HDFC Top 100 Fund: Monthly SIP of 10 thousand rupees made 8.30 crores! Funds of this big company made you rich

Old Large Cap Fund converts Rs 10,000 monthly SIP into Rs 8.30 crores: If you are told that by depositing Rs 10,000 every month, a fund of more than Rs 8 crore can be raised, will you believe it? Probably not. At first, anyone may think that how can such a huge amount be deposited by adding Rs 10,000 each! But this is really possible. The truth is that a decades-old mutual fund of a leading mutual fund company of the country has done this amazing feat. That too through a large cap fund! We are talking about the 27-year-old scheme HDFC Top 100 Fund launched by HDFC Asset Management Company (HDFC AMC). The average annual return (CAGR) of this scheme since its launch has been around 19 percent.

How to become Rs 8.30 crore with SIP of Rs 10 thousand!

HDFC AMC has released a calculation of the performance of this large cap fund launched on 11 October 1996. According to this, if an investor has invested Rs 10,000 every month through SIP (Mutual Fund SIP) since the beginning of the scheme, then the total value of his fund would have been around Rs 8.30 crore on 31 May 2024. You can see the complete calculation of the returns of this scheme here:

Scheme Name : HDFC Top 100 Fund

• Launch Date : 11 October 1996

• Average annual return (on lump sum investment) from launch to May 31, 2024: 19.18%

• Average annual return from launch to May 31, 2024 (on monthly SIP): 18.88%

• Monthly SIP amount: Rs 10,000

• Total amount deposited through SIP till 31 May 2024: Rs 33.20 lakh

• Value of SIP investment as on May 31, 2024: Rs 8,30,99,000 (8.31 crores)

• Total return on investment: Rs 7,97,79,000 (7.98 crores)

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Excellent returns even on lump sum investment

HDFC Top 100 Fund has given excellent returns not only on investments made through SIP but also on lump sum investments. If someone had made a lump sum investment of Rs 1 lakh at the time of launch of the scheme, then the value of his investment would have been around Rs 1.28 crore on 31 May 2024. This HDFC Mutual Fund scheme has consistently given good profits since its launch. The SIP return of this scheme of HDFC AMC has been 29.85 percent in the last one year, 22.63 percent in 3 years, 22.25 percent in 5 years, 15.56 percent in 10 years and 14.45 percent in 15 years. The return of this scheme on lump sum investment has been 33.31 percent in 1 year, 19.27 percent in 3 years and 15.27 percent in 5 years.

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Wealth creation happens with good investment and patience: Navneet Munot

Referring to the performance of HDFC Top 100 Fund, Navneet Munot, MD and CEO, HDFC AMC said, “Good investment + time + patience – this has been the tried and tested principle of wealth creation through equity investment. HDFC Top 100 Fund has stood the test of time by following this principle. The wealth creation journey of HDFC Top 100 Fund for more than 27 years is an example of our strong research and investment process. Due to which this fund has been successfully facing many market cycles for a long time. Rahul Baijal, Senior Fund Manager (Equities), HDFC AMC, says that the excellent performance of HDFC Top 100 Fund during the last 27 years is the result of investments made in well-established businesses with strong research and discipline. He said that large-cap stocks offer better risk adjusted returns with stability, making them an attractive option for investors looking for better investment opportunities for the long term.”

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More than 80% large cap stocks in the portfolio

HDFC Top 100 Fund is a large-cap equity fund that follows a diversified investment strategy. Being a large-cap fund, it is mandatory to invest at least 80% of the scheme’s portfolio in large-cap shares. According to publicly available information, currently 80.48% of this fund is invested in large caps, 5.68% in mid-caps and 13.38% in other equities. Overall, more than 99% of this scheme is invested in equities.

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decide carefully

All the data of past performance of this fund is given here for information only. Our aim is not to give investment advice. Being an equity fund, investments made in this scheme are subject to market risk and past performance does not guarantee similar returns in the future. This equity fund falls in the very high risk category. Therefore, before taking any investment decision, keep your risk profile in mind and definitely take advice from your investment advisor.