Tata Mutual Fund | If you want to become rich then invest in this fund, no one will be able to stop you from becoming a millionaire.
Tata Mutula Fund There is such a scheme of Tata Mutual Fund in which those who invested Rs 3000 every month through SIP 30 years ago have now become owners of more than Rs 3.5 crore. His total investment in 30 years is not even Rs 11 lakh. That means the net profit of investors was around Rs 3.4 crore. Also, lump sum investment has increased by 37 times. The name of the scheme is Tata Midcap Growth Fund. Tata Mutual Fund is one of the oldest asset management companies in the country, some of whose schemes have become millionaire schemes for investors.
return on lump sum investment
* 1 Year Return: 49.18% * 3 Year Return: 24.09% * 5 Year Return: 26.87% * 7 Year Return: 19.25% * 10 Year Return: 18.69% * 15 Year Return: 18.40% * 20 Annual Return: 19.00% Talking about Tata Midcap Growth Fund Regular Plan, after investing Rs 1 lakh, the investors' money increased to Rs 1,91,169 in three years, while in five years it increased to Rs 3,29,150. At the same time, an investment of Rs 1 lakh increased to Rs 5,55,600 in 10 years. If we look at the formation of March 31, 2004, the investment of Rs 1 lakh increased to Rs 36,90,860. Since its inception, it has given an annual return of 19.25%. In these 20 years, lump sum investments made by investors have increased by almost 37 times.
Calculating Returns on SIP
SIP Calculator in Tata Mid Cap Growth Fund Fund is available for 30 years. Over 30 years, the fund has given annual returns of 18.60% to SIP investors. * 30 year return on SIP: 18.60% per annum * Investment through SIP per month: Rs 3000 * Total investment in 30 years: Rs 10,80,000 * SIP value after 30 years: ₹ 3,52,38,993
Tata Midcap Growth Fund has given an annual return of 18.64 percent on SIP investments over 20 years.
* 20 year return on SIP: 18.64% per annum * Investment per month by SIP: Rs 3000 * Total investment in 30 years: Rs 7,20,000 * SIP value after 30 years: ₹ 62,61,924
Investment Strategy and Portfolio
Tata Midcap Growth Fund invests 97.75% of investors' money in equity or equity-linked schemes. While 2.25% is invested in cash and its related options. The fund invests primarily in the industrial, financial, healthcare, consumer discretionary and technology sectors.
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