Nippon India Growth Fund Returns :If you invest money in a scheme, how much return can you expect? 10 times, 20 times or 50 times? But imagine what a big deal it would be if a scheme gives you more than 400 times returns. You must be wondering where one can get such a return. This has been possible and has been done by Nippon India Growth Fund, a scheme of Nippon India AMC. The SIP return of Nippon India Growth Fund since its launch is 23.44 percent per annum. Whereas for one-time investors, this scheme has given returns at the rate of 23.21 percent per annum since its launch.
SIP Rating: 5 mutual funds giving 4 to 6 times returns in 5 years, money increased in SIP at the rate of 44% annually, all have strong ratings
4 star rated scheme
Value Research has given this fund a 4 star rating. Whereas CRISIL has given 3 star rating. This fund was launched on 8 October 1995. Since then, it has turned an investment of Rs 10,000 into more than Rs 42 lakh. Those who deposited only Rs 1500 monthly through SIP will now have a fund of around Rs 4 crore. The best year for Nippon India Growth Fund was between March 23, 2020 and March 23, 2021. During this period the fund has given 95 percent returns. The worst year was between April 4, 2019 and April 3, 2020 and during this period the return of the fund was minus 28 percent.
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SIP return calculator
Nippon India Growth Fund has completed 29 years this month. SIP return data for 29 years is also available in this. In 29 years, this fund has given 23.44 percent annualized return to SIP investors. After the launch of the scheme, those who invested Rs 1500 every month through the Systematic Investment Plan have now become owners of Rs 3.86 crore.
Annualized return of SIP in 29 years: 23.44%
Monthly SIP Investment: Rs 1500
Total investment in 29 years: Rs 5,22,000
Total value of SIP after 29 years: Rs 3,86,46,246
Gold or Silver: Silver left everyone behind in giving returns this year, price can go up to Rs 125000 by next Diwali, better option than gold.
return on lump sum investment
Nippon India Growth Fund was launched on 8 October 1995. According to the fact sheet of the fund, its annual return since its launch has been 23.21 percent. After the launch of this fund, if someone deposited only Rs 10,000 in it, then the value of his investment now increased to Rs 42,48,363. This fund has consistently performed better year after year. This is a scheme that gives high returns to investors in every phase.
1 year return: 53.13%
3 year return: 27.52% per annum
5 year return: 31.37% per annum
7 year return: 19.98% per annum
10 year return: 18.79% per annum
15 year return: 17.09% per annum
20 year return: 20.92% per annum
Returns since launch: 23.21% per annum
SIP Return Machine: Great scheme to multiply money 5 times in 5 years, Nippon India Mutual Fund’s scheme did wonders
Top Holdings
Nippon India Growth Fund mainly invests in Financial, Industrial, Technology, Healthcare, Energy & Utilities, Real Estate and Materials sectors. Its top holdings are like this…
Cholamandalam Financial
power finance
Voltage
Persistent Systems
Fortis Healthcare
Federal Bank
BSE
Prestige Estates
NTPC
Indus Towers
Supreme Industries
Some more details of the scheme
Launch date: October 8, 1995
Returns since launch: 23.21% per annum
Benchmark: NIFTY Midcap 150 TRI
Total Assets: Rs 35,209 crore (September 30, 2024)
Expense ratio: 1.57% (September 30, 2024)
Minimum lump sum investment: Rs 100
Minimum SIP investment: Rs 100
What is growth fund?
Growth Fund focuses on stocks of those companies which have higher than average growth. Companies which focus on increasing their income, acquisition and research and development. Most growth funds offer high potential capital appreciation, although the risk is slightly higher than average. Growth funds can be the perfect option for long-term investors. Those investors should invest in these who are ready to take market risk and the investment target should be at least 7 to 10 years.
(Note: We have given information about the past performance of the mutual fund scheme here. This is not an investment advice. There is no guarantee that any scheme will repeat its past performance. Therefore, invest only after consulting a financial advisor.)
