What are the best mutual funds in 2024 for a long-term investment? Can you suggest any five mutual funds?
Monthly SIP Amount Required to Reach Rs 10 crore at 60 years (@12% returns per annum)
If you start investing via SIP at the age of 25, the monthly SIP required is only Rs 15,000.
But if you delay and start at the age of 30 the monthly SIP required is 2 as much at Rs 28,000!
If you delay and start at the age of 40 the monthly SIP required is 6 times more at Rs 1,00,000!
*Tested mutual funds based on different parameters: Rolling returns consistency of 1yr , 3yr , 5yr , Std Dev , Sharpe ratio , Fund Manager and Expense ratio.**
Below SIP recommended. Proposed SIP
1 UTI Nifty Index fund -30%
2 ICICI Pru Discovery Fund -20%
3 SBI Large and MidCap fund -10%
4 Parag Parikh Flexi Cap fund -20%
5 Motilal Oswal Nasdaq 100 FoF -10%