Updated Feb 09, 2021 | 06:46 IST
Those who have been continuing their SIP in equity mutual fund schemes over the last 10 years despite the ups and downs in the market are now able to see the desired return on their investment. Representational image 
New Delhi: Finally SIP (Systematic Investment Plan) investors got the reward for their patience! Those who have been continuing their SIP in equity mutual fund schemes over the last 10 years despite the ups and downs in the market are now able to see the desired return on their investment. As the Sensex and the Nifty crossed levels of 51,000 and 15,000 respectively following the Budget presentation and many beaten-down stocks and sectors are now seeing renewed investors interest, returns from equity mutual fund schemes now look attractive. Here are few mutual fund schemes that have more than tripled investors SIP money in the last 10 years.
Synopsis
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I am 30 years old. I am investing Rs 20,000 per month through SIP with an aim to create Rs 2 crore for my kid’s higher studies, and Rs 1 crore for marriage. I have been investing in the following mutual fund schemes for the last one year:
Axis Bluechip Fund: Rs 4,000 per month
Mirae Asset Emerging Bluechip Fund: Rs 4,000 per month
Invesco India Growth Opportunities Fund: Rs 4,000 per month
Parag Parikh Long Term Equity Fund: Rs 8,000 per month
Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Request your views on the following SIPs in mutual funds:
Mirae Asset Emerging Bluechip Fund: Rs 10,000
Parag Parikh Long Term Equity Fund: Rs 10,000
Axis Growth Opportunities Fund: Rs 6,000
Canara Robeco Bluechip Fund: Rs 5,000
Mirae Asset Midcap Fund: Rs 5,000
Canara Robeco Smallcap Fund: Rs 5,000
Mirae Asset Hybrid Fund: Rs 10,000
Motilal Nasdaq 100 FoF: Rs 8,000
The total SIP is Rs 59,000. I am a moderate risk taker. I have an investment horizon of 7-10 years plus. Request your valuable views on whether I should rebalance the SIPs? I am quite confused?