HDFC Top 100 Fund: Rs 10,000 SIP since inception turns into Rs 6.88 crore!

financialexpress.com:

HDFC Top 100 Fund, an open-ended equity scheme predominantly investing in large-cap stocks, has successfully completed 27 years of operation in 2023. Over the past 27 years, the Fund has delivered a Compound Annual Growth Rate (CAGR) of around 19%. 

In a statement, HDFC AMC said a SIP of Rs 10,000 invested systematically on the first business day of every month (total investment Rs 32.40 lakh) in HDFC Top 100 Fund since its inception would have grown to approx Rs. 6.88 crore by September 29, 2023. “This performance is a testament to the fund’s ability to navigate market fluctuations and deliver steady growth to investors,” the AMC said. 

As per the statement, HDFC Top 100 Fund’s portfolio construction follows a bottom-up approach to stock picking blended with top-down sector and macro trends. The Fund follows a diversified style with a blend of GARP (growth at a reasonable price) and value. 

In stock selection, the focus is on the quality of business models, management and financial metrics. Portfolio construction is based on the risk-reward of opportunities available at any given point in time. As per the mandate, more than 80% of the portfolio always remains invested in well-established large-cap companies. The core of the portfolio construction is from a medium to long-term perspective. The strategy will be in line with our philosophy of maintaining a disciplined approach to looking for quality companies at reasonable valuations.

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There is a lot of focus on risk management with active positions being taken in a controlled manner while ensuring compliance with regulatory and internal risk guidelines. Any