Monthly SIP of Rs 10,000 Amounting To Almost Rs 29 Lakhs Would Have Grown To Over Rs 3 Crore In 23 Years
Lumpsum investment of Rs 1 lakh has turned to almost Rs 15 lakhs in 23 years
Bengaluru, February 06, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, has reported that Aditya Birla Sun Life Digital India Fund generated more than Rs 3 crore with a monthly Systematic Investment Plan (SIP) of Rs 10,000 in the last 23 years. That implies a compounded annual growth rate (CAGR) of 17% during the same time.
Similarly, a lumpsum investment of Rs 1 lakh has turned to over Rs 15 lakhs in the last 23 years. In other words, a lumpsum investment delivered a CAGR of 12.2% since inception.
The fund was launched on 15th January 2000 with an objective to invest in a range of companies with varying market caps, from blue chip stocks to tech start-ups, providing a diversified portfolio. An investor would likely benefit from the high growth potential of IT, media, telecom and entertainment sectors.
Commenting on the wealth creation, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd said, “The two decades plus wealth creation study shows our Digital India Fund has consistently outperformed its benchmark and peers. An investor has been handsomely rewarded with more than Rs 3 crore by means of a simple Rs 10,000 monthly SIP over the last 23 years. The fund’s focus on capitalizing on opportunities within the technology sector, which is constantly evolving, is a smart move that aligns with the broader trends and advancements shaping the industry. This approach has resulted in the fund’s success and above-average returns, which is a positive sign for investors who are looking for a reliable investment option.”
