An SIP of Rs 10,000 invested systematically every month in HDFC Top 100 Fund would have grown to Rs 6.88 crore by September. The HDFC Top 100 fund, which predominantly invests in largecap stocks, has completed 27 years since its launch. The scheme has given around 14% returns on SIP investments made for a period of 10-15 years.
The report found that, while the percentage return is marginally higher for SIPs that started at the bottom of the market cycle, the absolute gain in rupee terms (wealth creation) is far higher for SIPs that began at the top.
The initiative aims to remove the taxation burden from the back of the investors whilst encouraging them to undertake systematic investment plans (SIP) to leverage the benefits of rupee cost averaging to counter volatility, , Bitbns, cryptocurrency, SIP investing, tds