This mutual fund scheme gave a tremendous return of 69.87% in 1 year, investors became rich

Many of the common people of the country, who used to deposit their savings in banks, are now investing in mutual funds. The huge returns from mutual funds in the long term have changed the mood of common investors. AMFI figures are proof that mutual funds have given tremendous profits to investors in the long term. People who invest for a long period get the tremendous benefit of compounding along with attractive returns from the market. But here we are going to tell you about such a mutual fund scheme, which made investors rich within just 1 year.

Huge return of 69.87 percent in 1 year

According to AMFI data, the direct plan of Motilal Oswal ELSS Tax Saver Fund has given a huge return of 69.87 percent in the last 1 year. That is, if an investor had invested Rs 10 lakh in this scheme 1 year ago, then today his Rs 10 lakh would have become Rs 16.98 lakh. The direct plan of this scheme has given a return of 28.13 percent in the last 3 years and 27.51 percent in the last 5 years. 

The current AUM of this scheme is Rs 3983.77 crore

Let us tell you that till August 31, 2024, the AUM of this scheme was Rs 3983.77 crore. This simply means that investors have invested a total of Rs 3983.77 crore in this fund. The current NAV of this scheme is Rs 62.40. This scheme comes under Very High Risk.

You will get the real fun of compounding in the long term

However, this should be kept in mind while investing in a mutual fund scheme. If you want to make a lot of money, you should continue investing for as long as possible. The real benefit of compounding is achieved only when you continue investing for a long period.