Investors who have been investing in SIP for a long time, their portfolio has not been affected much. Today we are going to tell you about such a mutual fund scheme, which made a SIP of just Rs 10,000 into a fund of Rs 5.31 crore in 25 years.
Mutual Fund SIP: The decline in the Indian stock market, which started at the end of September last year, continues continuously. A large part of the investors’ earnings has been wasted in this decline. Due to this ongoing recession in the market, lakhs of crores of rupees of investors have been lost. Due to this non-stop decline, stock investors as well as people investing in mutual funds are suffering huge losses and their portfolio has also been destroyed. However, the worst effect of this decline has been on those mutual fund investors who have started investing only some time ago.
₹10,000 SIP made ₹5.31 crores, this scheme gave investors a tremendous return
Investors who have been investing in SIP for a long time, their portfolio has not been affected much. Today we are going to tell you about such a mutual fund scheme, which made a SIP of just Rs 10,000 into a fund of Rs 5.31 crore in 25 years.
Money increased more than 17 times in 25 years
Mutual Fund SIP: The decline in the Indian stock market, which started at the end of September last year, is continuing. A large part of the investors’ earnings has been wasted in this decline. Due to this ongoing recession in the market, lakhs of crores of rupees of investors have been drowned. Due to this non-stop decline, stock investors as well as people investing in mutual funds are suffering huge losses and their portfolio has also been destroyed. However, the worst effect of this fall has been on those mutual fund investors who have started investing some time back.
Gave returns at XIRR of 19.03%
However, investors who have been investing in SIP for a long time, their portfolio has not been affected much. Today we are going to tell you about a mutual fund scheme, which made a SIP of just Rs 10,000 into a fund of Rs 5.31 crore in 25 years. The scheme we are going to talk about here has given a return at XIRR of 19.03% in 25 years. The surprising thing is that despite the decline in the Indian stock market for almost 5 months, this scheme did not disappoint the investors and the biggest reason for this is that investment was continued in it for a long time.
Money increased more than 17 times in 25 years
Yes, here we are talking about SBI Long Term Equity Fund. SBI Long Term Equity Fund has given its investors a return of 19.03 percent XIRR in the last 25 years. If you had started a SIP of Rs 10,000 in this scheme 25 years ago, your total investment would have been Rs 30 lakh by now. This scheme has given a return of Rs 5.31 crore on a total investment of Rs 30 lakh. This simply means that this scheme has increased the investors’ money by more than 17 times in a period of 25 years.