Systematic investment plans or SIPs are a great investment strategy to create wealth over a long period. SIPs in three equity mutual fund categories offered fabulous returns over a short period of three years. Do you want to know which are those categories?
Predictably, small cap funds topped the return chart. The small cap category gave an average return of around 24.13% in 2023. The category has around 24 schemes and Mahindra Manulife Small Cap Fund offered the highest return of around 34.65%, followed by Union Small Cap Fund which offered 30.83%.
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