If you also want to invest money in the stock market, but cannot afford the risk of up and down in it, then Mutual Fund is the best option for you. In mutual funds, if you want, you can invest a part of your savings in SIP (Systematic Investment Plan) every month.
Nippon India Growth Fund: If you also want to invest money in the stock market, but cannot afford the risk of up and down in it, then Mutual Fund is the best option for you. In mutual funds, if you want, you can invest a part of your savings in SIP (Systematic Investment Plan) every month. A small investment made here every month can give you huge returns in a few years.
Apply 10 thousand every month, you can get 13 crores:
In SIP you can invest in different mutual funds. Even if you invest Rs 10,000 every month for 27 years, you can get around Rs 13 crore. Let us tell you that a mutual fund with a 4 star rating made a SIP investment of Rs 10,000 into Rs 13 crore in 27 years. If a person invests in this fund even from the age of 30, then by the age of 60, he can get Rs 13 crore very comfortably.
What is this fund after all?
Nippon India Growth Fund is a Mid Cap Fund, which invests your money in Mid Cap Stocks. Investors looking for excellent returns in the long term, then this fund can be very good. This Mutual Fund was launched 27 years ago i.e. on October 8, 1995. Since the launch till now, if anyone has invested money in this fund, then in the last 27 years, he has got a CAGR (Compound Annual Growth Rate) of 22.29%.
Performance so far:
Nippon India Growth Fund has given annual SIP returns of 27.53% in the last three years. In such a situation, if you have done SIP of Rs 10,000 a month in this, then in three years your total deposited money is Rs 3.60 lakh, which increases to Rs 5.31 lakh according to the return of 27.53%. Whereas, this fund has given a return of 21.10% in the last 5 years. Accordingly, your investment of Rs 10,000 per month becomes Rs 6 lakh, which becomes Rs 10 lakh after the return of 21.10%.
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