Mutual fund Daily investment of 333, you get 9 crore in 26 years
Financial advisors say that mutual fund investment is the best long-term investment method and investors who invest in it for more than 20 years will get back crores of money.
In that way, those who invested 10 thousand rupees per month i.e. 333 rupees daily in mutual funds 25 years ago have now received more than 9 crores. Now let’s see if it is a mutual swimming fund.
Tax :
ELSS Mutual is a type of equity fund. It is the only mutual fund that provides tax exemption under Section 80C of the Income Tax Act. This will give tax exemption up to Rs.1.5 lakh in a year. ELSS Funds are highly diversified. That is, they invest in companies of various market caps, including large-cap, mid-cap and small-cap companies.
Long term investment :
ELSS Mutual Funds are recommended for long term investment and continuous investment. As far as these funds are concerned, they will give huge returns in the long run. And with ELSS fund, you can save Rs.46,800 per year as tax.
HDFC Tax Savings Fund :
HDFC Tax Savings Fund is one of the highest returning ELSS funds. This fund has completed 26 years since its inception. The investors who invested in it became the owners of not one, not two, more than Rs.9 crores.
You get 9.39 crores in 26 years :
HDFC Tax Savings Fund was launched on March 31, 1996. HDFC Tax Saving Fund Over 26 years i.e. as on March 31, 2022, the fund has given SIP returns of 21.27 per cent per annum. Accordingly, since the inception of the fund, every month in the HDFC Tax Savings Fund Rs. 10,000 (Rs. 333 per day), the investor invested so far with just Rs. 31.20 lakhs only. But today the investors got Rs 9.39 crore.
Which companies to invest in?
HDFC Tax Savings Fund invests in various sectors. These include financial, automobile, energy, healthcare to technology sectors. The top 5 holdings of the fund are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Bharti Airtel Ltd and Hindustan Aeronautics Ltd. In domestic equities, the fund has 95.52% exposure. This includes 84.71% large cap companies, 7.56% mid cap stocks and 3.25% small cap stocks.
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