Notably, every investor wants to turn his small investment into crores. Super profits however, are very tough to come by. Most of the time it is impossible. However, there is one place where investors have managed to turn up gold. With an investment of just Rs 10000 to start with, they accumulated a huge corpus of over Rs 8 crore. Want to know how? It is a time of celebration for those investors but over and on top of that, it holds valuable lessons for every investor eyeing big money. So, here is how make money, but it will not be fast. However, you will get to celebrate.
To make for similar amounts of money, the investor will have to be very disciplined and focus should be clear. No dilly-dallying, no eyeing of exit doors, and definitely no fear or doubt. So, how does this money-making scheme work?
First of all, know what it is. Meet HDFC Top 100 Fund. Launched way back in 1996, this fund has blossomed into a magnificent money generator for its investors. HDFC Top 100 Fund is an open-ended fund.
And the reason why we are actually saying this is because of its magnificent 19% compounded annual growth rate (CAGR)! These returns are for the period starting from October 1996 and just short of hitting the 28-year mark now. The period is October 1996 to May 31, 2024.
The lucky investor who started investing from inception would be a multiple times crorepati. And what would the SIP amount be? Rs 10000 invested month after month without a break. The return? Rs 8.3 crore. That in itself would have been a marvellous streak of investment showing grit and purpose on the part of the investor. Considering that, the investor very much deserves to celebrate.
But what about others?
They need to have the same discipline we mentioned earlier. In case the time frame was too long for you, then here is another money-making example that will simply awe you and that too with a low starting amount of Rs 1000.
A SIP of just Rs 1000 per month could have turned to Rs 282,467 in a period of just a decade (between June 25, 2014 to June 25, 2024), Value Research data shows.
Of course, if you want to reduce the period to 5 years, then the return was to the tune of 16.56%. The 3-year return by the fund was higher at 20.50%.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Who wants to be a crorepati? To make sure you celebrate your becoming a crorepati, know how this Rs 10000 turned into over Rs 8 crore. Here is how to make money. What you must do. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
