Although there are many funds and shares for investment in the stock market, there are some of all those who fill the bag of investors. Such is the fund of HDFC Bank, the largest private bank in the country, which has given a rapid return to its investors. If the monthly SIP of 5 thousand rupees was done in it from the beginning of this fund, then the fund would have been about 10 crore rupees in today’s date. Not only this, this fund has given amazing returns on lump sum investment.
Which is the fund
We are talking about the fund of HDFC Bank. His name is HDFC ELSS Tax Saver Fund This fund was launched in 1996 about 29 years ago. Since then it has been continuously a favorite fund of investors. From the time of launch of this fund, today the total investment of 5 thousand rupees has been increased to Rs 9.69 crore in 29 years. At the same time, the funds have also given a return of Rs 3,39,62,573 on a lump sum amount of Rs 1 lakh.
What is calculation
29 years ago, a monthly SIP of Rs 5,000 in HDFC ELSS Tax Saver Fund invested a total of Rs 17.40 lakh. The scheme gave an average of 22.09% annual return, which increased the investment amount to Rs 9.86 crore. The total return was Rs 9.69 crore. Also, tax savings of lakhs of rupees were also done from this scheme. In 29 years, the fund gave a great return of 22.27%.
Bumper return given in 5 years
HDFC ELSS Tax Savor Fund has given dhansu returns in the last 5 years. Returns of 27.38% in regular plan and 28.15% in direct plan. Investors have given excellent returns in both these schemes. If any one lakh rupees would have been deposited in them five years ago, then that fund would have reached more than 3 lakh rupees today. In total, the funds of both regular and direct plans have done wonders in five years.