Aditya Birla Sun Life Digital India Fund generated more than Rs 3 crore with a monthly Systematic Investment Plan (SIP) of Rs 10,000 in the last 23 years.
A lump sum investment of Rs 1 lakh has turned into almost Rs 15 lakhs in 23 years.
Bengaluru, February 6, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, has reported that Aditya Birla Sun Life Digital India Fund generated more than Rs 3 crore with a monthly Systematic Investment Plan (SIP) of Rs 10,000 in the last 23 years. That implies a compounded annual growth rate (CAGR) of 17% during the same time.
Similarly, a lump-sum investment of Rs 1 lakh has turned into over Rs 15 lakh in the last 23 years. In other words, a lump-sum investment has delivered a CAGR of 12.2% since inception.
The fund was launched on January 15, 2000, with the objective of investing in a range of companies with varying market caps, from blue-chip stocks to tech start-ups, providing a diversified portfolio. An investor would likely benefit from the high growth potential of the IT, media, telecom, and entertainment sectors.
Commenting on the wealth creation, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, “The two-decade-plus wealth creation study shows our Digital India Fund has consistently outperformed its benchmark and peers. An investor has been handsomely rewarded with more than Rs 3 crore by means of a simple Rs 10,000 monthly SIP over the last 23 years. The fund’s focus on capitalizing on opportunities within the technology sector, which is constantly evolving, is a smart move that aligns with the broader trends and advancements shaping the industry. This approach has resulted in the fund’s success and above-average returns, which is a positive sign for investors who are looking for a reliable investment option.”
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