This mutual fund has grew to become ₹10,000 monthly SIP into 21 crore in 30 years
hdfc Flexi Cap Fund, an open-ended dynamic fairness scheme, has finished 30 years since its release on january 1, 1995. a scientific investment plan (SIP) of ₹10,000 invested monthly from inception (totaling ₹35.90 lakh) could have grown to approximately ₹20.65 crore as of november 29 2024, as per the fund residence.
The fund, which invests across massive-cap, mid-cap, and small-cap stocks, has introduced a Compounded Annual increase charge (CAGR) of nineteen.13%.
A ₹1,00,000 investment at the inception could have grown to round ₹1.88 crore, outperforming its benchmark, the NIFTY 500 TRI, by means of ₹1.fifty two crore.
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hdfc Flexi Cap Fund stays one of the longest-strolling schemes inside the Flexi Cap class. Its method emphasises bottom-up inventory selection, chance management, and diversification throughout sectors and marketplace capitalisations.
Navneet Munot, MD & CEO of hdfc AMC, and Roshi Jain, Senior Fund supervisor, highlighted the fund's method to wealth advent and long-term value for buyers.
while the fund has brought sturdy lengthy-term returns, investors must be aware that past performance does now not guarantee future results. Investments in mutual finances, in particular equity-related financial savings schemes, are problem to marketplace risks and volatility.