Mutual Fund Calculator: If you had done a monthly SIP of Rs 10,000 in this fund five years ago, you would have got Rs 10 lakh today.
Various investments like mutual funds or stocks held for more than a year are considered as long term investments. Let us tell you that investing long term in mutual funds or in any such fund which has risk gives very good returns. When it comes to investing in equity mutual funds, investing for a long period of time will give you the best returns. There is a facility to compound any dividend profits and reinvest them in the same fund. In this, those funds are present which are performing well in the market. A perfect example of long term investment is HDFC Retirement Savings Fund Equity Plan Direct-Growth (HDFC Retirement Savings Fund Equity Plan Direct-Growth). This fund has made a monthly SIP of 10 thousand rupees in 5 years to 10 lakh rupees.
HDFC Retirement Savings Fund Equity Plan Direct-Growth
HDFC Retirement Savings Fund Equity Plan Direct-Growth HDFC Retirement Savings Fund Equity Plan Direct-Growth is a multi-cap fund. It was launched on February 25, 2016 and has a 5-Star rating by Value Research. Since its inception, HDFC Retirement Savings Fund Equity Plan Direct-Growth has generated an average annual return of 20.38%. A monthly SIP of Rs 10,000 started in this fund 5 years ago has now grown to Rs 10.12 lakhs based on the fund’s annualized SIP returns in the last 5 years, which was 21.02%. In the last 3 years, the fund has given an annualized SIP return of 28.75%, so a monthly SIP of Rs 10,000 started 3 years back now amounts to Rs 5.44 lakh.
The fund has provided annualized SIP returns of 25.64% in the last two years, which means a monthly SIP of Rs 10,000 done two years ago would be worth Rs 3.22 lakh today. In the last 1 year, the fund has given an annualized SIP return of 7.31% which is much higher than the category average of 5.10% and has outperformed the benchmark index Nifty 500 TRI of 5.65% during the same period. In the last 1 year, the fund has given a return of 18.99% which is highest in the fund category. The fund has outperformed the category average in each of the three time periods, generating returns of 15.64% in 5 years, 25.66% in 3 years and 9.45% in one year.
HDFC Retirement Savings Fund Equity Plan Direct-Growth Things to Remember The NAV of the fund was Rs.33.63. The fund’s expense ratio is 0.88%, which is higher than majority of other multi-cap funds. If you look at the past returns of the above mentioned funds, you will find that it has doubled the invested money of the investors every 3 years.
The top 5 holdings of the fund are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, Infosys Ltd and Housing Development Finance Corp . The fund has an industry allocation across financials, services, capital goods, consumer staples and technology. The fund invests 87.90% of its assets in domestic equities, of which 31.11% are small-cap companies, 9.86% are mid-cap stocks, and 46.93% are large-cap stocks. Whereas the fund has invested 1.43% in government securities.
