15 years returns of SIP ; Importance of choosing the right Mutual Fund

The importance of choosing a RIGHT Mutual Fund

Following is the results of SIP Investment of Rs.5000 every month for 15 years in Best and worst Mutual Funds. Returns as on May 31,2010 (source : valueresearch)

BEST 

1. HDFC Equity Fund        - 120,17,370 (more then a crore. YES becoming crorepati is easy !)
2. Franklin India Bluechip   -   94,87,199
3. Magnum Multiplier         -   51,56,455

WORST 

1. Taurus Discovery       -  21,31,190
2. LIC MF Equity         -   21,83,562
3. JM Equity                 -   24,78,042

JUST the deciscion to select the right mutual fund can make you a HUGE difference in the long term.
I am sure nobody can predict and choose the Best Mutual Fund but they can definately select a good reliable fund based on its historical performance and increase your chances of selecting winner who will definately be amongst the top few Mutual Funds.

Source : http://www.mfexpert.com/2010/07/15-years-returns-of-sip-importance-of.html

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