Report Wire - 4-star rated mutual fund turns 27 years, SIP of ₹10,000 grown to ₹13 Cr
December 3, 2022

Report Wire

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4-star rated mutual fund turns 27 years, SIP of ₹10,000 grown to ₹13 Cr

3 min read
As on October 31, 2022, Nippon India Growth Fund reported a monthly average AUM of  ₹13,335.45 Cr and a net AUM of  ₹13,510.02 Cr, whereas the NAV was  ₹2,167 for the growth plan and  ₹2,323 for the direct plan. (istockphoto)

Mid-cap fund Nippon India Growth Fund primarily invests in mid-cap shares. In order to construct long-term capital appreciation, the Nippon India Growth Fund invests in high-growth corporations which have the potential to change into massive caps. The fund has been rated 3-star by Morningstar and 4-star by Value Research. The fund was launched on October 08, 1995 and therefore the fund has efficiently accomplished its 27 years of inception. Since inception the fund has given a CAGR of twenty-two.29%, let’s verify now how the fund has turned a month-to-month SIP of ₹10,000 into ₹13 Cr in a span of 27 years.

Performance of Nippon India Growth Fund (Data as on October 31, 2022)

Your complete funding of ₹1.20 lakh would now have grown to ₹1.27 lakh because of a month-to-month SIP of ₹10,000 contemplating the fund’s efficiency of 11.89% during the last yr. The fund has produced an annualised SIP return of 27.53% over the previous three years; therefore, a month-to-month SIP of ₹10,000 would have enhanced your complete funding of ₹3.60 lakh to ₹5.31 lakh. Due to the fund’s annualised SIP return over the earlier 5 years of 21.10%, a month-to-month SIP of ₹10,000 would have now grown your complete funding of ₹6 lakh to ₹10.08 lakh.

Since the fund has returned 17.37% over the previous ten years, a month-to-month SIP of ₹10,000 would now have boosted your complete funding of ₹12 lakh to ₹29.77 lakh. Your total funding of ₹18 lakh would now have grown to ₹65.35 lakh because of a month-to-month SIP of ₹10,000 contemplating the fund’s annualised SIP return over the previous 15 years of 15.71%. Since the fund has supplied an annualised SIP return of 18.99% over the previous 20 years, a ₹10,000 month-to-month SIP would now have accelerated your total funding of ₹24 lakh to ₹2.17 Cr.

Since the fund has returned 22.12% over the previous 25 years, a month-to-month SIP of ₹10,000 would now have multiplied your precise funding of ₹30 lakh to ₹8.87 Cr. Your total funding of ₹32.40 lakh would have grown to ₹13.67 crore if you happen to had made a month-to-month SIP of ₹10,000 for the reason that fund’s graduation, which has an annualised return of twenty-two.29%.

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Performance of Nippon India Growth Fund (mf.nipponindiaim.com) Key particulars of Nippon India Growth Fund

The fund is managed by Manish Gunwani, Dhrumil Shah (Co-Fund Manager) and Tejas Sheth (Co-Fund Manager). The fund is benchmarked in opposition to NIFTY Midcap 150 TRI index. As on October 31, 2022, Nippon India Growth Fund reported a month-to-month common AUM of ₹13,335.45 Cr and a internet AUM of ₹13,510.02 Cr, whereas the NAV was ₹2,167 for the expansion plan and ₹2,323 for the direct plan. The fund additionally reported a Standard Deviation of seven.13, Beta ratio of 0.91 and a Sharpe ratio of 0.23.

For the common plan, the fund imposes an expense ratio of 1.76 and 1.01 for the direct plan. The high 10 trade allocations of the fund contains Finance, Pharmaceuticals & Biotechnology, Banks, IT – Software, Beverages, Consumer Durables, Retailing, Chemicals & Petrochemicals, Leisure Services and Industrial Products. The fund’s high 10 fairness holdings are in Varun Beverages, AU Small Finance Bank, Cholamandalam Financial Holdings, Aditya Birla Fashion and Retail, Max Financial Services, Infosys, The Federal Bank, Devyani International, Angel One and Supreme Industries Ltd.

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