Mutual Fund Investment Plan: Building a sizeable corpus of Rs 2.5 crore with just Rs 1000 monthly SIP investment seems unrealistic, but what if we say Nippon India Growth Fund made it happen. Yes, you heard that right! Nippon India Growth Fund, a mid-cap fund ranked among the best mutual fund schemes, delivered a CAGR of 22 per cent over the past 30 years.
You will be amazed to know that this fund turned small savings into crores. If someone had started with a SIP of just Rs 1,000 when this fund was launched, their total investment would have been Rs 2.42 crore today. Their total investment would have been Rs 3,65,000.
Nippon India Growth Mid Cap Fund: SIP returns
Nippon India Growth Mid Cap Fund: Lump Sum Performance
Nippon India Growth Mid Cap Fund was launched on October 8, 1995. Since its inception, this fund has generated a 21.52 per cent annualised return on lump sum investments. This means that if someone invested Rs 1 lakh in this fund at the outset, their money would now have grown to Rs 3,81,42,470.
(source: fund fact sheet)
Nippon India Growth Mid Cap Fund Details
Nippon India Growth Mid Cap Fund: Top 10 Stock Holdings
Nippon India Growth Mid Cap Fund: Top 10 Sector Holdings
Nippon India Growth Mid Cap Fund: Investment strategy
Nippon India Growth Mid Cap Fund invests in stocks of mid cap companies with a track record of consistent performance and promising growth prospects. The fund manager’s focus is on identifying companies with the potential to become market leaders in the future, with the goal of investing in them to generate returns that outperform the benchmark over the long term.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
