If you invest only one part of your income regularly, then nothing can stop you from becoming a millionaire. You will have to make this investment through SIP in the scheme of mutual funds. There are many equity schemes of asset management companies (AMCs) who have made investors millionaires. We are telling you about one such scheme. This scheme is of Canara Robaco Mutual Fund.
This scheme started in 2005
Name of this scheme Canara Robeco Emerging Equites Fund Is. This scheme has made SIP of just Rs 10,000 every month Rs 1.9 crore in 20 years. Not only this, if the investor had done a SIP of Rs 10,000 in this scheme for 10 years, then his money would have increased to Rs 28.47 lakh today. It comes in the category of large and mid -cap equity funds. The fund started on March 11, 2005. It uses bottom-up stock investing strategy.
19.97 percent return of direct plan in 5 years
This fund invests in stocks of midcap companies whose future is likely to become a leader. It invests its 35-65 percent money in largecap and midcap stocks. Invested 0-30 percent of the money in date and money market instruments. In the last 5 years, the returns of the regular plan of this fund have been 18.62 percent and the return of direct plan was 19.97 percent. In the last one year, the return of regular plan was 17.79 percent and the direct plan was 19.01 percent.
More investment in these legendary shares
Canara Robaco Emerging Equities have given more than their benchmark Nifty Large Midcap 250 TRI. The portfolio of this fund is quite diversified. It has invested more in veteran shares like ICICI Bank, Indian Hotels and Bharat Electronics. At present, the portfolio of this fund holds a 47 per cent stake of largecap stocks, 35 per cent stake of midcap and 16 per cent share of smallcap.
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Should you invest?
This fund is good for investors who can take more risk and want to invest for long periods. Long-term means at least 3-5 years old. In this, lump sum investment can be made at least Rs 5,000. SIP can start investment from Rs 1,000 every month. RedeeMs before a year makes an exit load of 1 per cent.