Mutual Fund: A SIP of Rs 10,000 made a millionaire in ten years.

New Delhi. The number of people investing in mutual funds in India is increasing day by day. There are two reasons behind this. Firstly, the higher returns offered by mutual funds compared to other traditional investment instruments like fixed deposits. Second, increasing awareness among people about the stock market. Financial advisors believe that investing in mutual funds with a long-term perspective gives more benefits. Motilal Oswal Flexicap Fund has proved this right. The scheme launched in April 20124 has given a compound annual growth rate (CAGR) of 17.17%. This means that if an investor had invested Rs 10,000 per month in this scheme through SIP, by 28 March 2024, his investment (SIP calculator) would have been worth Rs 24.4 lakh.

Similarly, if an investor had invested a lump sum of Rs 10,000 in the fund after its inception, the amount would have increased to Rs 48,176 by 28 March 2024. Motilal Oswal Flexicap Fund is an open-ended dynamic equity scheme that invests in large-cap, mid-cap and small-cap stocks. The asset under management (AMU) of the scheme is Rs 9,660 crore.

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54.80% return in one year
CNBC TV18 Hindi. As per a report, Motilal Oswal Flexicap Fund has given a return of 54.80% in the last one year. The fund has given a CAGR of 15.24% in the last three years and 13.14% in the last five years. The investment objective of this scheme is long term capital gain by investing in equity and equity related instruments.

Load structure
An exit load of 1% is applicable if the investment is redeemed on or before 15 days from the date of allotment. Also, if the investment is redeemed after 15 days from the date of allotment, there will be no exit load. No exit load on switching between Motilal Oswal Focused Fund, Motilal Oswal Mid Cap Fund, Motilal Oswal Flexicap Fund, Motilal Oswal Large & Mid Cap Fund, Motilal Oswal Multi Asset Fund and Motilal Oswal Balanced Advantage Fund Does not apply.

(Disclaimer: The information given here is based on mutual fund performance. If you want to invest in this fund, consult a certified investment advisor first. News18 will not be responsible for any profit or loss you may incur. .)

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