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Monday, January 23, 2017

HDFC Equity Fund



HDFC Equity Fund is one of the oldest and largest diversified equity fund in the country. It has an established track record of over 22 years, over which Rs.10,000/- invested has grown to ~Rs.4.76 lacs ( ~47 times) at CAGR of  ~19.19% as on Dec 30, 2016. While Rs 10,000 invested in NIFTY  500  Index  has grown to Rs 0.69 lacs (~7 times) at a CAGR of  9.23%. In this long journey, the Fund has experienced several market cycles and events like Lehman crises, IT meltdown, Asian crises etc.

In the same period, an SIP of Rs 2,000 per month in HDFC Equity Fund would be today over Rs ~1.03 Crs while a similar SIP in NIFTY 500 would be Rs ~0.26 Crs.

Below table shows the calendar year performance of HDFC Equity Fund vs benchmark NSE 500 since inception. It can be observed that the Fund has meaningfully outperformed its benchmark 19 of the 22 times.



This large outperformance and wealth creation is attributed to superior stock selection and   disciplined approach to investments.  The Fund also has history of consistent dividend track record 

It may be noted that these dividends declared  are tax free in the hands of the investors regardless of the quantum of dividend.







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