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SIP: Systematic Investment Plan (SIP) has made it easier to invest regularly in the stock market, thereby contributing to the overall market growth. For example, the compound annual growth rate (CAGR) return of Nifty 50 from 2010 to 2024 is approximately 11.85 percent. This growth is supported by strong corporate earnings, favorable government policies and increasing participation from retail investors.
Over the past few decades, India has evolved from an agricultural economy to a global power in services and manufacturing. This change is driven by a young population, rapid urbanization, technological progress and significant infrastructure development. Economic development has a deep impact on the stock market. Indices like Nifty 50 are continuously reaching new highs, which shows the potential of the country and the confidence of investors.
Data shows that multicap funds have provided a balanced risk-return profile to investors. Axis Multicap Fund has given CAGR returns of 20.40 percent in three years. It has consistently outperformed its benchmark. Birla Multicap has given a return of 12.64 percent and HDFC has given a return of 19.93 percent during this period. Axis Bluechip Fund has outperformed its benchmark and given 12.48% CAGR returns for 15 consecutive years. This fund focuses on investing in high quality large-cap stocks, which offer stability and growth potential to investors.
Equity Linked Saving Scheme (ELSS) is a tax saving option. Fund may be the best option. This scheme offers the dual benefit of potential capital appreciation and tax savings. Axis Fund’s scheme with a lock-in of three years has given returns at the rate of 16.03 percent CAGR per annum in 15 years. In one year, SBI has given 15.77 percent return, SBI has given 13.93 percent return in one year, HDFC has given 13.33 percent return and DSP has given 15.2 percent return in one year. Axis’ retirement fund has also delivered double-digit returns over five years.
Axis ESG Integration Strategy Fund, launched five years ago, focuses on companies with strong ESG practices. And it has given returns at the rate of 16.66 percent CAGR since the beginning. Short term funds can be an ideal option for investors looking for low risk and stable returns over a short investment period. These funds mainly invest in debt and currency market instruments with maturity periods ranging from one to three years. Axis Short Duration Fund, which has completed 15 years, has given a CAGR return of 7.51 percent since inception.
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