The scheme aims to generate long-term capital appreciation by investing predominantly in equities and equity-related instruments of companies engaged in the manufacturing theme.

In terms of SIP, a monthly investment of Rs 10,000 since inception would amount to a total investment of Rs 3.7 lakh. As of January 31, 2024, the value of that investment would have grown to Rs 5.48 lakh, i.e. a CAGR of 26.5 per cent. A similar investment in the benchmark would have yielded a CAGR of 20.8 per cent for the same period.

Investment in this scheme is accessible to all, with a minimum SIP amount set at Rs 500, making it inclusive and appealing to a broad spectrum of investors. Delving deeper into its asset allocation, as of January 31, 2024, the fund has strategically allocated 93.43 per cent of its assets in equity, with the remaining 6.57 per cent parked in cash and cash equivalents.

The investment objective of the scheme is to seek long-term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF.

List of top 10 best performing balanced advantage funds

Multi-cap funds help to spread your wings across companies of all sizes.

This article sheds light on the dynamics of Flexi-cap mutual funds, featuring the top 10 best performing flexi cap funds. 

Investment Objective: To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities, predominantly in large and mid-cap stocks from various sectors. The fund manager may also seek participation in other equity and equity related securities.

Understanding International Mutual Funds and the top 10 best performers.

To illustrate this point, let's examine the performance of the top three mutual fund schemes over the last decade with over 1000 per cent returns: