Parag Parikh Flexi Cap Fund has multiplied the wealth of its investors by more than 5 times in the last 10 years. In terms of assets, the AUM of this country's largest flexi cap fund has now crossed Rs 1 lakh crore. Known as Parag Parikh Long Term Equity Fund, this open-ended dynamic equity scheme invests in large-cap, mid-cap, and small-cap stocks. Today, in this news, we are going to tell you how you can create a fund of Rs 48 lakh with an SIP of Rs 10,000.
SIP Return of Parag Parikh Flexi Cap Fund
If someone started a monthly SIP of Rs 10,000 on 24 May 2013, with the launch of this scheme, then his fund value would have been 51.03 in the direct plan and 48.04 in the regular plan. According to this, since the launch of this scheme, the investment made through SIP has given an annualized return of 19.84 percent in the case of the direct plan and 18.93 percent in the regular plan.
The glory of Made in India
If someone had invested a total of 6 lakh rupees in 5 years, then today the fund value of the SIP would have been Rs 10,24,349. On the other hand, if someone had invested a total of 10 lakh rupees in 10 years, then the fund value of SIP would have been Rs 35,22,366.
For whom is this scheme right
This scheme proves to be better for those investors who are ready to take the risk of investing in equity for long-term wealth creation and can wait for at least 5 years or more. Along with this, investors should also keep in mind that there is no guarantee that any equity mutual fund or old return will remain in the future or not. Therefore, you have to have patience and restraint before investing anywhere.
PC Social media
