Twenty years of the HDFC Index Fund Nifty 50 Plan have been achieved by HDFC Asset Management Co. Ltd. This open-ended technique tracks the NIFTY 50 Index. The fund was established on July 17, 2002, and as of June 30, 2022, it has belongings beneath administration (AUM) of Rs. 5,941 crores. The fund now has a NAV of ₹153.48 as of 1.42 per cent and Value Research has given it a 4-star ranking. The fund’s expense ratio is 0.2%, which is decrease than most different large-cap funds. According to Value Research’s analysis, your ₹10,000 month-to-month SIP could be value ₹94.11 lakh in the present day.
HDFC Index Fund Nifty 50 returns
A month-to-month SIP of ₹10,000 would have grown to virtually ₹4.50 lakh in the present day, based on Value Research statistics, primarily based on the fund’s 12.64 per cent return over the previous three years. A month-to-month SIP of ₹10,000 would have grown to ₹8.22 lakh in the present day approx, based on Value Research, because the fund has generated a trailing return of 11.41 per cent over the previous 5 years. The fund has produced a trailing return of 10.31% over the previous seven years, and based on Value Research, a SIP of ₹10,000 monthly would have grown to ₹13.10 lakh in the present day approx. The fund has produced a return of 12.83 per cent over the previous ten years, and based on Value Research, a SIP of ₹10,000 monthly would have grown to ₹22.54 lakh in the present day. A month-to-month SIP of ₹10,000 would have grown to ₹94.11 lakh approx in the present day, due to the fund’s common yearly return of 14.29 per cent since its inception.
Key takeaways of HDFC Index Fund Nifty 50
The asset allocation of the fund consists of investments within the monetary, power, know-how, shopper items, and vehicle industries. Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., and Housing Development Finance Corp. Ltd. are the fund’s prime 5 holdings. The fund invests 99.56% of its belongings in home equities, 99.56% of that are large-cap corporations.
Commenting on the HDFC Nifty50 index fund’s 20-year existence Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Co. Ltd. stated, “Index funds are an appropriate approach for buyers to take part within the India progress story. Our 20 years+ expertise on this area offers us a particular edge. This class is rising and there may be great alternative going ahead. We are increasing our vary of Index Solutions to incorporate a number of further well-liked indices. This approach, we hope to proceed fulfilling our mission to be the wealth creator for each Indian.”
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