It is noteworthy that mutual fund schemes have attracted the attention of many people especially after the Covid-19 infection. A mutual fund company’s CHIP scheme has been giving an average annual return of 5% in the last one year alone.
There are very few index funds that give such returns. Hence the mutual fund chip scheme mentioned here can be a good choice for small and micro investors.
Moreover, the fund invests in the top 100 banking and public sector companies in the Nifty stock market, thereby avoiding losses from major market risks.
Edelweiss NIFTY PSU Bond Plus SDL Index Fund 2026 – Direct Plan-Growth
The fund invests in debt securities of top 100 banks and public sector companies in the Nifty stock market. The fund was launched by Edelweiss Mutual Fund in March last year.
The asset value of this fund has been recorded at Rs.5398.02 crore at the end of the first year of inception. By this you can know the reception of this fund. It is also worth noting that the fund has given an average annual return of 4.49% at the end of one year.
The minimum chip amount for this fund is Rs.500 and the same lumpsum is Rs.5000. With a lock-in period of 5 to 7 years, if you invest Rs.500 per month, you can earn up to one lakh rupees at the end of 5 years.
Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.