HDFC Top 100 Fund, one of the longest running mutual fund schemes in India, has given 19% Compound Annual Growth Rate (CAGR) returns over the last 27 years.
At this growth rate, the scheme, launched in October 1996, would have turned a monthly SIP of Rs 10,000 (total investment Rs 33.20 lakh) into Rs 8.30 crore in 27 years.
“An SIP of Rs 10,000 invested systematically on the first business day of every month in HDFC Top 100 Fund would have grown to Rs 8.30 crore by May 31, 2024. This performance is a testament to the fund’s ability to navigate market fluctuations and deliver growth to investors,” HDFC Mutual Fund said in a statement on Tuesday.