A midcap mutual fund has turned ₹10,000 monthly SIP into ₹1.59 crore over 19 years
A systematic investment plan (SIP) of ₹10,000 in the Kotak Midcap Fund has grown to about ₹1.59 crore over 19 years, according to data released by Kotak Mahindra Asset Management Company. The fund, which completed 19 years of operations, reported a compound annual growth rate (CAGR) of over 20% since inception under its direct plan…
