In mutual funds, a sip of just Rs 10,000 can make you a millionaire. Schemes of mutual funds making millionaires include Sundaram Midcap Fund. The fund started in July 2002. If you had signed only Rs 10,000 every month in this scheme, then today you would have about 4.71 crore rupees. If you had invested only 1 lakh rupees in a lump sum, then today your investment would have increased to Rs 1.4 crore.
Sundaram Midcap Fund started in July 2002
Sudram Mutual Fund (Sundaram mutual fund) This midcap fund of July has completed 23 years this July. It is one of the oldest midcap funds in India. It uses bottom-up stock picking strategy in investment. Its focus occurs on midcap companies that have good growth in long periods of business. The annual return of this fund was 20.7 percent.
Investment in midcap stocks with good growth likely
Bharat S, the head of equities in Sundaram Mutual, said, “Our focus has been on companies whose conditions are strong and the possibilities of growth are good. Discipline in risk control and valuation has been at the center of our investment.” The main goal of this fund is the growth of capital. However, it is important to keep in mind that midcap shares are more unlikely than largecap.
This midcap fund is right for long -term investment
Sundaram midcap 65–100 percent invests in instruments related to shares and shares of midcap companies. Its investment in other shares is between 0-35 percent. Its benchmark Nifty Midcap is 150 TI. S Bharat and Ratishan B Warrier are its fund managers. This fund is perfect for investors who want to invest for long periods. The return of midcap stocks is better than largecap stocks. However, the decline in the market has a greater impact on these stocks.
Previous performance is not guaranteed good performance in future
Experts say that investors should not decide to invest by looking at the previous performance of a fund or scheme. The reason for this is that good performance behind is not guaranteed good performance in the future. The performance of a scheme has a large hand of market conditions, economic bicycle and fund managers.