Power of Rs 1,000 SIP: Rs 1,000 monthly SIP in No. 1 fund has jumped to Rs 2.30 crore since its inception; here's how others have done
Power of Rs 1,000 SIP: Monthly SIP investment value as low as Rs 1,000 can do wonders if is made for long term. In some mutual fund schemes, a Rs 1,000 monthly SIP has grown to up to Rs 2.30 crore.
Power of Rs 1,000 SIP: What can you get for Rs 1,000? A weekend movie ticket, a dinner at a restaurant, a packet of cold drinks for the party. Or may be, not even that. Rs 1,000 appears to be a small amount for many. An amount that probably, can not take care of even their one-day expenditure, let alone for a week. But such a small monthly investment, if invested wisely, can multiply your wealth more than mutiple times. How? If you stay in a well-performing investment for years. It happens because investment compounds and its impact reflects in the long run. There are mutual fund schemes that have converted Rs 1,000 monthly SIP into up to Rs 2.30 crore since their inception. In this write-up, we take you through 6 such mutual funds where Rs 1,000 monthly SIP has grown to at least over Rs 1.43 crore since the beginning of respective schemes.
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Nippon India Growth Fund
The mid cap fund has given 23.25 per cent annualised returns (CAGR) since its inception in October 1995.
The fund has assets under management (AUM) of Rs 33,707 crore, while its net asset value (NAV) is Rs 4,280.4360.
Benchmarked against NIFTY Midcap 150 TRI, it has an expense ratio of 1.59 per cent.
Nippon India Growth Fund
The fund has Rs 100 as the minimum SIP and lump sum investments.
A Rs 1,000 monthly SIP in the fund since its inception, or total investment of Rs 3,36,000, has turned into Rs 2,29,97,282 in the 28-year time frame.
Franklin India Prima Fund
The fund has given 20.13 per cent annualised SIP returns since its debut in December 1993.
It has an asset base of Rs 12,746 crore, while its NAV is Rs 2,856.5885.
Benchmarked against NIFTY Midcap 150 TRI, the fund has an expense ratio of 1.76 per cent.
Franklin India Prima Fund
It has Rs 500 as the minimum SIP and Rs 5,000 as the minimum lump sum investment.
A Rs 1,000 monthly SIP in the fund since its inception, or total investment of Rs 3,60,000, has converted into Rs 2,20,54,017 in the 30-year period.
HDFC ELSS Tax Saver
The tax saver fund has given 24.07 per cent annualised returns since its launch in March 1996.
It has AUM of Rs 16,422 crore, while its NAV is Rs 1,424.2170.
HDFC ELSS Tax Saver
Benchmarked against NIFTY 500 TRI, the fund has an expense ratio of 1.70 per cent.
HDFC ELSS Tax Saver
The fund has Rs 500 as the minimum SIP and lump sum investments.
A Rs 1,000 monthly SIP in the fund since its inception, or total investment of Rs 3,36,000, has turned into Rs 1,94,41,137 in 28 years.
HDFC Flexi Cap Fund
The fund has given 19.42 per cent annualised SIP returns since its inception in January 1995.
It has an asset base of Rs 63,436 crore, while its net asset value (NAV) is Rs 1,962.7740.
HDFC Flexi Cap Fund
Benchmarked against NIFTY 500 TRI, the fund has given 19.42 per cent returns since its launch.
HDFC Flexi Cap Fund
At an expense ratio of 1.44 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment.
A Rs 1,000 monthly SIP in the fund since its inception, or total investment of Rs 3,48,000, has turned into Rs 1,96,68,230 in the 29-year time frame.
Franklin India Flexi Cap Fund
The fund has given 18.69 per cent annualised SIP returns since its inception in September 1994.
It has assets under management (AUM) of Rs 17,843 crore, while its net asset value (NAV) is Rs 1,710.2618.
Benchmarked against NIFTY 500 TRI, the fund has given 20.13 per cent annualised returns (CAGR) since its debut.
Franklin India Flexi Cap Fund
At an expense ratio of 1.71 per cent, the fund has Rs 500 as the minimum SIP and Rs 5,000 as the minimum lump sum investment.
A Rs 1,000 monthly SIP in the fund since its inception, or total investment of Rs 3,60,000, has turned into Rs 1,80,27,142 in the 30-year time frame.
Aditya Birla MNC Fund
The fund has given 17.78 per cent annualised SIP returns since its inception in April 1994.
It has assets under management (AUM) of Rs 4,055 crore, while its net asset value (NAV) is Rs 1,459.5900.
Aditya Birla MNC Fund
Benchmarked against NIFTY MNC TRI, the fund has given 17.78 per cent annualised returns (CAGR) since its launch.
Aditya Birla MNC Fund
At an expense ratio of 1.98 per cent, the fund has Rs 100 as the minimum SIP and Rs 1,000 as the minimum lump sum investment.
A Rs 1,000 monthly SIP in the fund since its inception, or total investment of Rs 3,60,000, has turned into Rs 1,42,53,834 in the 30-year time frame.