From Aam to Crorepati: Radhika Gupta of Edelweiss Mutual Fund tells how time turns SIPs into wealth

Monthly SIPs can create wealth, but only with patience, said Radhika Gupta, CEO of Edelweiss Mutual Fund. She called it the aam crorepati ki kahaani, highlighting how consistency in SIPs can help build a sizable corpus.

Gupta posted on social media platform X that, “Aam Crorepati ki Kahaani. Can SIPs make you rich? Yes, if you give them time.”

https://x.com/iRadhikaGupta/status/1961344650788348141


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This post came in response to a user’s post which showed that a Rs 10,000 SIP can turn to over Rs 1 crore in a 15 year period and also showed top 10 equity mutual funds.

These top 10 funds include large & mid cap, mid cap, and small cap funds and also had Edelweiss Mid Cap Fund at the second position.

According to the data shared by the user, a monthly SIP of Rs 10,000 in Edelweiss Mid Cap Fund would have grown to Rs 1.24 crore with an XIRR of 20.8% in a 15 year period. The total amount invested would have been Rs 18 lakh only.

Gupta has always talked about how SIPs can help in achieving the goals. The CEO in the recent past shared that a smart person asked her whether to choose equities, mutual funds or SIPs to which she replied that it drives her crazy that after all these years people think SIP and mutual funds are different and that mutual fund means only equity.

While simplifying this, Gupta said that mutual funds are a food court, equity is a dish, and doing an SIP is like subscribing to a meal plan rather than going and buying every day / month.

She posted on X that , “A reasonably smart person asked me a question: should I choose equities or mutual funds or SIP? It drives me crazy that after all these years, people think SIP and mutual funds are different, and that mutual fund means only equity.

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I tried to simplify: 1. Mutual funds are a food court 2. Equity is a dish 3. Doing an SIP is like subscribing to a meal plan rather than going and buying every day / month

Another old post by the CEO mentioned that SIPping is a marathon and time makes a big difference.

In her last post, Gupta talked about the new multi manager fund in GIFT city and its taxation.

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