Rs 15,000 SIP crosses Rs 1 crore in 15 years
In short
A Rs 15,000 monthly SIP became more than Rs 1 crore in 15 years in 30 of 138 equity mutual fund schemes.
The story matters to investors because it shows how long-term investing can grow money. The report also says past returns do not guarantee future results, and it does not name all the schemes.
What the reporting says
A Rs 15,000 monthly SIP grew to more than Rs 1 crore over 15 years in 30 of 138 equity mutual fund schemes analysed. The publisher summary says small-cap and mid-cap funds dominated the list, while experts warned that past returns cannot predict future gains and urged diversification and scheme selection. The immediate takeaway is that long-running SIPs can build wealth, but the exact fund performance details are limited to the published analysis.
Why it matters
The reported event is an analysis showing that a Rs 15,000 monthly SIP turned into more than Rs 1 crore after 15 years in 30 of 138 equity mutual fund schemes. Small-cap and mid-cap funds were the main winners in the list. The source also cautions that past performance may not repeat, so investors should not treat the figures as a forecast.