Are you looking to invest somewhere better? But you don’t understand where to do it? Then there is good news for you. Many people don’t know that after Diwali, the new era begins. The beginning of investing in the new era is considered auspicious. Many people prefer to invest in different schemes at this time. If you want good returns in the long term, then mutual funds can be a better option. There are many mutual funds that have given good returns to investors. SIP’s have made investors millionaires.
Annual return of 20% in 15 years
One of these, the Nippon India Growth Fund, has also made investors millionaires. This is a 29-year-old high-risk fund. It has given tremendous returns to investors in both SIPs and lump sums. If you talk about 15 years, then it has given an annual return of about 20 percent. In these 15 years, it has converted an SIP of Rs 10,000 into a fund of Rs 1 crore.
1 crore fund from 10 thousand SIP
You’ll be surprised after hearing that this fund has converted an SIP of Rs 10,000 into a fund of one crore in 15 years. The fund has generated an average annualized return of 19.21 percent over a period of 15 years. If you had invested one lakh rupees in a lump sum and 10 thousand rupees every month 15 years ago, then today this amount would have been one crore 3 lakh rupees. In these 15 years, the investment would have been only Rs 19 lakh. The remaining amount is received as interest.
Tremendous returns given in lump sum too
This mutual fund has given tremendous returns to investors even after investing a lump sum amount. This return in one year has been 53.13 percent. At the same time, the average annual return in 3 years is 27.52 percent, and the average annual return in 5 years is 31.37 percent. Accordingly, an investment of Rs 1 lakh in a year has been converted into Rs 1.53 lakh.
Rs 10,000 became Rs 42 lakh in lump sum
This mutual fund has given good returns in lump sums since its launch. The 29-year-old fund has given an average annualized return of 23.21 percent on a lump sum. If you had invested a lump sum of just Rs 10,000 at the launch of this fund 29 years ago, then those 10 thousand rupees would have turned into about 42.50 lakh rupees today.
