Even a small investment of just Rs 100 every month in Micro-SIP (Micro-SIP) can give you millions of rupees in the long run.
Even a small investment of just Rs 100 every month in Micro-SIP can give you lakhs of rupees in a long time. For example, if you do SIP (Micro-SIP) every month for 100 rupees, then in one year you will deposit 1200 rupees. If we look at the same, this amount will be up to Rs 24000 in the coming 20 years. Now if you consider up to 12 percent return on this amount every year, then this amount will be Rs 98925. In this case, after 30 years, it will be around 3.5 lakh rupees. At the same time, if you see this in 50 years, then it will be 39 lakh rupees.
Micro-SIP is a small amount of investment schemes. This is a highly popular facility offered by a Systematic Investment Plan mutual fund. Where you can automatically invest a certain amount of money in a mutual fund at weekly or monthly intervals as per your convenience. It is like a Recurring Deposit (RD). SIPs (Micro-SIP) help you invest regularly and with discipline.
Systematic investment plans that allow you to invest 100 to 500 rupees are called micro-SIPs. Micro SIPs are for those who do not have a huge amount to invest. It is useful for low income students, it is also a good plan for students and children who receive pocket money. Because saving 100 rupees every month is not very difficult. Micro-SIPs can help individuals to deposit a fund without pulling a finance. It also provides a modest beginning to an individual cycle of savings and investment.
Let us see which are the best performing equity micro-SIP schemes. Equity funds are broadly divided into three categories. Which includes large-cap, mid-cap and small-cap.
Large-cap funds
Large-cap mutual funds are equity funds that invest primarily in the top 100 companies in India. These companies are some of the biggest brands in our country. Most of these products are used by people in their everyday life. So here are the top three large-cap schemes that allow micro-SIP of Rs 100.
Mid-cap funds
Mid-cap funds are a type of equity mutual fund that invests in mid-size companies. According to the criteria, companies which are ranked from 101 to 250 based on their market capitalization are classified as mid cap companies. So here are the top three mid-cap schemes that allow micro-SIP of Rs 100.
Small-cap funds
Small-cap equity funds invest in India’s smallest companies. These companies are beyond the top 250 companies and are mostly unheard of in our daily lives. Although they can give excellent returns, small-cap companies are incredibly volatile and you can see short to medium term losses. So here are the top three small-cap schemes that allow micro-SIP of Rs 100.
The above schemes are the top three best performing schemes in their respective categories based on their annual growth rate of 10 years. Here we are considering the annual growth rate because compounding benefits from equity investment.
