Nippon India Growth Fund | This scheme makes you rich, you will get 13 crore rupees on investing ₹ 10 thousand – Hindi News
Nippon India Growth Fund | If you do not want to take too much risk in the fluctuations of the stock market, then investing in mutual funds is a good option for you. The interesting thing is that here you can invest a small amount every month. There is a facility to invest in mutual funds through SIP. A small investment can create a big fund for you later. SInvesting with IP
You can raise a fund of Rs 13 crore. You may not believe it, but it is possible in the long run and it has actually happened. A 4-star rated mutual fund has turned a SIP of Rs 10,000 into Rs 13 crore in 27 years. If a person was investing in SIP right from the beginning of the job, he would have a huge amount by the time of retirement.
Nippon India Growth Fund
Nippon India Growth Fund has delivered excellent returns. The fund invests in midcap stocks. The fund invests in large growth companies that have the potential to become large caps to deliver excellent returns to investors in the long term. The fund is rated 3-star by Morningstar and 4-star by Value Research. The fund was launched on October 8, 1995 and has now successfully completed 27 years. The fund has delivered a CAGR of 22.29% since its inception.
Performance of Nippon India Growth Fund
Last year, the fund gave an annualized SIP return of 11.89%. In the last three years, the fund has given an annualized SIP return of 27.53%. That is, if you had invested in this fund, your total investment including monthly SIP of Rs 10,000 would have grown from Rs 3.6 lakh to Rs 5.31 lakh. This fund has given an annualized SIP return of 21.10% in the last five years and your monthly SIP of Rs 10,000 would have grown your total investment from Rs 6 lakh to Rs 10.08 lakh.
Strong annual returns
Nippon India Growth Fund has given an annual SIP return of 17.37% in the last 10 years, while with a monthly SIP of Rs 10,000, your total investment would have now grown from Rs 12 lakh to Rs 29.77 lakh. Also, if you consider an annual SIP return of 15.71% in the last 15 years, then with a monthly SIP of Rs 10,000, your investment of Rs 18 lakh would have grown to Rs 65.35 lakh. In the last 20 years, the fund has given an annual SIP return of 18.99%. So with a monthly SIP of Rs 10,000, your entire investment of Rs 24 lakh would have now grown to Rs 2.17 crore.
What is the return in 25 years?
This fund has given an annualized SIP return of 22.12% in the last 25 years and with a monthly SIP of Rs 10,000, your actual investment would have grown from Rs 30 lakh to Rs 8.87 crore. That is, if you had done a SIP of Rs 10,000 every month since the inception of the fund, your investment of Rs 32.40 lakh would have become Rs 13.67 crore. The fund has given an annualized return of 22.29% during this period.
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