HomeLifestyleSIP of ₹ 10,000 happened to be ₹ 1.8 crore, this Mutual...

SIP of ₹ 10,000 happened to be ₹ 1.8 crore, this Mutual Fund made people millionaires

Highlights

SIP is a systematic method of investment.
Today we are telling you about one such mutual fund.
Which has made investors millionaires.

New Delhi. Investing in Mutual Funds is easier than ever. Now you can not only start investing online, but also invest in mutual fund schemes with a SIP (Systematic Investment Plan) of just Rs.100. Mutual fund investors are preferring to invest through SIP amidst the ongoing volatility in the market. Experts believe that investors are preferring to invest through SIP instead of investing lump sum money. Today we are telling you about a mutual fund that has made investors millionaires.

ICICI Prudential Multi-Asset Mutual Fund Growth Option has completed 20 years of its existence. ICICI Prudential Mutual Fund was introduced by the fund house on 31 October 2002. The Compound Annual Growth Rate (CAGR) of this mutual fund has been 21.21% as on 3rd November 2022.

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Got 4-Star Rating
Investors who wish to benefit from different asset classes from the same portfolio can invest in this fund in consultation with their financial advisors. This fund is best suited for long-term investments of five years or more. ICICI Prudential Multi-Asset Mutual Fund has been rated 4-star by Value Research. Let us see how ICICI Prudential Multi-Asset Mutual Fund Growth Option has grown from ₹10,000 SIP to ₹1.8 Crore in a span of 20 years.

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10 thousand became 1.8 crore
The monthly SIP of Rs 10,000 invested since the launch of the fund has been converted into Rs 1.8 crore in 20 years. A monthly SIP of ₹10,000 made 10 years ago would have now become ₹26 lakh. In the last 5 years, the fund has generated an annual SIP return of 18.48%. Accordingly, the monthly SIP of 10,000 done 5 years ago would have now become 9.51 lakh. Over the last 3 years, the fund has generated an annual SIP return of 24.96%. The monthly SIP of 10,000 done 3 years ago would have now become 5.17 lakhs.

Experts say that SIP is a systematic way of investing. There are many such funds in the long term, which have annual SIP returns of 12 per cent. In mutual funds, the investor does not face direct market risk. At the same time, the returns are also higher than the traditional product. However, there is a risk in this too. Therefore, an investor should make an investment decision after looking at his income, target and risk profile.

Tags: Mutual fund, Mutual funds, Returns of mutual fund SIPs, SIP

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