The number of people participating in stock market investments is on the rise in India these days. Individuals who prefer to avoid the direct risk associated with investing in stocks are instead opting to invest through mutual funds in the market. This trend is driving a consistent increase in the inflow of funds into mutual investments. Every investor aims to get better returns from the market. One of the most popular ways to invest is to put money in equity through mutual funds. These equity mutual funds tend to give good returns and involve minimal risk, when compared to individual stocks or bonds. So, let’s look at some popular equity mutual funds in the market that are able to give double the returns:
Nippon India ETF Nifty PSU Bank: The Nippon India ETF PSU Bank is a popular choice for investors. As per the current trend in the market, the three year absolute return of this mutual fund has been 227.94 percent. For instance, if someone invests Rs 1,00,000 in these ETFs, then they will get Rs 3,27,940 in three years. The three-year annualised return of the mutual fund is 48.4 per cent. The fund size of this fund is Rs 2560.7 crore, with an expense ratio of 0.49 percent.
Kotak Nifty PSU Bank ETF: The fund has also given great returns to its investors in three years. As per the trend, the three year absolute return of the fund has been 227.49 per cent. If someone invests Rs 1,00,000 in the ETF, they will get Rs 3,27,490 after three years. The three year annualised return has been 48.40 percent. Kotak Nifty ETF has a fund size of Rs 1379.35 crore with an expense ratio of 0.49 percent.
ABSL PSU Equity Fund: The Aditya Birla Sun Life PSU Equity Fund has given great returns to its investors. The three year absolute return has been 183.55 percent. Investing Rs 1,00,000 in the mutual fund will give a return of Rs 2,83,550 in three years. The annualised three year return of the fund is 41.45 percent. The fund size has been Rs 3329.97 with a current expense ratio of 1.9 percent.
Quant Small Cap Fund: This fund has also given tremendous returns to investors in the last three years. The absolute three year return of the fund has been 193.15 percent. If someone invests Rs 1,00,000 in this fund, they will get Rs 2,93,150 in three years. The annualised three year return of the fund is 43.03 percent. The fund size is Rs 17193.09 with an expense ratio of 0.7 percent.
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