Strong profits can be made by investing in stocks. However, for this, investment has to be maintained on its move continuously. Now investors who cannot keep a constant eye on the stock market invest money through Mutual Funds. You can invest in it outright or through SIP. One SIP made him a millionaire with an investment of just Rs 10,000.
How wonderful returns can be obtained by investing regularly, it can be estimated that a SIP has made investors millionaires with an investment of just Rs 10,000. This is SIP i.e. Systematic Investment Plan Aditya Birla Sun Life Balanced Advantage Fund. Since its inception on April 25, 2000, it has given returns at a compound annual growth rate (CAGR) of 9.16 percent. This means that a SIP of Rs 10,000 has become a capital of Rs 1.14 crore in 23 years. This information has been given by the fund house.
Strong profits can be made by investing in stocks. However, for this, investment has to be maintained on its move continuously. Now investors who cannot keep a constant eye on the stock market invest money through Mutual Funds. You can invest in it outright or through SIP.
How is investors money managed?
Aditya Birla Sun Life Balanced Advantage Fund is an open ended Dynamic Asset Allocation Fund. It is a type of hybrid fund that keeps on changing the asset allocation in the proportion of equity and fixed income instruments in the fund according to the market.
According to the fund house, its money is invested in companies with all the market caps that manage it. Fund managers use a top-down approach to identify growth sectors based on economic, social, cultural and political conditions. Whereas for individual stocks bottom down approach i.e. company’s management, PE ratio and other such factors are used.
