How This Mutual Fund Scheme Turned ₹10 Lakh into ₹66 Lakh, Know the details
Mutual Fund Scheme: Mutual funds are directly linked to the performance of the stock market. Therefore, the volatility in the stock market also made investors’ mutual fund portfolios volatile. However, this year, several schemes managed to protect portfolios even in a falling market. Today, we are going to tell you about one such mutual fund scheme that turned an investment of ₹10 lakh into ₹66 lakh.
According to AMFI data, the direct plan of Nippon India Small Cap Fund gave a negative return of 8.33 percent in the last 1 year. Despite the negative returns in the last year, this fund has given bumper returns to its investors over the past 10 years. The direct plan of Nippon India Small Cap Fund has given phenomenal returns of 20.81 percent in the last 3 years, 28.17 percent in the last 5 years, and 20.72 percent in the last 10 years. Based on this, this mutual fund scheme has transformed a lump-sum investment of ₹10 lakh made 10 years ago into a massive fund of approximately ₹65.73 lakh.
The current holdings of Nippon India Small Cap Fund include approximately 235 companies. The fund’s major holdings include names like MCX, HDFC Bank, State Bank of India, Karur Vysya Bank, Bharat Heavy Electricals Limited, Apar Industries, TD Power Systems, Reliance Industries, and Axis Bank. Nippon India Small Cap Fund has the largest portion of its investments in industrial stocks. In addition, a significant portion of the fund is also invested in financial, materials, and consumer discretionary stocks.
