InvestorQ : Which is the oldest Mutual fund given 1CR rupees, when only 1 lakh was invested?
Anu Biswas made post

Which is the oldest Mutual fund given 1CR rupees, when only 1 lakh was invested?

Answer
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Roshni Hegde answered.
11 months ago


India's oldest Mutual Fund (MF) scheme, UTI Mastershare Unit Scheme, is a buzzing among mutual fund investors. Recently, one of the mutual fund investors shared her 33-year-old (October 15, 1986- October 15, 2019) investment growth results in UTI Mastershare Unit Scheme fund.

The wealth creation was so strong that it made a growth of 120.5 times returns since its inception. It resulted in an investment from Rs. 1 lakh approx. to over Rs. 1 crore.
The average annual growth of this fund was consistent Compound Annual Growth Rate (CAGR) of 15.627%. A record of uninterrupted annual dividend distribution is been seen in UTI Mastershare Unit Scheme.

UTI Mastershare Unit Scheme is an open-ended equity scheme that invests in large-cap companies that lowers the risk of lossing money due to competitive advantage in the large cap companies.
UTI Mastershare Unit Scheme is most preferred to equity investors and those who expect regular dividends and capital appreciation over long term.

I would like to add, that if you are looking to invest in this do the above line carefully.
Referring to the above journey of mutual fund growth I would say, pick funds by considering the underlying growth in earnings of a company, future earnings growth and valuation.