In the last 25 years, one mid-cap mutual fund transformed a Rs 10,000 monthly SIP into over Rs 1 crore, with four mid-cap funds completing 25 years in the market. Notably, Nippon India Growth Fund turned a Rs 10,000 monthly SIP into Rs 1 crore, achieving an XIRR of 22.84% during this period.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an