SIP: These 2 HDFC mutual fund schemes turned Rs 1000 SIP into Rs 2 crore corpus; details here
A systematic investment plan or SIP is an investment option offered by many mutual fund investors. Under this scheme, you can start investment on a weekly, monthly, and quarterly basis.
Monthly SIP scheme
If you also want to invest in an SIP regularly, you can create a huge corpus at your retirement.
What will happen if you do Rs 1,000 per month
For example, if you are 30 years old and plan to invest Rs 1,000 every month, some MF schemes can turn your money into Rs 2 crore in around 30 years.
HDFC Mutual Fund Equity schemes
HDFC Mutual Fund Equity's two such schemes have turned investors' funds into Rs 2 crore who have invested just Rs 1,000 per month. Let's take a look at these schemes.
1- HDFC Flexi Cap Fund
HDFC Flexi Cap Fund, SIP return data for 29 years is available. If you do a SIP of Rs 1,000 with an upfront investment of Rs 10,000, you get a 21.57 per cent annualised return in 29 years. Due to this, the value of Rs 1000 SIP becomes Rs 2.06 crore in 29 years.
Total investment in HDFC Flexi Cap Fund
Total investment in 29 years: Rs 3,58,000
Value of investment in 29 years: Rs 2,06,74,120
Where does the HDFC Flexi Cap Fund invest?
Sectors: Banking, IT, auto, etc.
It mainly invested in ICICI Bank, HDFC Bank, Axis Bank, Cipla, HCL Tech, SBI Life, Kotak Bank, Bharti Airtel, Infosys, SBI, and Maruti Suzuki stocks.
2- HDFC ELSS Tax Saver Fund
HDFC ELSS Tax Saver Fund, SIP return data for 28 years is available. If you do a SIP of Rs 1,000 with an upfront investment of Rs 10,000, you get a 23.2 per cent annualised return in 28 years. Due to this, the value of Rs 1,000 SIP becomes Rs 2.33 crore in 29 years.
Total investment in HDFC ELSS Tax Saver Fund
Total investment in 28 years: Rs 3,46,000
Value of investment in 28 years: Rs 2,33,52,145
Where does the HDFC ELSS Tax Saver Fund invest?
Sectors: Banking, IT, auto, healthcare, etc.
It mainly invested in ICICI Bank, HDFC Bank, Axis Bank, Cipla, HCL Tech, SBI Life, Kotak Bank, Bharti Airtel, Infosys, SBI and Maruti Suzuki.
Disclaimer: Investments in mutual funds are subject to market risks. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.