You have often heard the saying that old is gold. That is, the older the candid. If you talk about the mutual fund industry, then this is applicable in many schemes. If we look at the returns of 20 or 25 year old schemes, then this is also proved. One such fund is the Tata Ethical Fund, which was launched in May 1996, which is about 24 years ago. Although this fund may not be noticed by many people, but it is included in the top fund in giving returns. If you see the returns of this scheme since launch, then it has given a return of 15.73 per cent CAGR. At the same time, during the last 20 years, the Tata Ethical Fund increased investors’ money more than 9 times.
9 times money in 20 years
Tata Ethical Fund has raised investors’ money more than 9 times in the last 20 years. If someone would have invested Rs 1 lakh in the fund 20 years ago, then its value has increased more than 9 times to Rs 9.33 lakh today. At the same time, in the last 20 years, the value of 10 thousand monthly SIP has increased to Rs 1.53 crore today.
Return in 1 year: 14.35 per
cent Return in 3 years: 8.73 per
cent Return in 7 years: 12.60 per
cent Return in 10 years: 11.48 per cent
According to Omkeshwar Singh, Head of Rank (MF) of SAMCO Securities, SBI Magnum Equity ESG Fund is an open ended equity thematic fund. The fund has given a return of 15.25 per cent annually since inception. The superior rating and ranking of the fund makes it strong on all parameters. It is rated 4 stars by RankMF. The fund has a good long-term record and is good for long-term investors.
Assets: 579 Crore (January 31, 2020)
Expense Ratio: 2.53% (January 31, 2019)
Minimum Investment: Rs 5000
Minimum SIP: Rs 150
Top Holding: TCS, HUL, Infosys, Asian Paints, Alchem Lab