10 years of Modi regime: How mutual funds turned into a must-have investment

The S&P BSE Sensex hit 75,000 points on April 9 for the first time in history and also closed the day on April 10 above a historic mark. This prints a 3-fold increase from the 25,000 points that Sensex was at, when Narendra Modi took over as India’s prime minister in May 2014, after the BJP-led coalition National Democratic Alliance won the general elections. Since then, the S&P BSE Sensex total return index (TRI) gained at a compounded annual growth rate of 13.5 percent and, for the Nifty 50, it stood at 13.6 percent. Small- and mid- cap indices also performed impressively during Modi’s 10-year run.

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