Mutual funds are a great way to save money and build wealth. However, market risk is also connected to them. However, investing a portion of your salary in SIPs is recommended.
Today, we are going to talk about a HDFC mutual fund that has given investors who have put money into it since the beginning a huge return. By investing Rs 10,000 per month, these individuals have amassed more than Rs 12 crore.
The HDFC Flexi Cap fund is now 28 years old. This fund has returned a significant 30 percent in the past year.
A person would have amassed a substantial corpus of Rs 12 crore at an average interest rate of 20% if he had paid Rs 10,000 as SIP for the previous 28 years.
An SIP of Rs 10,000 has yielded a return of Rs 1.39 lakh in the past year.
Investors in this fund have received a return of 31% over the past three years. If a person had invested Rs 10,000, he would have received a total return of Rs 5.61 lakh and invested a total of Rs 3.60 lakh.
It has returned an average of 21% over the past five years, while over the past 15 years, it has returned an average of 15%.
Market risks are involved when investing in mutual funds. Invest after conducting research and seeking expert advice.
