 year return (%)	Doubled
Aditya Birla Sun Life Digital India Fund	18.36	Every 3 years
SBI Small Cap Fund Direct-Growth	14.62	Every 3 years
Parag Parikh Flexi-Cap Fund Direct-Growth	16.48	Every 3 years
Nippon India Small-Cap Fund	15.78	Every 3 years

5 more rows

Feb 28, 2023

What if I invest $10,000 in mutual funds for 5 years? ›

If a SIP of Rs 10,000 had been started in it 5 years ago, today this amount would have been Rs 12.72 lakh. The fund has given an annual return of 30.62 percent in these five years.

How can I triple my money in 5 years? ›

To triple your money in five years, you must earn an annualized 24.6% return. That's a tall order. Out of 4,817 stock and bond funds in Morningstar's database, just 127 managed to hurdle that bar over the past five years. (All fund-performance data is to March 1.)

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Which mutual fund has given highest return in last 10 years? ›

Aditya Birla Sun Life Corporate Bond-

Name	Dividend Yield 1 year	Dividend Yield 10 years
SBI Magnum MidCap	21.90%	10.1%
Kotak Small Cap	25.50%	15.85%
HDFC Banking & PSU Debt Fund	6.37%	7.61%
Aditya Birla Sun Life Corporate Bond	8.49%	8.09%

2 more rows

May 25, 2023

Which fund gives highest return? ›

Best Performing Hybrid Mutual Funds

Fund Name	3-year Return (%)*	5-year Return (%)*
Quant Multi Asset Fund Direct-Growth	39.55%	21.97%
Quant Absolute Fund Direct-Growth	34.59%	20.15%
Kotak Multi Asset Allocator FoF - Dynamic Direct-Growth	24.40%	16.88%
ICICI Prudential Equity & Debt Fund Direct-Growth	29.36%	15.65%

6 more rows

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Which mutual fund gives 15% return? ›

Synopsis

Scheme Name	Scheme returns (%)
HDFC Small Cap Fund	15.02	15.56
ICICI Prudential Technology Fund	19.12	18.12
Invesco India Contra Fund	15.34	15.49
Invesco India Midcap Fund	15.18	17.38

13 more rows

Mar 10, 2023

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Which SIP has the highest return in the last 5 years? ›

Quant Small Cap Fund delivered the highest return of around 34.24% in the five years, followed by Nippon India Small Cap Fund which offered 26.20% returns in the same period.

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How to make 1 crore in 5 years? ›

How to Earn One Crore in 5 Years?

Start Early and Save Regularly. The key to building wealth is to start early and save regularly. ...
Invest in Equity Mutual Funds. ...
Increase Your Monthly Contributions. ...
Invest in Fixed Deposits and Bonds. ...
Patience is the Key.

Tell Me More ›

What is 15x15x15 rule in mutual fund? ›

More About the 15x15x15 Rule for Mutual Fund Investments

It says that if you invest Rs. 15,000 per month via SIP in an equity mutual fund that is capable of generating an average return of 15%, you are most likely to become a crorepati in 15 years (as stated in the example above).

Learn More Now ›

What if I invest $50,000 in SIP for 5 years? ›

5 year SIP of Rs 50000 monthly = Rs 42 lakh. 10 year SIP of Rs 50000 monthly = Rs 1.1 crore. 15 year SIP of Rs 50000 monthly = Rs 2.5 crore.

Learn More Now ›

How to save $1,000,000 in 5 years? ›

Tips for Saving $1 Million in 5 Years

Capitalize on Compound Interest. ...
Leverage Your Job. ...
Establish Daily, Weekly and Monthly Savings Goals. ...
Identify Ways to Increase Your Income. ...
Find Simple Investments to Grow Your Money. ...
Cut Expenses.

Mar 20, 2023

Get More Info ›

Can I become a multi millionaire in 5 years? ›

Becoming a millionaire in five years is an extremely aggressive goal, but it could happen. Although hitting a home run with an investment is what dreams are made of, the most realistic path is to put aside big chunks of money every year. The historical average return for the S&P 500 index is 8%.

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What if I invest $300 a month for 5 years? ›

But if you wait even five years to start saving that $300 a month, you'll end up with roughly $719,000, instead. To be clear, that's still a respectable amount of savings to kick off retirement with. But let's face it -- it's not $1 million.

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Which is the best mutual fund 2023? ›

Fund Name

Axis Bluechip Fund.
Mirae Asset Large Cap Fund.
Parag Parikh Long-Term Equity Fund.
UTI Flexi Cap Fund.
Axis Midcap Fund.
Kotak Emerging Equity Fund.
Axis Small Cap Fund.
SBI Small Cap Fund.

More items...

May 10, 2023

Know More ›

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

Equity: ELSS

Fund Name	3-Year Return (%)
Mirae Asset Tax Saver Fund - Regular Plan	21.53
Motilal Oswal Long Term Equity Fund - Regular Plan	17.00
HDFC Long Term Advantage Fund	16.42

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What is the average 10 year return on mutual funds? ›

Average mutual fund returns in 2021 and over the long term

Fund category	YTD 2021	10-Year
US mid-cap stock	24.51%	12.94%
US small-cap stock	17.73%	12.11%
International large-cap stock	7.97%	5.78%
Long-term bond	-2.66%	4.75%

4 more rows

May 18, 2022

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Will mutual funds go up in 2023? ›

Yes, we are talking about debt mutual funds here, not equity mutual funds. Debt mutual funds are likely to offer better returns in 2023. They will offer even higher returns when the RBI starts cutting interest rates.

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What is the safest investment with the highest return? ›

High-quality bonds and fixed-indexed annuities are often considered the safest investments with the highest returns. However, there are many different types of bond funds and annuities, each with risks and rewards. For example, government bonds are generally more stable than corporate bonds based on past performance.

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What investment has the fastest return? ›

The U.S. stock market is considered to offer the highest investment returns over time. Higher returns, however, come with higher risk. Stock prices typically are more volatile than bond prices.

Which mutual fund gives 12% return? ›

personal finance

Sectoral Funds	One-year returns (in %)
Tata Banking and Financial Services Fund – Reg Growth	12.50
UTI Banking and Financial Services Fund – Growth	12.00
Aditya Birla Sun Life Infrastructure Fund – Growth	12.00
Source: SMC

9 more rows

Dec 6, 2022

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Is a 10% return on a mutual fund good? ›

Most investors would view an average annual rate of return of 10% or more as a good ROI for long-term investments in the stock market.

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Which mutual fund gives 30 percent return? ›

Scheme Name	3-year returns (%)
Quant Mid Cap Fund	31.13
Quant Active Fund	31.12
ICICI Prudential Technology Fund	31.00
Nippon India Small Cap Fund	30.53

7 more rows

Mar 3, 2023

What if I invest $5,000 a month in SIP for 5 years? ›

RD Vs SIP Calculator: According to Post Office RD Calculator, if you invest Rs 5,000 per month for five years the total return on your investment will be Rs 48,740 (with monthly compounding frequency).

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What if I invest $5,000 a month in SIP for 10 years? ›

Calculation of SIP returns

To understand this, let us take an example. A monthly investment of Rs 5,000 for 10 years at an expected rate of return of 12 per cent will earn you Rs 11.61 lakh.

What if I invest $1,000 a month in SIP for 10 years? ›

SIP investment

FV = Future value or the amount you get at maturity. For example, you invest Rs 1,000 a month in a mutual fund scheme using the systematic investment plan or SIP route. The investment is for 10 years, with an estimated rate of return of 8% per year. You have i = r/100/12 = 8/100/12 = 0.006667.

What is the 90% rule for mutual funds? ›

The 90/10 rule in investing is a comment made by Warren Buffett regarding asset allocation. The rule stipulates investing 90% of one's investment capital towards low-cost stock-based index funds and the remainder 10% to short-term government bonds.

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What if I invest $50,000 in mutual fund? ›

Considering 9% returns, an investment of Rs 50,000 can fetch you Rs 2,80,220 in fd in 20 years. Many people even ensure to use the FD Calculator to correctly estimate how much they can earn after a certain time period based on the ROI.

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What if I invest $10,000 in mutual fund? ›

10,000 in mutual funds can generate substantial returns over a long investment period. The returns will be dependent on various factors like the choice of fund, market trends, and the performance of the particular scheme.

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How to earn million in 5 years? ›

Here are nine steps to help you become a millionaire in five years or less.

Step 1: Create a Wealth-Building Plan. ...
Step 2: Take Advantage of Employer Contributions. ...
Step 3: Ask for a Raise. ...
Step 4: Save a Significant Portion of Your Earnings. ...
Step 5: Develop Multiple Income Streams. ...
Step 6: Eliminate Debt.

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Sep 5, 2022

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How to become a millionaire in 5 years in India? ›

If you can invest in deposit certificates, mutual funds, treasury bills, and commercial papers, you may make your chances of becoming a millionaire go higher. Few millionaires hold their currency in treasury bills to keep rolling over and reinvesting. And when they require sudden cash, they liquidate it.

Read On ›

How to save 3 crore in 20 years? ›

Assuming an annual return of 12%, you need to invest Rs 30,000 every month to create a corpus of Rs 3 crore in 20 years. It is to give you an idea of how much you need to invest every month to create a large corpus. It is not clear whether you have included inflation in your calculations.

What is the 75% rule for mutual funds? ›

Diversified management investment companies have assets that fall within the 75-5-10 rule. A 75-5-10 diversified management investment company will have 75% of its assets in other issuers and cash, no more than 5% of assets in any one company, and no more than 10% ownership of any company's outstanding voting stock.

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Is 10 mutual funds too many? ›

Although there are hundreds of mutual fund providers offering thousands of funds, there's no magical "right" number of mutual funds for your portfolio. Despite the lack of agreement among the professionals regarding how many funds are enough, nearly everyone agrees that there is no need for dozens of holdings.

What is the 80% rule for mutual funds? ›

They would have to invest at least 80% of their assets in securities of issuers that are tied economically to that country or region, and the securities would have to meet one of three criteria: (i) securities of issuers that are organized under the laws of the country or of a country within the geographic region ...

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How much to invest per month to become a millionaire in 5 years? ›

Let's say you want to become a millionaire in five years. If you're starting from scratch, online millionaire calculators (which return a variety of results given the same inputs) estimate that you'll need to save anywhere from $13,000 to $15,500 a month and invest it wisely enough to earn an average of 10% a year.

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What is a good return on investment over 5 years? ›

According to many financial investors, 7% is an excellent return rate for most, while 5% is enough to be considered a 'good' return.

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What if I invest $1,000 a month in SIP? ›

By investing ₹1,000 per month via SIPs in this fund, you may be able to benefit from the fund's long-term capital appreciation goals and diversification across market capitalisations. Since its inception, it has delivered 12.43% in CAGR, which is much higher than the 6.32% delivered by its benchmark, S&P BSE Sensex.

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Can I retire on $2 million at 65? ›

Yes, for some people, $2 million should be more than enough to retire. For others, $2 million may not even scratch the surface. The answer depends on your personal situation and there are lot of challenges you'll face. As of 2023, it seems the number of obstacles to a successful retirement continues to grow.

How far will $5 million go in retirement? ›

While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for decades of comfortable living. Even if you live another 50 years, $5 million in savings would allow you to live on $100,000 per year.

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How to turn $25,000 into a million? ›

Based on an investment of $25,000 today, it'd take a return of 13.08% per year to transform into $1 million in 30 years. If you require a shorter time to grow your investments, you'll need a higher return to arrive at $1 million sooner.

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Is 50 too late to become a millionaire? ›

It's entirely possible to start a business after age 50, and Kerry Hannon profiles 20 successful older entrepreneurs in her latest book, “Never Too Old To Get Rich: The Entrepreneur's Guide to Starting a Business Mid-Life. ” “In today's world, you don't need a brick-and-mortar store,” Hannon said.

Read On ›

Is it too late to become a millionaire at 45? ›

This may seem daunting, but the truth is, it's never too late to start. For example, if you are 35 years old and just starting to take control of your finances, you can still reach millionaire status by the time you're 62, which is before normal retirement age.

Can you still be a millionaire at 50? ›

It is Never Too Late to Build Wealth

It is not unheard of for people to become millionaires AFTER they retire. And, the average age when people become millionaires is 58.5 for women and 59.3 for men according to a report from Fidelity investments. Don't ever think it is too late.

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How much is $100 dollars every month for 5 years? ›

You plan to invest $100 per month for five years and expect a 6% return. In this case, you would contribute $6,000 over your investment timeline. At the end of the term, your portfolio would be worth $6,949. With that, your portfolio would earn around $950 in returns during your five years of contributions.

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What if I invest $20,000 a month for 10 years? ›

If an investor invests 20,000 per month for 10 years at the interest rate of 12%, he will be able to generate INR 47 lakh, i.e., more than double the amount he earned in the first five years. In addition, the earnings in 15 years will double the income that an investor had generated in the first 10 years.

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How much will $200 K be worth in 10 years? ›

After 10 years: $96,049.

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Which mutual fund is best for 7 years? ›

Top Performing SIP Funds in India

Fund Name	1 year CAGR	Till Date CAGR
Invesco India largecap Fund (G)	19.90%	12.60%
Aditya Birla Sun Life Frontline Equity Fund Trigger Facility (G)	15.80%	19.80%
BNP Paribas Large Cap Fund (G)	12.60%	16.30%
LIC MF Large Cap Fund (G)	15.30%	10.80%

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How many years is best for mutual funds? ›

Mutual funds can be of great help to plan your future. In fact, the best utilisation of mutual funds happens when you stay invested for an extended period (five years or more). The power of compounding, coupled with a long-term investment horizon gives investors excellent returns in the long run.

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Should I invest for 5 years? ›

Ideally, you should aim to invest for 5 years or more. A longer time frame gives your investment more time to recover if it falls in value. By planning when you'll want access to your money, you can manage the risk that you take.

Why 3 year return is higher than 5 years? ›

Because in 3 years we may have been in a bull or a bear market which will determine the returns. Hence returns can be fluctuating in a big time. If u consider above 5 year returns the market would have already digested the ups and downs and that return can be more like a reality than the shorter timeframe.

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What are the top 3 mutual funds? ›

Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?

Oppenheimer Discovery Y (ODIYX) has a 0.78% expense ratio and 0.6% management fee. ...
JPMorgan Growth Advantage A (VHIAX): 1.04% expense ratio and 0.55% management fee. ...
T. Rowe Price Dividend Growth Adviser (TADGX) is an attractive large-cap allocation.

1 day ago

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What is a good 10 year return on a mutual fund? ›

What Is a Good 10-Year Return on a Mutual Fund? The best-performing large-company stock mutual funds have produced returns of up to 17% in the last 10 years. It should be noted that average annualized returns have been higher than usual — at 14.70% during this time frame — driven by a multi-year bull market.

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How much I will get after 10 years in mutual fund? ›

With a monthly investment of ₹40,000 in a mutual fund plan, the sum would reach ₹1 crore after 10 years and 6 months. According to the findings of Value Research, large-cap funds achieved an average return on investment of 13.36% during ten years.

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Which mutual fund is best for 2023? ›

Fund Name

Mirae Asset Large Cap Fund.
Parag Parikh Long-Term Equity Fund.
UTI Flexi Cap Fund.
Axis Midcap Fund.
Kotak Emerging Equity Fund.
Axis Small Cap Fund.
SBI Small Cap Fund.
SBI Equity Hybrid Fund.

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May 10, 2023

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Is it possible to save $100,000 in 5 years? ›

If you can afford to put away $1,400 per month, you could potentially save your first $100k in just 5 years. If that's too much, aim for even half that (or whatever you can). Thanks to compound interest, just $700 per month could become $100k in 9 years.

Can I become a millionaire in 5 years by investing? ›

Although hitting a home run with an investment is what dreams are made of, the most realistic path is to put aside big chunks of money every year. The historical average return for the S&P 500 index is 8%. With that return, you'd have to invest $157,830 each year for five years in order to reach $1 million.

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Will my money double in 5 years? ›

Key Takeaways

If you wanted to double your money every 5 years, you would need to generate an annual rate of return of 14.4%.

Is 10% return a year realistic? ›

Most investors would view an average annual rate of return of 10% or more as a good ROI for long-term investments in the stock market. However, keep in mind that this is an average.

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Is 7% yearly return good? ›

According to conventional wisdom, an annual ROI of approximately 7% or greater is considered a good ROI for an investment in stocks. This is also about the average annual return of the S&P 500, accounting for inflation. Because this is an average, some years your return may be higher; some years they may be lower.

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Is 30% annual return possible? ›

To get an annualized (compounded annually) 30% stock market return, Mark would probably need a 200/0 allocation. Yes, Mark would need a portfolio composed of 200% stocks. Anyone familiar with math knows that anything over 100% is not possible.

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10 mutual funds that can triple your wealth in 5 years - Groww (2024)

How Mutual Funds Can Secure Your Financial Future?

10 Mutual Funds That Tripled Wealth in 5 Years

1. Reliance Small Cap Fund

2. HDFC Small Cap Fund – Direct – Growth

3.Invesco India Multi-Cap Fund – Direct – Growth

4. Mirae Asset Emerging Bluechip Fund – Direct – Growth

5. Principal Emerging Bluechip Fund – Direct – Growth

6.

7.Kotak Emerging Equity Scheme – Direct – Growth

8. HDFC Mid-Cap Opportunities Fund – Direct – Growth

9. Axis Long Term Equity Fund – Direct – Growth

10. ICICI Prudential Midcap Fund – Direct – Growth

This is why you must invest in mutual funds

Conclusion

FAQs

10 mutual funds that can triple your wealth in 5 years - Groww? ›

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