Nippon India growth fund growth: Mutual funds and SIPs are good options for those who do not want to take risks in the stock market. The special thing about mutual funds is that here you can invest small amounts through SIP every month. Today we are talking about such a growth fund that has given excellent returns to investors. Let us know the complete details of Nippon India’s growth fund direct-growth.
Nippon India growth fund growth:
Nippon India’s growth fund was launched on October 8, 1995. This fund has completed its 27 years. The fund has given a CAGR of 22.29% since its inception. The performance of this fund has been excellent year after year. It gave excellent returns to its investors.
Nippon India’s growth fund is rated 3-Star by Morningstar and 4-Star by Value Research. It is a Mid Cap Fund, which invests in Mid Cap Stocks. The fund invests in high-growth companies that have the potential to become large caps in order to generate strong returns over the long term.
Performance of Nippon India Growth Fund
Let us tell you that you can also deposit a fund of Rs 13 crore with a monthly SIP of only Rs 10,000. Nippon India Growth Fund has proved that your small investment can make a huge fund for you one day. Yes, Nippon India Growth Fund with a 4-Star rating turned a SIP of Rs 10,000 into Rs 13 crore in 27 years. Let us know the complete details of the returns of Nippon India growth fund direct growth.
Returns of Nippon India Growth Fund Direct-Growth
This fund has given excellent returns in the last few years. Let us know the year-by-year details of its returns.
Last 1 Year Returns: This fund gave Annual SIP returns of 11.89%.
Last 3 Year Returns: This fund has given Annual SIP returns of 27.53% in the last three years.
The last 5-Year Returns: In the last five years this fund has given annualized SIP returns of 21.10%.
Last 10-Year Returns: This fund has given Annual SIP returns of 17.37% in the last 10 years.
Last 15 Years Returns: This fund has given annualized SIP returns of 15.71% in the last 15 years.
Last 20 Years Returns: This fund has provided annualized SIP returns of 18.99% in the last 20 years.
Last 25 Years Returns: This fund has given 22.12% Annual SIP Returns in the last 25 years.
Total Annual Return of Nippon India Growth Fund:
If you had done a monthly SIP of Rs 10,000 from the inception of the fund, your total investment of Rs 32.40 lakh would have grown to Rs 13.67 crore. This fund from Nippon India has given an annual return of 22.29% since its inception. In this way, those who invest regularly in this fund are millionaires today.