Crorepati Dream! Rs 10,000 monthly SIP in this mutual fund grows to Rs 16.5 crore in 29 years
economictimes.indiatimes.comHDFC Flexi Cap Mutual Fund, one of the oldest running MF schemes in India, has grown nearly 150 times in over 29 years to deliver a staggering return of 18.87% CAGR during the period.
An SIP of Rs 10,000 invested since inception on January 1, 1995, systematically on the first business day of every month (total investment Rs 34.8 lakh) in the fund would have grown to Rs 16.5 crore by December 31, 2023.
Such performance is a testament to the fund's ability to navigate market fluctuations and deliver steady growth to investors, the AMC said.
HDFC Flexi Cap Fund is an open-ended dynamic equity scheme investing across largecap, midcap and smallcap stocks.
The fund’s investment strategy revolves around a bottom-up approach to stock selection with focus on quality companies at reasonable valuations.
“The idea is to select strong companies with growth drivers in the medium- to long-term.
After a considered evaluation of the industry and business cycle and the positioning of a company within that sector, risk-adjusted position is taken in the portfolio,” HDFC AMC said.
The scheme follows a research-driven investment process ably supported by an extremely experienced in-house research team covering over 400 stocks. Diversification across sectors and themes, coupled with a sharp focus on valuations, underscores the fund's commitment to sustainably create alpha through a disciplined and scalable process.
«As HDFC Flexi Cap Fund marks its 29th anniversary, our unwavering commitment to fundamental research and long-term oriented approach to stock selection stands as the cornerstone for wealth creation strategy. Through meticulously crafted portfolios, thorough research, and a dedication to enduring value, we hope to continue to
