This mutual fund has made 1 lakh into 1 crore!
Some mutual funds have given great returns to their investors in the last few years. One of these is hdfc Flexi Cap Fund. It is an open-ended equity scheme, which invests in large, mid and small cap companies. Recently it has completed its 30th anniversary. Actually, hdfc Flexi Cap Fund was started on 1 january 1995 and since then has proved capable of creating long term wealth for investors. This fund has given an annual average return (CAGR) of 19.13% so far.
1 lakh became 1.88 crores
By 29 november 2024, if someone had invested 1 lakh in the beginning of this fund i.e. in 1995, then by now it would have increased to about Rs 1.88 crores. The biggest thing is that it is 1.52 crores more than the benchmark of NIFTY 500 TRI. Apart from this, if someone had invested in this fund through SIP of Rs 10,000 every month (total investment would have been Rs 35.90 lakh) which would have now increased to about Rs 20.65 crore with the return.
How will it be to invest in it?
According to the report of Financial Express, hdfc Flexi Cap Fund invests in companies that can give good returns in the long term. Apart from this, the bottom-up investment process of the fund is also based on strong companies, which can give returns in the mid term and long term. Apart from this, hdfc Flexi Cap Fund has a diversified portfolio. That is, this fund invests by dividing its portfolio among different sectors and segments, which helps in reducing the risk and stable returns.
May be right for long term investors
The data shows that hdfc Flexi Cap Fund has given great returns in the long term. Apart from this, the diversified portfolio of this fund has also protected investors from market risks. However, such funds often have to data-face the ups and downs of the market. This is why if you are investing in equity, you must have the ability to bear high risk.