![]() ![]() Enter the amount you are comfortable with investing monthly.Most importantly you will benefit from the power of compounding when you invest in Mutual Funds via SIP. Fintra encourages you to invest in mutual fund via SIP as it brings in financial discipline and inculcates the habit of saving. Benefits of SIP investment over lump-sum investments are numerous.įintra’s SIP calculator is a simple tool to compute returns made on your SIP primarily on your mutual fund investments. This is an approximate return and the actual return may vary due to tax, exit loads, expense ratio, etc. Recurring Deposit gives fixed returns to investors whereas SIP returns depend upon on a range of market factors. You can think of SIP as a type of Recurring Deposit for mutual funds with fund houses and brokers promoting this to help people grow their money. Since here the investing is done in regular intervals the amount of risk associated to market instability is reduced effectively. SIP or Systematic Investment Plan is a financial tool that helps to create wealth by enabling an investor to invest fixed amount regularly (weekly, monthly, quarterly) in a mutual fund scheme. So here’s the guide on basics of SIP & SIP Calculator to help you achieve your financial goals. The fund is managed by Srinivasan Ramamurthy and Shobhit Mehrotra.What is SIP is the question on everyone’s mind even by the investors who have been investing for a long time. As on 31 August 2022, the AUM of this fund was Rs 2414.12 crore. HDFC Retirement Savings Fund Equity Plan was launched on 25 February 2016. The NAV of HDFC Retirement Savings Fund Equity Plan 0 Regular Plan – Growth Option on 7th September 2022 was Rs 30.4910 The NAV of HDFC Retirement Savings Fund Equity Plan – Direct _Plan Growth option on 7th September 2022 was Rs 33.440. The fund invests a minimum of 80% of the portfolio in Equity and Equity related instruments.ĥ. ![]() As per the fund’s website, HDFC Retirement Savings Fund Equity Plan is a notified Tax Savings Cum Pension Scheme. HDFC Retirement Savings Fund Equity Plan is an open-ended retirement solution-oriented scheme with a lock-in of 5 years or till retirement age (whichever is earlier).Īlso Read: SBI Small Cap Fund: Rs 5000/month SIP from 2012 would have given you Rs 29 lakh!Ĥ. Therefore, investors are required to exercise more caution and weigh other options that may be less risky.ģ. HDFC Retirement Savings Fund – Equity Plan falls in the “Very High” risk category. Since mutual fund returns are subject to market risks, there is no guarantee that a fund will repeat its past performance or meet the scheme’s objectives.Ģ. Investing on the basis of past returns may put all your hard-earned money at risk. If you plan to explore mutual funds for retirement planning, you should always make your investment plan in consultation with a professional financial advisor. 5 things to know about HDFC Retirement Savings Fund Equity Planġ. While the returns on this scheme have been impressive for three years, the last one-year return has been modest at 9.27% under the direct plan and 7.89% under the regular plan. The three-year returns of this scheme under the regular scheme have been around 23.90%, according to the data. Mutual Fund calculator: These schemes turn Rs 10,000 SIP into Rs 3 crore to Rs 5 crore in 20 yearsĪlso Read: Best Performing Equity Mutual Funds in 10 years
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