Value Discovery Fund has given a CAGR of over 21% in 20 years. The Rs 10,000 invested in this fund 20 years ago has now increased to Rs 4.50 lakh. In the last one year, this fund has turned Rs 10,000 into Rs 14,312.
New Delhi. Do you know that if you had invested 10 lakh rupees in a bank FD 20 years ago, how much money would you have today? How much would you have if you had invested in Nifty? Let us tell you. If you had invested 10 lakh rupees in a bank FD 20 years ago and got an annual interest of 7.4%, then today you would have around 43 lakh rupees. On the other hand, if you had invested the same amount in Nifty, then today you would have about 2 crore rupees. But if you had invested the same amount in ICICI Prudential’s Value Discovery Fund, then today you would have more than 4.5 crore rupees. Isn’t it amazing?
ICICI Prudential Value Discovery Fund is the largest value fund in the country and its asset under management (AUM) is Rs 48,806 crore. That is, this fund has about 26% of the total AUM in the value category of mutual funds. This fund has given a CAGR (Compounded Annual Growth Rate) of more than 21% in the last 20 years, while the CAGR of Nifty has been 16%. Similarly, this fund has given 43 percent return in the last one year.
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Giving tremendous returns
ICICI Prudential Value Discovery Fund has given a CAGR (Compounded Annual Growth Rate) of more than 21% in 20 years. The Rs 10,000 invested in this fund 20 years ago has now grown to Rs 4.50 lakh. In the last one year, this fund has turned Rs 10,000 into Rs 14,312, i.e., it has given a return of about 43%. It has given a CAGR of 27.28% in three years and has turned Rs 10,000 into Rs 20,645. Similarly, the CAGR of five years has been 26 percent and the Rs 10,000 invested five years ago has now become Rs 32,000.
Those who did SIP also got relief
Investors who invested in ICICI Prudential Value Discovery Fund through SIP have also become rich. Since the inception of this fund, a monthly investment of Rs 10,000 through SIP has become Rs 2.30 crore by July 31. Whereas the actual investment has been only Rs 24 lakh.
Value investing is also effective in India
Value investing involves investing in shares of companies that are undervalued but are expected to perform better in the future. This is what ICICI Prudential Value Discovery Fund does. The success of this fund has shown that value investing can be effective even in a developing market like India.
Tag: business news, Investments and returns, Money making tips, Mutual Funds
first published : August 25, 2024, 5:01 PM IST