Long Term Compounder :Can you become the owner of around 10 crores by saving 100 rupees every day i.e. investing only 3000 rupees a month in the long term. You must be wondering how this is possible. But this has been made possible by a mutual fund scheme Nippon India Growth Fund. This fund, which is one of the oldest mutual fund schemes in the country, has made investors millionaires. It has been more than 28 years since this fund was launched and its track record of giving returns from start to finish has been excellent.
Nippon India Growth Fund was launched on October 8, 1995. That is, it is about to complete 29 years. In this midcap category fund, most of the investors’ money is invested in equity. At the same time, more than 60 percent allocation in equity is done in midcap. This fund has been among the top performers (Nippon India Growth Fund Return) for a long time.
16% annual return in 31 years: This scheme made Rs 5000 SIP into 5 crores, these big stocks in mutual fund portfolio
Return Calculation (Crorepati Scheme)
Monthly SIP amount: Rs 3000
Tenure : 28 years
Annualized Return: 23.26%
Total investment in 28 years: Rs 11,08,000 (Rs 11 lakh)
Value of SIP after 28 years: Rs 9,52,35,820 (Rs 9.52 crore)
1 Year to 10 Year Returns
Nippon India Growth Fund has given a return of 12.89 percent so far this year. The fund’s 6-month return is 24.17 percent, 1-year return is 57.45 percent, 3-year return is 29.46 percent, 5-year return is 25.89 percent, 7-year return is 20.21 percent and 10-year return is 19.39 percent.
Holiday Portfolio: Monthly SIP of Rs 15000, after 5 years the dream of Europe trip with family will be fulfilled
About the Fund
Category: Equity Midcap
Launch Date: October 8, 1995
Lumpsum return since launch: 22.83% p.a.
Minimum investment: Rs 100
Minimum SIP: Rs 100 per month
Expense Ratio: 1.63% (by April 30, 2024)
Total Assets: Rs 26,822 crore (as on April 30, 2024)
Top stocks in your portfolio
Power Finance
Cholamadalam Investments
Voltas
Supreme Industries
Varun Beverages
Fortis Healthcare
NTPC
Max Financial
Prestige Estate
REC
LIC Mutual Fund’s best scheme, monthly SIP of Rs 10000 turned into 1 crore in 20 years
Top Sectors
Financial
Consumer
Industrial
Healthcare
Materials
Technology
Asset Allocation
This scheme has 99.38% asset allocation in equity and 0.62% in debt. The scheme invests 37% of its money in the largecap category, 61.41% in midcap and 1.61% in smallcap.
RD Latest Rates: Guaranteed returns on investing like SIP, up to 8.35% annual interest, more profit in long term
The best and worst years
The best year for Nippon India Growth Fund was between 23 March 2020 and 23 March 2021. During this period, the fund has given a return of 95 percent. The worst year was between 4 April 2019 and 3 April 2020 and during this period the return of the fund was minus 28 percent.
The quarter from 22 May 2020 to 24 August 2020 can be called the best, when the fund gave a return of about 36 percent. Whereas the quarter from 3 January 2020 to 3 April 2020 was the worst and during this period the return was minus 30 percent.
(source: value research)
(Note: Here we have given information about the past performance of the mutual fund scheme. This is not an investment advice. There is no guarantee that any scheme will repeat its past performance. Therefore, invest only after taking advice from a financial advisor.)