HDFC’s Flexi Cap Fund has transformed a SIP of Rs 10,000 into a huge fund of Rs 21.50 crore in about 31 years since its launch.
Mutual Fund Schemes: The Indian stock market has been witnessing a continuous decline for the past few days. The heavy tariff imposed on India by US President Donald Trump has made this decline even more frightening. Both the major indexes of the domestic stock market have been struggling for the last few days. The Sensex has fallen below the 81,000 mark, while the Nifty has fallen to around 24,500. Mutual fund portfolios are also being affected due to this ongoing decline in the stock market. Meanwhile, today we are going to tell you about such a mutual fund scheme, which has turned a small investment of investors into a huge fund.
HDFC Flexi Cap Fund is the second largest flexi cap fund. This fund was launched in January 1995. HDFC Flexi Cap Fund has turned a SIP of Rs 10,000 into a huge fund of Rs 21.50 crore in 31 years since its launch. If an investor had started a SIP of Rs 10,000 in this fund 10 years ago, then now his investment would have become Rs 31.84 lakh with an XIRR of 18.78%. Similarly, if a SIP of Rs 10,000 was started in it 5 years ago, then now that investment would have become Rs 10.42 lakh with an XIRR of 22.91%. Rs 1 lakh lump sum investment became Rs 1.96 crore
HDFC Flexi Cap Fund has a 5 star rating from both Value Research and Morningstar. If an investor had invested Rs 1 lakh in this fund at the time of launch, his money would have now become Rs 1.96 crore with a CAGR of 18.83%. Similarly, a lump sum investment of Rs 1 lakh made in this fund 10 years ago would have become Rs 4.01 lakh with a CAGR of 14.90%. A lump sum investment of Rs 1 lakh made 5 years ago would have become Rs 3.49 lakh with a CAGR of 28.44% and a lump sum investment of Rs 1 lakh made 3 years ago would now be Rs 1.85 lakh with a CAGR of 22.83%.
Disclaimer: This article is written for information purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. businessleague will not be responsible for any kind of risk.
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