SIP Investment: An investment of 10 thousand in SIP would have made you a millionaire. This investment would have been more than 10 crores in 28 years.
SIP Investment: Many advise to do SIP (Systematic Investment Plan) while giving investment advice. Investing a fixed amount every month in a mutual fund can earn good returns over a few years, investment experts say. Investing a few thousand through SIP can even make you a millionaire. HDFC Flexi Cap Fund, known as an open-ended dynamic equity fund, has given huge returns to investors. Funds investing in large, mid and small cap stocks have given good returns to customers. This fund, which was started on January 1, 1995, completed 28 years this year. 10 crore at 21% CAGR with an investment of 10 thousand in 28 years.
How much would an investment of 10 thousand have done?
A monthly SIP of Rs 10,000 would have taken your total investment of Rs 1.20 lakh to Rs 1.39 lakh last year. Meanwhile, the fund gave an annual return of 30.29% to investors. An investment of Rs 10,000 would have turned into Rs 3.60 lakh in three years. At a rate of return of 31.03 percent over this three-year period, the investment would have been worth Rs 5.61 lakh.
A monthly SIP investment of Rs 10000 would have been Rs 6 lakh as this mutual fund has returned 20.82 per cent over the last five years. It would have fetched you Rs 10.07 lakhs including refund. The fund has returned 16.11% in the last 10 years. Your SIP investment would have been Rs 12 lakh and would have earned Rs 27.92 lakh at 16.11%.
In the last 15 years, an investment of Rs 10 thousand per month would have been Rs 18 lakh. On that at 15.32% you would have got Rs 63.38 lakh. If you had invested Rs 10,000 from the inception of this mutual fund, you would have got a return of 21%. The investment over this 28 year period would have been Rs 33.50 lakhs. Assuming a return of 21% on that, the amount would have been 12.94 crores.
How 10 thousand is convert into 1 Crore
If a lump sum of Rs 10 thousand was invested in HDFC Flexi Cap Fund from the beginning, Its value would have been Rs 1.18 crore in today’s times.
Where to invest in HDFC Flexi Cap Fund?
HDFC Flexi Cap Fund invests in companies like ICICI Bank, State Bank of India, Infosys, HDFC Bank, NTPC, Bharti Airtel, HCL Technologies, Larsen & Toubro, Mahindra & Mahindra etc.
The fund invests in banking, IT-software, finance, energy, construction, telecom services, automobiles, aerospace and defense, petroleum products and insurance sectors.
(Disclaimer: This news is for information only, you should consult experts, financial advisors to invest in mutual funds. Investment in mutual funds is risky.)
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