Tata Large & Mid Cap Fund :You must have often heard that investing in mutual funds through Systematic Investment Plan (SIP) can make you a millionaire in the long term. But it is not known how much to invest every month and for how many years. In such a situation, this question must also come to mind that if a SIP of Rs 5000 is done every month, can it create a fund of Rs 5 crore in the future. Yes, this task has been made possible by Tata Large & Mid Cap Fund, a scheme of Tata Mutual Fund.
Tata Large and Midcap Fund is one of the oldest mutual fund schemes in the country and those who have saved something every day and done monthly SIP since its launch, will have a good fund today. We have seen in a calculation that those who saved Rs 167 every day i.e. did a SIP of Rs 5000 per month have got Rs 5 crore today. That is, this scheme has proved to be a long term compounder scheme.
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This old scheme of the country became gold
Tata Large and Mid Cap Fund is one of the oldest mutual fund schemes in the country. It was launched in 1993. Since its launch, this scheme has given SIP investors a return of more than 16.35 per cent per annum.
The scheme was launched 31 years ago
Launch Date : March 31, 1993
Benchmark : NIFTY Large Midcap 250 TRI
Total Assets: Rs 8,318 crore (31 July 2024)
Expense Ratio: 1.78% (June 30, 2024)
Minimum lump sum investment: Rs 5,000
Minimum SIP investment: Rs 100
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5 crores made from SIP of 5000 rupees
SIP return data is available on Value Research since the launch of Tata Large and Mid Cap Fund. In these 31 years, this scheme has given 16.35 percent annualized return to SIP investors.
Monthly SIP: Rs 5000
Duration : 31 years
Upfront investment: Rs 50,000
Annualised return: 16.35%
Total investment in 31 years: Rs 19,60,000 (Rs 19.60 lakh)
Value of SIP investment after 31 years: Rs 4,86,73,614 (around Rs 5 crore)
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SIP is better for retirement
Investing in mutual funds through SIP is a better option for retirement planning. These schemes give better returns than traditional savings schemes. At the same time, the risk is less compared to the stock market. Having a long-term investment goal also reduces the market risk. By investing in SIP, you can create a big fund with small amounts. At the same time, most of your money is not blocked at once.
(source- fund performance: value research, others: Amfi)
(Disclaimer: Here we have given information only about equity funds and their returns. This information is based on the performance of the fund, not investment advice. If you want to invest, then definitely take expert advice.)
