Systematic Investment Plan (SIP) has made it easier to invest regularly in the stock market, thereby contributing to overall market growth. For example, the compound annual growth rate (CAGR) return of Nifty 50 from 2010 to 2024 is around 11.85%. This growth has been supported by strong corporate earnings, favorable government policies and increasing participation of retail investors.
Over the past few decades, india has evolved from an agricultural economy to a global power in services and manufacturing. This transformation is driven by a young population, rapid urbanization, technological advancement and development of significant infrastructure. Economic growth has had a profound impact on the stock market. Indices like Nifty 50 are constantly reaching new highs, reflecting the country's potential and investor confidence.
Data shows that multicap funds have provided investors with a balanced risk-return profile. Axis Multicap Fund has given a CAGR return 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 19.93 percent during the same period. Axis Bluechip Fund has consistently given a CAGR return of 12.48 percent for 15 years, outperforming its benchmark. This fund focuses on investing in high quality large-cap stocks, which provides stability and growth potential to investors.
Equity Linked Savings Scheme (ELSS) Fund can be the best option in terms of saving tax. This scheme offers the dual benefit of potential capital growth and tax savings. Axis Fund's scheme with a lock-in of three years has given a return of 16.03 percent annual CAGR in 15 years. sbi has given a return of 15.77 percent in one year, sbi has given a return of 13.93 percent in one year, hdfc has given a return of 13.33 percent and DSP has given a return of 15.2 percent. Axis's retirement fund has also given a return at a double digit rate in five years.
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