In front of this fund, FD and Nifty fill water, Rs 10 lakh turned into Rs 4.5 crore.

New Delhi. Do you know how much money you would have today if you had invested Rs 10 lakh in a bank FD 20 years ago? How much should you have invested in Nifty? Let us tell you. If you had invested Rs 10 lakh in a bank FD 20 years ago and earned 7.4% interest per annum, you would have had around Rs 43 lakh today. Also, if you had invested the same amount in Nifty, you would have around Rs 2 crore today. But if you had invested the same amount in ICICI Prudential’s Value Discovery Fund, you would have had over Rs 4.5 crore today. Isn’t it amazing?

ICICI Prudential Value Discovery Fund is the largest value fund in the country and has an Asset Under Management (AUM) of Rs 48,806 crore. This means, this fund has around 26% of the total AUM in the value category of mutual funds. The fund has given a CAGR (compound annual growth rate) of over 21% over the last 20 years, while Nifty’s CAGR has been 16%. Similarly, in the last one year, this fund has given 43% profit.

Also Read- Penny Stocks: These 5 Small Stocks That Moved Big Last Week, Returns Will Tempt You To Buy Them

Giving huge profits.
ICICI Prudential Value Discovery Fund has delivered a CAGR (Compound Annual Growth Rate) of over 21% over 20 years. 10,000 rupees invested in this fund 20 years ago has now increased to 4.50 lakh rupees. In the last one year, this fund has turned Rs 10,000 into Rs 14,312, meaning it has given a return of around 43%. It has given a CAGR of 27.28% in three years and turned Rs 10,000 into Rs 20,645. Similarly, the five-year CAGR has been 26 percent and an investment of Rs 10,000 five years ago has now become Rs 32,000.

SIP users are also happy.
Investors who invested in ICICI Prudential Value Discovery Fund through SIP have also become rich. Since the launch of this fund, the monthly investment of Rs 10,000 through SIP has increased to Rs 2.30 crore till July 31. While the actual investment has been only 24 lakh rupees.

Value investing is effective in India as well.
Value investing involves investing in shares of companies that are undervalued but are expected to perform well in the future. ICICI Prudential Value Discovery Fund does the same. The success of this fund has shown that value investing can be effective even in a developing market like India.

Tags: business news, Investments and returns., Money making tips, Mutual fund