8 equity mutual funds turned Rs 1,000 monthly SIP to over Rs 1 crore in 2-3 decades
equity mutual funds turned a Rs 1,000 monthly SIP into up to Rs 2.31 crore over more than 25 years. Around 33 equity funds have completed 25 years in the market, and about 13 have been around for more than 30 years.
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The Nippon India Growth Fund, launched in October 1995, turned a Rs 1,000 monthly SIP into Rs 2.31 crore since its inception. The scheme has completed 29.33 years in the market. The Franklin India Prima Fund, which has been in the market for approximately 31.18 years, turned the same SIP amount into Rs 2.05 crore since its inception.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-117673436»>Also Read | Sundaram Aggressive Hybrid Fund turns Rs 10,000 SIP to Rs 2 crore in 25 years
The next two schemes on the list are from HDFC Mutual Fund. The HDFC Flexi Cap Fund and HDFC ELSS Tax Saver turned a Rs 1,000 monthly SIP into Rs 1.93 crore and Rs 1.92 crore, respectively, since their inception. These schemes have completed 30.10 years and 28.85 years in the market, respectively.
The Franklin India Flexi Cap Fund, launched in September 1994, turned a Rs 1,000 SIP investment into Rs 1.57 crore since its inception. The scheme has completed 30.36 years in the market. The oldest ELSS fund, SBI Long Term Equity Fund, turned a Rs 1,000 SIP investment into Rs
