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SIP Investment Return: HDFC this scheme is very strong for those investing in mutual funds. The investor in this has prepared a fund of about Rs 10 crore from SIP of only 5 thousand.
Those investing in HDFC funds have received more than 22 percent returns. Highlights
- HDFC ELSS Tax Saver Fund created a fund of 10 crore in 29 years.
- A fund of Rs 9.86 crore was prepared from SIP of 5 thousand.
- Return of Rs 3.6 crore was received on investment of 1 lakh.
All investors know that in order to get strong returns in mutual funds, one has to maintain their investment for a long time. Those investing in this scheme of HDFC Mutual Fund also maintained their money for a long time and the result was that those who started 5 thousand SIPs have also got a fund of about Rs 10 crore. Not only this, the money of investors who had invested one lakh rupees, their money has increased to Rs 3.5 crore. During this time, investors have received more than 20 percent returns.
What is this strong scheme
This scheme of funds that make investors a millionaire is named HDFC ELSS Tax Sver Fund. HDFC Mutual Fund launched this scheme 29 years ago. Then in this scheme, who started an SIP of Rs 5 thousand a month, has got a fund of Rs 9.86 crore today. Money and returns in this scheme also benefit from tax savings. Scheme not only made SIP a millionaire, but also filled the bag of lump sum money. Those who invest a lump sum of Rs 1 lakh on the scheme have received Rs 3.5 crore today.
The HDFC ELSS Tax Saver Fund was launched 29 years ago. During this time, the starting of 5 thousand SIPs has invested a total of 17.40 lakh rupees in this scheme. Scheme has given a return of 22.09 per cent annually. In this way, the total return on investment has increased to Rs 9.69 crore and in 29 years the amount of SIP increased to Rs 9.86 crore. There has also been a tax savings of lakhs of rupees on the scheme. During this time, the return of benchmarks was 14.49 percent. The scheme was launched in 1996.
How much return to the one -bound money
HDFC ELSS Tax Savver Fund has received fierce returns on SIP as well as lump sum investment. If someone had invested a lump sum of Rs 1 lakh in this scheme in the year 1996, then today his fund has also increased to Rs 3.6 crore. Scheme has given a strong return of 22.27 percent in these 29 years. In this way, a total return of Rs 3,39,62,573 was received on an investment of Rs 1 lakh and the fund has increased to around 3 and a half crores.
Even more strong returns in 5 years
Talking about the last 5 years of investment in HDFC ELSS tax saver fund, even more strong returns have been given. This scheme has given a strong return of 27.38 percent in its regular plan in the last 5 years, while this return has increased to 28.15 percent in the direct plan. During this time, the return of benchmarks has been 24.02 percent. If someone had invested Rs 1 lakh in this scheme 5 years ago, it has increased to Rs 3.36 lakh in the regular plan today, while the investment in direct plan has reached more than Rs 3.46 lakh. This means that the investment made in both schemes has increased to 3 and a half times.
Pramod Kumar Tiwari likes to cover the stock market, investment tips, tax and personal finance. Explains complex subjects very easily. In newspapers, dozens of columns have also been written on personal finance. Journalist …Read more
Pramod Kumar Tiwari likes to cover the stock market, investment tips, tax and personal finance. Explains complex subjects very easily. In newspapers, dozens of columns have also been written on personal finance. Journalist … Read more
