Nippon India Small Cap Fund: An investment of just Rs 18 lakh became Rs 1.27 crore, know about this mutual fund that makes you a millionaire...

Nippon India Small Cap Fund: Investors' trust in mutual funds is increasing in the country. The biggest reason for this is their excellent returns. Especially SIP has given a great facility to the common investors to invest in small amounts. In this episode, Nippon India Small Cap Fund has made SIP investors rich in a short time.

Let us tell you that Small Cap Fund is a type of mutual fund that invests in small-sized companies. The market cap of these companies is less than Rs 5,000 crore. Smallcap funds also have a higher return capacity than other funds. However, the risk in them is also higher.

SIP investors became millionaires in 14 years
If an investor had started a monthly SIP of Rs 10,000 in the Nippon India Small Cap Fund Scheme 14 years ago, then today he would have had a corpus of Rs 1.27 crore, which would have included an annual return of 22.22 percent. It is worth noting that the total investment amount of the investor in 14 years is only Rs 18 and the rest would have been earned through compound interest and returns.

The scheme was launched in the year 2010

The Nippon India Small Cap Fund Scheme was launched in September 2010. As of January 3, 2024, the assets under management (AUM) of this fund is Rs 61646.36 crore. Its expense ratio is 1.43 percent.

Where has the scheme invested?

The top stocks of the fund include HDFC Bank, Multi Commodity Exchange Of India Ltd, Kirloskar Brothers, Apar Industries, Tube Investments Of India, Dixon Technologies (India), Elantas Beck India, State Bank Of India, Tejas Networks and Karur Vysya Bank.

(Disclaimer: Mutual fund investment is subject to market risk. If you want to invest in it, then first consult a certified investment advisor. News18 will not be responsible for any kind of profit or loss of yours.)