Business News

Pak blames India for pollution in Lahore

Business News - November 4, 2024 - 12:47pm
Categories: Business News

This midcap mutual fund turned Rs 10,000 monthly SIP to over Rs 1 crore in 25 years

Business News - November 4, 2024 - 11:37am
One midcap mutual fund (MF) turned a Rs 10,000 monthly SIP into more than Rs 1 crore in the last 25 years. Around four mid-cap funds have completed 25 years in the market.Nippon India Growth Fund turned a Rs 10,000 monthly SIP into Rs 1 crore over the last 25 years, achieving an XIRR of 22.84% during that period.<iframe title="Mid Cap Funds: Wealth Creators" aria-label="Split Bars" id="datawrapper-chart-PlVej" src="https://et-infographics.indiatimes.com/graphs/PlVej/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="214" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}();</script>Franklin India Prima Fund, which has completed 25 years in the market, turned a Rs 10,000 monthly SIP into Rs 76.38 lakh during that period, achieving an XIRR of 21.18%.Also Read | Equity mutual funds offer upto 5% return in last week, HDFC Defence Fund leadsTata Mid Cap Fund turned the same monthly SIP into Rs 57.23 lakh, achieving an XIRR of 19.44% over the same period. Taurus Mid Cap Fund converted this monthly SIP into Rs 28.47 lakh with an XIRR of 15.18% in the last 25 years.We considered all mid-cap funds that have completed 25 years of existence, including regular and growth options. Performance was calculated from November 1999 to November 2024.Also Read | Explainer: What is exit load in mutual fundsPlease note that the above exercise is not a recommendation. It was conducted to determine which mid-cap fund turned a Rs 10,000 monthly SIP into more than Rs 1 crore over the last 25 years. Investment or redemption decisions should not be made based solely on this exercise.Always consider your risk appetite, investment horizon, and goals before making any investment decisions.Investing in mid-cap schemes should be considered only if you have a long-term horizon of seven to ten years, as a longer timeframe helps manage volatility more effectively.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle.
Categories: Business News

'Trump won't be good for India US ties'

Business News - November 4, 2024 - 11:10am
Categories: Business News

Pages

Subscribe to Bihar Chamber of Commerce & Industries aggregator - Business News

  Udhyog Mitra, Bihar   Trade Mark Registration   Bihar : Facts & Views   Trade Fair  


  Invest Bihar