Last year saw the impact of sluggish economy on all sectors. The pressure on the mutual fund industry was also evident. Experts believe that selling pressure in the domestic market reduced the valuation of the shares, which led to an impact on the industry. However, many other reasons for the sluggishness were attributed to sluggishness in the mutual fund industry. People invest in mutual funds because it is called a safe investment avenue.
There are many schemes that have sunk investors’ money. Although many new mutual fund plans were launched last year, but there was a plan in which customers would get benefits only after investing. At present, customers are getting a return of 32 thousand rupees on the investment of 1 lakh in this fund.
The name of this mutual fund is Sundaram Services Fund. In just 15 months of its launch, investors are being provided returns at a CAGR of 23.12%. The special thing is that the returns for the last one year in this fund have been 32%.
Sundaram Services Fund – You can get these benefits by investing in a regular fund: First of all, by investing in this fund you get 32% return within 1 year. Your investment value of Rs 1 lakh in a year will be Rs 1.32 lakh. That is, if you invest one lakh rupees, you can get up to 32 thousand rupees. At the same time, the value of 10 thousand monthly SIP will be Rs 1.41 lakh in 1 year.
This plan was launched on 21 September 2018. Since then, customers have been receiving an average of 23.12% in this investment plan. Talk about minimum investment, you can invest minimum of 100 rupees in it, while talk about minimum SIP, it is 250 rupees. The assets of this mutual fund plan is 1304 crore (31 January 2020) while the expense ratio is 2.37% (31 December 2019).
AK Nigam, CEO and Director of BPN Fincap Consultants Private Limited, has given its opinion on this investment plan. He has said that the service sector is a fast growing sector even in the midst of a sluggish economy. Investing in Sundaram Services Fund in Ace can be a profitable deal for customers.
