Mutual fund calculator: Monthly SIP of ₹10,000 turns to ₹21 lakh in 7 years
Here is an example of an ELSS fund that over the course of seven years, turned a monthly SIP of ₹10,000 into ₹21 lakh, keeping in mind the long-term investment strategy in equity mutual funds.
Quant Tax Plan - Direct Plan - Do
Monthly SIP of
10,000 turns to
21 lakh in 7 year
A monthly SIP of ₹10,000 invested into the fund three years ago would have grown to almost ₹6.44 lakh as a result of the fund's trailing return of 40.94% during the previous three years.
A monthly SIP of ₹10,000 made in this fund 5 years ago would have grown to ₹12.80 lakh as a result of the fund's trailing return of 22.49 per cent over the previous 5 years.
A monthly SIP of ₹10,000 made in this fund 5 years ago would have grown to ₹12.80 lakh as a result of the fund's trailing return of 22.49 per cent over the previous 5 years
A monthly SIP of ₹10,000 started in this fund 7 years ago would now have grown to over ₹21.35 lakh according to the fund's trailing return of 22.13 per cent over the past 7 years.
Quant Tax Plan Direct-Growth returns for the past year have been 10.44 per cent, and since its inception, the fund has generated 21.14% return on average annually.
State Bank of India, ITC, ICICI, Patanjali Foods, and Adani Enterprises Ltd. are the top 5 holdings of the fund.
The fund's sharpe ratio of 1.24, which is higher than the category average of 0.75, shows that it has better risk-adjusted performance in the category.
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