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30-Year-Old Looking for High-Growth Index Funds for 12% CAGR?

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Financial Planner - Answered on Sep 10, 2024

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Asked by Anonymous - Sep 07, 2024Hindi
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We want to start a SIP in MF of 30,000 per month for a period of 5 years in five different MFs. How about an index fund? Can you please suggest some good index funds where I can invest with a return possibility of 12 per cent CAGR?

Ans: For a SIP of Rs 30,000 per month spread across five mutual funds, adding an index fund to the mix is a great idea due to its low cost and potential for stable long-term growth. Index funds often closely follow market performance, and a return of around 12 per cent CAGR is a reasonable expectation for well-chosen equity index funds over the long term.
Here are some top-performing index funds you could consider for your investment:

1. UTI Nifty 50 Index Fund

• Tracks: Nifty 50
• Known for: Stable long-term growth, mirroring the performance of India's top 50 companies
• Expense Ratio: Low
• Historical Returns: ~12 per cent CAGR over long periods.

2. HDFC Index Fund -- NIFTY 50 Plan

• Tracks: Nifty 50
• Focus: Long-term wealth creation by investing in a diversified set of blue-chip companies.
• Expense Ratio: Low
• Historical Returns: ~11-12 per cent CAGR over long periods.

3. ICICI Prudential Nifty Next 50 Index Fund

• Tracks: Nifty Next 50
• Focus: Exposure to the next top 50 companies after Nifty 50, offering diversification and growth potential.
• Expense Ratio: Moderate
• Historical Returns: ~12 per cent CAGR.

4. Axis Nifty 100 Index Fund

• Tracks: Nifty 100
• Focus: Broad exposure to the top 100 Indian companies by market capitalisation.
• Expense Ratio: Low
• Historical Returns: ~11-12 per cent CAGR.

5. Mirae Asset Nifty 50 Index Fund

• Tracks: Nifty 50
• Known for: Consistent performance and relatively lower expense ratio.
• Expense Ratio: Low
• Historical Returns: ~12 per cent CAGR.

These funds can be a solid choice to anchor your portfolio, offering market-linked returns and stability. Combining these with other diversified equity funds, such as flexi-cap or mid-cap funds, would help balance risk and maximise growth.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Career Counsellor - Answered on Jul 16, 2025

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Hello sirji I got place at NIELIT Ajmer and Thapar both CSE and in NIELIT cyber security and I am from Haryana so wht should I choose?
Ans: As a student from the State of Haryana you are offered seats at NIELIT Ajmer for CSE and Cyber Security alongside CSE at Thapar University, a comprehensive evaluation reveals distinct academic and career pathways. NIELIT Ajmer’s B.Tech in Computer Science and Engineering covers Internet of Things, Cyber Security, and Blockchain Technology with a 60-seat capacity, admission via JEE Main closing around 47,166 for general category, and government-funded programs under MeitY ensuring affordable fees and specialized labs. Thapar University’s CSE achieved an 83% placement rate in 2023 with 334 recruiting companies, robust T&P infrastructure, and major recruiters like Google, Amazon, Microsoft, Deloitte, and IBM. Thapar’s average package of ?11.90 LPA underscores consistent industry engagement and comprehensive training. NIELIT Ajmer Cyber Security offers targeted government-backed certification courses, dedicated placement cells, and proximity to Haryana (~322 km), while NIELIT Ajmer CSE remains nascent with limited placement history. Both institutions feature modern laboratories, libraries, and safe residential facilities supporting holistic student development.

Recommendation: Choose Thapar University CSE for its better job placement record, strong ties with companies, and good academic standing; look at NIELIT Ajmer Cyber Security for affordable, government-supported training in new security technologies; steer clear of NIELIT Ajmer CSE because it has little job placement information and is still growing. All the BEST for Admission & a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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