Take a dip in SIP with an aim of achieving Financial Moksha
FinTech BizNews Service
Mumbai, January 16, 2025: Kotak Mutual Fund has conducted an intriguing analysis regarding historical market trends during the Kumbh Mela. It's quite fascinating to observe that during this significant cultural event, the markets tend to experience a downturn.
Take a dip in SIP, Achiee Financial Moksha
Kotak Mutual Fund’s analysis covers index returns across large, mid, and small categories, providing an overview of how SIPs have created wealth if started during Kumbh in large, mid, and small-cap indices, highlighting the power of SIP and long-term investing.
SIP Investments have been considered from the start date of Kumbh Mela as mentioned in the table placed in the matter. The SIP Calculation is based on the XIRR Approach.
The returns are calculated by XIRR approach on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration.
