With Over 60% Returns On 5 Years SIP, You Can Consider This Retirement Saving Fund For SIP

The majority of us rely on investments to sustain our lifestyles and well-being, but we are frequently confused and neglect the retirement period. To keep things simple, an individual's best investing destination is solution-oriented mutual funds particularly retirement funds if you are planning to diversify your portfolio as well as planning to build a retirement corpus. retirement saving funds from the house of HDFC Mutual Fund that have delivered good returns over the years, particularly long-term SIP. Check out the details of the fund below.

HDFC Retirement Savings Fund - Equity Plan - Direct Plan- Growth

It is a Multi Cap equity mutual fund scheme designed for retirement purposes and was launched on 25th February 2016 by the HDFC Mutual Fund. It is an open-ended retirement equity plan mutual fund, and it is a medium-sized fund of its category. The fund's Assets Under Management (AMC) is Rs 1,995 Crores as on 28th February 2022. While the NAV of the fund is Rs 209.925 as on 11th March 2022. Its expense ratio is 0.91%, which is higher than compared to its category average expense ratio. It is a highly risky fund to invest. The fund is currently managed by Shobhit Mehrotra and Srinivasan Ramamurthy. 

Absolute and Annualised Returns

The has given 3 times the category average returns in 1-year investment, while in 2 years, it has given more than double of its category average returns. The fund's returns are promising and outperformed in every invested period. Fund's returns are as follows:

Invested for	Absolute Returns	Annualised Returns
1 Year	22.02%	21.96%
2 Year	79.74%	34.07%
3 Year	70.94%	19.55%
5 Year	113.80%	16.39%
Since Inception	199.34%	19.90%

 

SIP Returns

It has given good returns on SIP on the long term that is 2-year, 3-year, 5 years, and so on. The minimum SIP amount to invest in this scheme is Rs 500. The SIP returns of the fund are as follows:

Invested for	Absolute Returns	Annualised Returns
1 Year	3.89%	7.32%
2 Year	35.81%	32.62%
3 Year	46.83%	26.63%
5 Year	60.25%	18.94%

Portfolio

The fund invests 89.26 percent of its assets in Indian stocks, with 35.21 percent in large-cap stocks, 9.29 percent in mid-cap stocks, and 34.3 percent in small-cap equities. 2.61 percent of the fund's assets are in debt, with 1.75 percent in government securities and 0.86 percent in funds that invest in very low-risk securities.

The financial, services, capital goods, technology, and consumer staples sectors account for the majority of the fund's holdings. In comparison to other funds in the category, it has less exposure to the Financial and Services industries.

ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., HDFC Bank Ltd., and Larsen & Toubro Ltd. are the fund's top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.