A lot of people want to become crorepatis in order to aspire to the greatest amount of riches. However, a sizable section of the populace disregards efforts in that direction because they think it is impossible to achieve this aim. This is up for dispute. One can accumulate enough wealth to become a crorepati by retirement by pledging to save even a small amount each month in mutual funds or other investment possibilities that yield an annual return of roughly 7–10%.
A systematic investment plan (SIP) could be a useful tool for people looking to accumulate a sizeable corpus of one crore in ten years or a little more. In order to build up a sizeable sum over time, people who participate in a systematic investment plan (SIP) invest a predetermined amount of money at regular periods, usually monthly. Even small monthly contributions to a mutual fund SIP have the potential to accumulate into a sizable sum over time.
Before making an investment, investors are advised to thoroughly examine the historical performance of a mutual fund scheme in comparison to other schemes in the same category.
To evaluate its returns over time, we have chosen the ICICI Prudential Bluechip Fund Growth for this analysis. ICICI Prudential Mutual Fund offers a large-cap mutual fund called the ICICI Prudential Bluechip Fund Direct-Growth. About sixteen years ago, in May 2008, the ICICI Prudential Bluechip Fund was launched. Since its launch, this large-cap plan has produced an annualized return of 15.92%. It’s crucial to remember that Systematic Investment Plans’ (SIPs’) return computations are different from conventional return computations. In comparison to other schemes in its category, this one has demonstrated steady returns. It is noteworthy for its capacity to reduce losses during market downturns.
The fund mainly makes investments in industries like construction, technology, energy, finance, and automobiles. Compared other funds of a similar nature, it is less exposed to the financial and energy sectors. Reliance Industries Ltd., Larsen & Toubro Ltd., HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd.. are the fund’s top five holdings.
Expense ratio as of September 30, 2024: 0.86%
1.0% exit load
Fund size, or AUM, is Rs 66,207 crore.
No lock-in Locking
11 years old
Reference point: NIFTY 100 TRI
Minimum investment: Rs. 500 in SIPs and Rs. 1,000 in one lump sum
Extremely High Risk
Returns
Time frame The category average for this fund
One month: -3.33% -3.44%
-0.37% for three months -0.34%
Six months A 12.07% rate of 11.2%
One year: 33.94% 31.77%
Three years 16.67% 13.29%
Five years: 20.07% 17.87%
14.94% for 10 years and 13.72%
The investment’s tenure (Rs) The corpus (Rs)
A single year
4,32,000 over three years, or 6,07,432
Over a five-year period, 7,20,000, 12,77,646
Over a ten-year period, 14,40,000
Since the beginning 23,64,000 1,05,57,255
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