This Flexi Cap Mutual Fund Turned Rs 10,000 SIP Into Rs 24.4 Lakh In 10 Years

business desk business desk | 05-15 00:10

Motilal Oswal Flexi Cap Fund is an equity fund that offers investors an ideal combination of equities with minimal risks. Since its inception on April 28, 2014, the Motilal Oswal Flexi Cap Fund has given a compounded annual growth rate of 17.17 per cent. For example, if Rs 10,000 were invested in the scheme as a Systematic Investment Plan (SIP) every month, this investment would have grown to around Rs 24.4 lakh as of March 28, 2024.

Systematic Investment Plan (SIP) is a process of investing in mutual funds where you contribute a fixed amount regularly. It works by allowing you to invest smaller sums at regular intervals, harnessing the power of compounding and rupee cost averaging.

For those who don’t know, the Motilal Oswal Flexi Cap Fund is an open-ended dynamic scheme. It invests across the large-cap, mid-cap and small-cap stocks. So, an Open-ended Mutual Fund scheme is open for the investors to purchase and redeem the units at the prevailing Net Asset Value (NAV) at any point in time. The NAV of the fund is determined by the performance of the underlying assets of the fund. The mutual fund manager of Motilal Oswal Flexi Cap Fund is Niket Shah.

Besides the mutual funds, Motilal Oswal also advises the investors on the stocks in which they can invest and earn profits. In April, they gave the buy rating to a stock named Angel One. As per reports, there is an increase in the shares of Angel One, and it is said that a strong rally of 56 per cent can be seen in this stock. Its target price has been fixed at Rs 4,200. The current price of the company’s shares is Rs 2,689. The market cap of the company is over Rs 24,174 crore.

The brokerage has said that the net brokerage income of Angel One has increased by 65 per cent. Total operating expenses have increased by 114 per cent annually and 26 per cent quarterly.

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