Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), on Thursday said it has achieved a milestone for its flagship equity scheme — the Nippon India Growth Mid Cap Fund. Launched on October 8, 1995, the fund has completed 30 years, delivering a compounded annual growth rate (CAGR) of 22.33 per cent since inception. The scheme's net asset value jumped 80 times during the period. Advertisement

A lump-sum investment of Rs 1 lakh in the fund at launch would have grown to nearly Rs 4 crore today. In the case of systematic investments, a monthly SIP of Rs 1,000 since inception would have grown into Rs 2.25 crore, while a 10-year SIP of Rs 10,000 per month would have matured to Rs 36.9 lakh, delivering a CAGR of 21.39 per cent.

With an AU

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