Magic of Compounding: Monthly SIP of ₹12,000 into this Mutual Fund Would Have Grown to ₹1 Crore Now
1 month, 3 weeks ago

Magic of Compounding: Monthly SIP of ₹12,000 into this Mutual Fund Would Have Grown to ₹1 Crore Now

Live Mint  

The article showcases the potential of compounding over a long period of time. It focuses on the ICICI Prudential Bluechip Fund, a large cap scheme launched in 2008. By examining the monthly SIPs of ₹12,000 over a period of 10 years, the article demonstrates how an investor could have grown their wealth significantly through systematic investment. The calculations illustrate that the monthly SIP of ₹12,000 could have grown from ₹1.44 lakh to ₹1.05 crore, highlighting the power of compounding. However, it also emphasizes the high risk associated with this scheme due to its high investment risk rating.

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