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Mutual Fund SIP Interest Rate : If you are planning to invest in Mutual Funds, then you must understand Systematic Investment Plan (SIP) investment. You can invest your money in mutual funds through SIP with as little as Rs.
get strong returns
If you are also going to invest in SIP for the first time. For this we are going to tell you some tips. If you follow all the tips, you can get strong returns. Also, the chances of losing your money are reduced.
investors become millionaires
Let us tell you that investing in Mutual Funds is easier than ever. ICICI Prudential Multi-Asset Mutual Fund Growth Option has completed 20 years of its existence. ICICI Prudential Mutual Fund was introduced by the fund house on 31 October 2002. The Compound Annual Growth Rate (CAGR) of this mutual fund has been 21.21 percent as on 3rd November 2022.
₹1.8 crore received in 20 years
ICICI Prudential Multi-Asset Mutual Fund has been rated 4-star by Value Research. In 20 years, the SIP of 10 thousand rupees has increased to ₹ 1.8 crore. Since the launch of the fund, the monthly SIP of Rs 10,000 invested has been converted into Rs 1.8 crore in 20 years. In the last 5 years, the fund has generated an annual SIP return of 18.48 per cent. Accordingly, the monthly SIP of 10,000 done 5 years ago would have now become 9.51 lakh.
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Disclaimer: The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from ABPLive.com here.
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