Mutual Fund investment plan: Earn Rs 1 crore by investing Rs 1,000 monthly

High-Return Mutual Fund: Every parent worries about their child's future. Here's a big update on mutual fund investments.

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Mutual Funds

Many people invest in mutual funds these days. If you want to secure your child's financial future, this report could be very useful. There's a mutual fund where investing Rs 1,000 monthly can yield over Rs 1 crore for your child's future.

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Which fund is it?

It's the Tata Midcap Growth Fund. Tata Midcap Growth Fund is a regular plan where small, regular savings can build a large fund over time.

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Rs 1,000 SIP

A Rs 1,000 monthly SIP for 30 years could be worth over Rs 1.02 crore, according to current data.

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What are the returns since launch?

Launched on July 1, 1994, the fund has now completed 30 years. The fund has delivered an average annual return of 13.23%. 

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SIP returns:

14.91% over 10 years, 16.51% over 20 years, and 17.92% over 30 years.

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Investment 30 years ago

A Rs 1,00,000 lump-sum investment 30 years ago would be worth Rs 41.58 lakh today. 91.36% is invested in domestic equities.