This growth fund has given excellent returns in the last few years. Know the complete details.
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 you can invest a small amount here every month through SIP.
This small investment of yours can one day create a huge fund for you. That's why people are getting attracted to SIP.
Let us tell you that you can also deposit a fund of Rs 13 crore with a monthly SIP of only Rs 10,000.
Yes, Nippon India Growth Fund with a 4-star rating turned a Rs 10,000 SIP into Rs 13 crore in 27 years.
Nippon India Growth Fund has given 11.89% Annual SIP returns in the last year and 27.53% in the last 3 years.
Nippon India Growth Fund Direct-Growth has given annualized SIP returns of 21.10% in the last five years.
Nippon India Growth Fund has given annualized SIP returns of 17.37% in the last 10 years and 15.71% in the last 15 years.
Nippon India Growth Fund has given Annual SIP returns of 18.99% in the last 20 years and 22.12% in the last 25 years.
If you had done a monthly SIP of Rs 10,000 from the inception of the fund, your total investment would have grown to Rs 13.67 crore.
Nippon India Growth fund was launched on October 8, 1995. It has completed 27 years. It has given a CAGR of 22.29%.