2024-01-26 14:25:49
If you want to double your money, you must have a habit of investing regularly. Only then will you know the power of that money. It will work like bru big magic. If it has been worked out by Warren Buffett, see Samayam Tamil
The great scientist Albert Einstein once opined that compound interest is the eighth wonder of the world. This concept is more than 100 years old and it is still being proven.
The truth is that even if you invest a small amount, if you keep doing it, it will grow big and give you a big pleasant surprise. Well you ask what is the plan to convert this Rs.1 lakh to Rs.24 lakh. DSP India Tiger Fund is one scheme that offers such returns.
The scheme was launched on June 11, 2004 i.e. 19 years and 7 months ago. The fund has been giving its investors an annual return of 17.27% since inception.
If you have invested Rs 1 lakh in DSP India TIGER fund during its inception, your profit in December 2023 will be Rs 24.33 lakh. The scheme has yielded a CAGR of 48.99 percent in the last one year. That is, if someone had invested Rs 1 lakh in this scheme a year ago, today it would be Rs. 1,48,990 would have grown.
In three years, the scheme has given an annual return of 37.08 percent. That means if one invested 1 lakh three years ago, today that investment would be worth Rs. 2,57,160 would have gone up.
In the last 10 years, the scheme has given an annual return of 20.02 per cent, whereby an investment of one lakh would have given you a profit of Rs 6.20 lakh.
Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.
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