Long Term SIP Compounding: Nippon India Growth Fund has completed 29 years. In these 29 years, this mutual fund scheme has proved to be a champion in giving returns. In 29 years, this fund has given 24 percent annualized returns to those doing Systematic Investment Plan (SIP). Since its launch, the return on one-time investment of this fund has been more than 23 percent annually. This 29 year old scheme has made investors who do SIP by saving Rs 1500 every month, millionaires. Today he would have become the owner of a fund of Rs 4 crore.
Nippon India Growth Fund is included in the oldest mutual fund scheme of the country. Nippon India Growth Fund was launched on October 8, 1995. That means it has been almost 29 years. In this scheme included in the midcap category, about 94 percent of the investors’ funds are invested in equity or equity related options. Even in equity, more than 60 percent of the investment is made in midcap stocks.
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SIP return calculation
Annualized return of SIP in 29 years: 23.68%
Monthly SIP: Rs 1500
Total investment in 29 years: Rs 5,22,000
Value of SIP after 29 years: Rs 4,05,11,207 (about Rs 4 crore)
13.50 crores made from SIP of Rs 5000
Annualized return of SIP in 29 years: 23.68%
Monthly SIP: Rs 5000
Total investment in 29 years: Rs 17,40,000
Value of SIP after 29 years: Rs 13,50,37,356 (about Rs 13.50 crore)
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Return calculation on lump sum investment
This fund is going to complete 29 years. During this period, i.e. since launch, the annualized return on lump sum investment has been 23.13 percent. In this sense, if someone had deposited Rs 50,000 in the scheme when it started, his money has now increased to more than Rs 2 crore.
1 year return: 51.21%
3 year return: 26.75%
5 year return: 31.43%
7 year return: 21.66%
10 year return: 19.46%
15 year return: 17.05%
20 year return: 21.15%
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Total AUM and Expense Ratio
The total assets under management of Nippon India Growth Fund as of August 31, 2024 was Rs 33707 crore. Whereas till this date the expense ratio is 1.59 percent. The benchmark for the scheme is NIFTY Midcap 150 TRI. A minimum amount of Rs 100 is required for lump sum investment in this scheme. You can also do SIP with minimum Rs 100.
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Top stocks in the scheme’s portfolio
Nippon India Growth Fund mainly invests in financial, consumer, industrial, healthcare, technology, materials and energy and utilities sectors. These stocks are among the top holdings of this scheme…..
power finance
Cholamandalam Financial
Voltage
Persistent Systems
Federal Bank
Fortis Healthcare
Prestige Estates
Indus Towers
Supreme Industries
NTPC
REC
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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 who are ready to take market risk and have an investment target of at least 7 to 10 years should invest in these.
(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.)