HDFC Mutual Fund | Mutual fund making millionaires, got Rs 1 crore from monthly SIP of Rs 2,000
HDFC Mutual Fund Money flows like water in the stock market. However, investing in stocks has always been risky. Mutual funds also carry risks. However, compared to stocks, it is very low. Investors invest in shares to get higher returns. However, mutual funds have given higher returns than stocks in the long run. Today we are telling you about one such mutual fund scheme. The scheme has raised a total of Rs 1 crore from monthly SIPs of Rs 2,000.
HDFC Top 100 Fund Returns
HDFC Top 100 Fund was launched 28 years ago on September 4, 1996. The mutual fund scheme has given a return of 35.71% in the last one year. It has returned 18.57% in the last three years, 20.08% in the last five years and 15.36% in the last seven years. If someone had done a monthly SIP of only Rs 2,000 in this scheme for 25 years, his corpus would have been Rs 1,03,71,769, of which Rs 6,00,000 would have been invested. In the last 28 years, the monthly SIP of Rs 2,000 in this scheme has increased to Rs 1,83,80,780. Similarly, SIP of Rs 10,000 in HDFC scheme would have increased to Rs 9,19,03,899.
How is the portfolio of HDFC Top 100 Fund?
In open ended schemes, maximum investment has been made in financial stocks like ICICI Bank and HDFC Bank. These are the top 2 stocks in the plan's portfolio. Apart from this, the mutual fund has also invested in leading companies like NTPC, Larsen & Turbo, Bharti Airtel, Infosys.
Disclaimer : Investing in mutual funds and stock market is based on risk. Before investing in the stock market, definitely consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
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