How investment of Rs. 29.4 lakhs has become Rs. 7.6 crs?
"A smooth sea never made a skilled sailor." - Franklin D. Roosevelt HDFC Equity Fund has launched 24 years ago on 1 st January 1995. From an initial corpus (AUM) of ~ Rs. 52 crores in Jan’ 95, HDFC Equity Fund has grown from strength to strength and has an AUM of ~ Rs. 23,500 crores as on June 30, 2019. The Fund has stood the test of time over the last 24 years in which the market witnessed series of domestic and global events such as Asian Currency Crisis, Kargil War, Dot Com Bubble, Global Financial Crisis and multiple state and central elections resulting in market volatility. While such events and market volatility would have given cold feet to an ordinary equity investor, an investment through Systematic Investment Plan (SIP) would have helped those investors who would have continued with their SIP regardless of market volatility. Below table gives investment summary of SIP of Rs. 10,000 per month since the inception of the fund: SIP per Month Total Inve...