Explore top-performing mutual funds for SIP investments that deliver strong returns over time, catering to various risk appetites and financial goals. The SBI Multi Asset Allocation Fund, launched in May 2018, has proven to be a beneficial investment option for those leveraging a Systematic Investment Plan (SIP). The total investment amount has appreciated remarkably for investors committing ₹10,000 monthly to the fund, growing to approximately ₹12.92 lakh by October 2024. Over this period, the total contributions amounted to around ₹7.8 lakh, resulting in a notable compounded annual growth rate (CAGR) of 15.34%. Find the most promising mutual funds for SIP to maximize returns and diversify your portfolio across different asset classes with minimal risk.
This mutual fund has not only provided impressive returns but has also consistently outperformed its benchmark. For context, the benchmark index and the BSE Sensex Total Return Index (TRI) have delivered CAGRs of 13.43% and 16.61%, respectively. Such performance underscores the fund’s effective management and strategic asset allocation.
The fund adopts a diversified investment approach, spreading its assets across various asset classes, including equity, fixed-income securities (debt), and commodities such as gold and silver. This multifaceted strategy enables the fund to reduce risk while capitalizing on different market conditions and maximizing returns.
Additionally, the SBI Multi Asset Allocation Fund has shown strong returns over different time frames, achieving an impressive 17.91% over the past year, 19.07% over three years, and 16.64% over five years. The fund’s management team brings invaluable experience, with each portfolio segment supervised by specialists in equity, debt, and commodities. This collective expertise is key to navigating market fluctuations while ensuring stability in the investment portfolio.
Overall, the SBI Multi Asset Allocation Fund’s balanced and adaptive approach has garnered a favorable reputation among investors looking for a reliable and versatile investment vehicle. Invest smartly with the best mutual funds for SIP, offering competitive returns and diversified strategies for steady financial growth over the years.
