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SIPs Build Wealth: 12 Funds Turn ₹10k into ₹11 Cr

By ThePip DeskSIPs Build Wealth: 12 Funds Turn ₹10k into ₹11 Cr

Discover how 12 equity mutual funds transformed a ₹10,000 monthly SIP into over ₹11 crore. Explore the power of long-term investing and wealth creation.

Did you know that a consistent monthly investment of just ₹10,000 could grow into a huge sum over time? A recent ETMutualFunds analysis shows how powerful Systematic Investment Plans (SIPs) can be, with 12 equity mutual funds turning this amount into more than ₹11 crore since they began.

The Power of Long-Term Investing

This study looked at around 305 equity funds, specifically excluding those focused on particular sectors or themes. It highlighted the incredible wealth creation potential of sticking with your investments for the long haul.

  • Out of the funds reviewed, 110 funds managed to grow a ₹10,000 monthly SIP into over ₹11 crore.
  • The top-performing fund in the analysis achieved an impressive corpus of ₹30 crore.

Funds That Delivered Big Returns

Several funds truly stood out, demonstrating how your money can multiply with consistent SIPs. Here are some of the star performers and what they achieved:

  • Nippon India Growth Mid Cap Fund (Oct 1995): A ₹10,000 monthly SIP became ₹29.32 crore, with an XIRR of 22.22%.
  • Franklin India Mid Cap Fund (Dec 1993): The same SIP grew to ₹24.04 crore, showing an XIRR of 19.73%.
  • HDFC Flexi Cap Fund (Mar 1996): This fund turned the monthly SIP into ₹22.76 crore.
  • HDFC ELSS Tax Saver (Jan 1995): Your ₹10,000 SIP could have become ₹21.26 crore.
  • Franklin India Flexi Cap Fund (Sep 1994): This fund delivered ₹16.88 crore from the SIP, with an XIRR of 18.81%.
  • SBI ELSS Tax Saver Fund (Mar 1993): The oldest ELSS fund grew the monthly SIP to ₹14.99 crore, at an XIRR of 17.31%.
  • Franklin India Large Cap Fund (Dec 1993): A ₹10,000 SIP yielded ₹13.82 crore, with an XIRR of 17.29%.
  • HDFC Value Fund (Feb 1994): This value-oriented fund generated ₹12.08 crore from the SIP, also with an XIRR of 17.29%.

Beyond these, four other funds also surpassed the ₹11 crore mark: Nippon India Vision Large & Mid Cap Fund (₹11.70 crore), ICICI Prudential Multicap Fund (₹11.65 crore), Tata Mid Cap Fund (₹11.07 crore), and SBI Large & Midcap Fund (₹11.06 crore).

These figures clearly show that starting a SIP early and staying invested over many years can lead to significant wealth creation, helping you reach your financial goals.

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