Knowing Ravi had a lot of experience with the stock market, he decided to ask for some advice.

Investors can opt for up to three Rs 250 SIPs, one in each of three different Asset Management Companies (AMCs).

He resolved to take the first step, knowing he had the wisdom of Grandpa Rao guiding him.

In conversation with Daylynn Pinto, Senior Fund Manager – Equities, Bandhan AMC.

Rs 10,000 via SIP since the inception, which would amount to a total investment of Rs 24 lakh, would have grown to Rs 2.30 crore as of July 31, 2024 i.e. a CAGR of 19.41 per cent

LIC's Multi-Cap Fund tops the list of top-performing funds. For a complete overview of all the funds, read the article.

In terms of SIP, a monthly investment of Rs 10,000 since inception would amount to a total investment of Rs 3.7 lakh. As of January 31, 2024, the value of that investment would have grown to Rs 5.48 lakh, i.e. a CAGR of 26.5 per cent. A similar investment in the benchmark would have yielded a CAGR of 20.8 per cent for the same period.