Fund up to 28 lakhs made in just 8 years with ₹ 10,000 monthly investment, know what is the way?


New Delhi. Generally people prefer to invest in bank products or small savings scheme. But, do you know that along with saving tax from the capital market, strong returns can be achieved. You can save tax on investments through mutual funds. Axis Small Cap Fund is an open-ended equity scheme that primarily invests in small-cap stocks.

Axis Small Cap Mutual Fund has a 5-Star rating from Value Research and 4-Star rating from Morningstar. The fund was incepted on November 29, 2013 so the fund has completed 8 years of its existence giving a CAGR of 23.18% during this period.

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28 lakhs made of 10000 in 8 years
In the last 1 year, the fund has given an annual SIP return of 9.97%, so a monthly SIP of ₹10,000 turns into Rs 1.26 lakh in a year. The fund has given annual SIP returns of 30.85% in the last 3 years. Accordingly, in a monthly SIP of 10,000, your deposit amount increased from 3.60 lakhs to 5.59 lakhs in 3 years. Over the last 5 years, the fund has given an annual SIP return of 24.97%, so a monthly SIP of ₹10,000 has now turned your total invested amount ₹6 lac into ₹11 lac. Since inception, the fund has given annual SIP returns of 20.77%, so a monthly SIP of ₹10,000 will now convert your total invested amount of ₹10.70 lac to ₹28 lac.

In the last 1 year, the fund has given a CAGR of 8.28%, hence the lump sum amount of ₹10,000 has now grown to ₹10,828. In the last 3 years, the fund has generated a CAGR of 27.71%, so a lump sum amount of ₹10,000 has now grown to ₹20,845. Over the last 5 years, the fund has generated a CAGR of 19.78%, allowing a lump sum amount of ₹10,000 to grow to ₹24,680. The fund has given a CAGR of 23.18% since inception, so a lump sum amount of ₹10,000 will grow to ₹63,180.

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The fund is currently being managed by Mr. Anupam Tiwari who is managing this fund since 6 October 2016 with 14 years of experience and Mr Hitesh Das with 11 years of experience since 18 December 2020. are managing.

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