new Delhi. Mutual Fund SIP (Systematic Investment Plan) is a systematic investment plan. Investments made under this scheme help an investor avoid losses due to volatility in the equity markets. Its compounding benefit feature gives better returns to long-term investors. There are now many such Equity Mutual Funds in the market which have given great returns to their investors.
PGIM India Midcap Opportunities Fund – Direct Plan-Growth (PGIM India Midcap Opportunities Fund – Direct Plan-Growth) is also one such mutual fund scheme which has given good returns to its investors. Value Research has given this fund a five star rating. This mid-cap fund was established on 2 December 2013.
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Since its inception, it has given a return of 355 percent on lump sum investment. The average return of the mutual fund category during this period has been only 17.55 per cent. Investors who had invested lump sum in this fund, it has given about 32.50 percent profit to them. Nifty 50 has given 19 percent return to its investors during this period. From this, it can be estimated that how PGIM India Midcap Opportunities Fund – Direct Plan-Growth has done well for the investors.
You can start investing with Rs 1,000 monthly
Apart from lump sum investment in this mutual fund, investment can also be done through SIP mode. One can start investing in PGIM India Midcap Opportunities Fund with as little as Rs 1,000 a month. Last year, this mutual fund scheme gave an absolute return of 6.85 per cent to SIP investors. At the same time, its annual return rate during this period has been 12.98 percent. If we talk about the last 2 years, then PGIM India Midcap Opportunities Fund – Direct Plan-Growth Mutual Fund has given 56 percent absolute return to its investors. At the same time, the annual return during this period has been around 49.50 percent. In the last five years also, investors have made great profits from this fund. It has given an absolute return of 104.50 per cent in this period, whereas if we talk about the return on an annual basis, then that rate is 29 per cent.
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According to data from Value Research, if an investor had invested ₹10,000 per month in this mutual fund SIP plan, his ₹10,000 monthly investment would have grown to ₹1.25 lakh in a year. At the same time, Rs 1 lakh invested in it would have become Rs 6.49 lakh in three years. Similarly, if an investor had invested Rs 10,00 a month in this fund through SIP five years ago, then today the value of his investment has become Rs 11.98 lakh.
Tags: Mutual fund, Returns of mutual fund SIPs, Systematic Investment Plan (SIP)
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