HDFC, an index fund that tracks the Nifty 50, completes 20 years since launch. The fund was launched on July 17, 2002. Today, this fund handles around Rs.6,000 crore. If we had started a SIP of Rs.10,000 per month when this fund started, we would have invested Rs.24 lakhs and the return would have been Rs.94 lakhs.
Development of HDFC, Index Nifty 50!
If you have invested Rs. 10,000 per month in this fund 3 years ago and Rs. 3.6 lakh, its value today is Rs. 4.5 lakh. Because this fund has given an annualized return of 12.64% in three years.
If you invested Rs.10,000 per month 5 years ago and invested Rs.6 lakh, today it is worth Rs.8.22 lakh. Because it has grown at an average of 11.41% per annum.
If 7 years ago I invested Rs.10,000 per month and Rs.8.4 lakhs, today’s value is Rs.13.10 lakhs. It has given an average return of 10.31% per annum.
If we had invested 10 years ago, we would have added Rs.12 lakhs. It would have doubled to 22.54 lakhs today, growing at an average annual rate of 12.83%.
If the fund has been paying Rs.10,000 per month since its inception till today, its value today will be Rs.94.11 lakhs. Because the fund has seen an average annual growth of 14.29% year to date.
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Value Research, which analyzes and reports on the performance of mutual fund schemes, has given the fund a 4-star rating. The expense ratio of this fund is 0.2%. Our investments include companies in the financial, energy, technology, consumer goods and automobile sectors.
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Reliance, HDFC Bank, Infosys, ICICI Bank, Housing Development Finance Corporation are the top 5 holdings of this fund. 99.56% of the fund’s funds are invested in domestic companies. Navneet Munod, CEO, HDFC, AMC, says index funds are ideal for those who want to participate in India’s growth. The category is growing and has a lot of opportunities going forward, he said.
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