Calculate the future value of your monthly SIP investment in Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Plan-IDCW option based on historical performance.
Based on ₹5,000/month SIP for past 5 years
If you had started a monthly SIP of ₹5,000 in Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Plan-IDCW option 5 years ago, your total investment of ₹305,000 would now be worth ₹303,463 today. That is an absolute return of -0.5% and an annualized return (XIRR) of -0.47%.
Systematic Investment Plans (SIP) allow you to invest small amounts periodically (usually monthly) in mutual funds like Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Plan-IDCW option. This approach helps in instilling financial discipline and taking advantage of Rupee Cost Averaging, where you buy more units when markets are low and fewer when they are high.
Analyzing the historical SIP returns of Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Plan-IDCW option helps investors understand the consistency of the fund's performance. While past performance is not a guarantee of future results, a fund that has consistently delivered inflation-beating returns over 3-5 year periods is generally considered a strong candidate for long-term wealth creation.
For SIPs, XIRR (Extended Internal Rate of Return) is the correct metric to measure performance, not CAGR. Since each installment is invested at a different time, XIRR calculates the annualized return for the entire series of cash flows. The chart above shows the real growth of your money invested in Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Plan-IDCW option using actual historical NAV data.
| 1 Year Return | 12.26% |
| 3 Year Return | 0.87% |
| 5 Year Return | -0.47% |