Before investing in Mutual Fund SIP, keep in mind that the investment made in it completely depends on the fluctuations of the stock market. Apart from this, you also have to pay capital gains tax on the returns received from Mutual Fund SIP.
Mutual Fund SIP: There is no doubt that Mutual Fund SIP has given investors huge profits in the long term. But while choosing a Mutual Fund SIP scheme, one should take a very wise decision. If you invest in a good Mutual Fund SIP scheme, then you can make huge profits even in a short time. Today we are going to tell you about such a mutual fund scheme, which made investors millionaires in a short time. Yes, Quant’s Flexi Cap Fund made investors rich in just 10 years.
Gave a bumper return of 22.03 percent in the last 10 years
According to AMFI data, the direct plan of Quant Flexi Cap Fund has given a bumper return of 22.03 percent in the last 10 years. According to this, if a person had started a SIP of Rs 25,000 in this scheme 10 years ago, then today the value of his investment would have been Rs 1,09,18,231.
Also Read-Â SIP of Rs 5,000 will generate Rs 2.63 crore, know how much time it will take
Rs 79 lakh return on an investment of Rs 30 lakh
The total investment in 10 years from a SIP of Rs 25,000 is Rs 30,00,000. That is, this scheme has made the investors’ Rs 30 lakh more than 3 times to Rs 1.09 crore in 10 years. If we remove the investment of Rs 30 lakh from Rs 1.09 crore, then the investors have got a huge return of about Rs 79 lakh on this investment.
Capital gains tax will have to be paid
Before investing in mutual fund SIP, keep in mind that the investment made in it completely depends on the fluctuations of the stock market. Apart from this, you also have to pay capital gains tax on the returns you get from mutual fund SIPs. The total money you get after paying the capital gains tax will definitely be slightly less.
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