Since its inception on January 15, 2000 the Aditya Birla Sun Life Digital India Fund has delivered a compounded annual growth rate (CAGR) of 17%. For perspective, this return means that if ₹10,000 were invested in the scheme as Systematic Investment Plan (SIP) every month, the investment would have grown to over ₹3 crore now, the mutual fund house said.
Similarly, a lumpsum investment of ₹1 lakh would have turned to over ₹15 lakh in the last 23 years.
In other words, a lumpsum investment delivered a CAGR of 12.2% since inception, Aditya Birla Sun Life AMC, a subsidiary of Aditya Birla Capital Limited and investment manager for
Aditya Birla Sun Life Mutual Fund, said.
The fund was launched with an objective to invest in a range of companies with varying market caps, from blue chip stocks to tech start-ups, providing a diversified portfolio.
An investor would likely benefit from the high growth potential of IT, media, telecom and entertainment sectors, the
mutual fund house said.
Commenting on the wealth creation, A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC said, “The two decades plus wealth creation study shows our Digital India Fund has consistently outperformed its benchmark and peers. The fund’s focus on capitalising on opportunities within the technology sector, which is constantly evolving, is a smart move that aligns with the broader trends and advancements shaping the industry."
First Published: Feb 6, 2024 4:56 PM IST
