Invest in mutual funds
Now Indians have become smarter and more aware about investing than before. They now better understand where to invest and where they will get security and profitability compared to traditional investments. This is the reason why the number of people investing in mutual funds in the country is increasing rapidly. People are turning to mutual funds in large numbers due to the higher returns they offer compared to FDs and other traditional investment schemes. The greatest interest in these is seen among those investors who want to avoid investing directly in the stock market. So let us now find out how much return a fund with a SIP of Rs 3,000 can offer. Let us understand the calculation taking HDFC Balanced Advantage Fund as an example.
This fund amount earned in SIP is Rs 3,000.
The HDFC Balanced Advantage Fund was launched on February 1, 1994. Since then, this fund has given an average return of 18.66 per cent annually. If an investor had started a monthly SIP (Systematic Investment Plan) of Rs 3,000 in this fund 30 years ago, today his fund would have been worth around Rs 5 crore. If we look at the calculation of this amount, the capital invested would have been only Rs 10.80 lakh crore, but on the basis of an annual return of 18.66 per cent, this amount would have reached Rs 4.93 lakh crore. of interests.
What do the experts say?
HDFC Balanced Advantage Fund is considered a high-risk investment by experts, so it is recommended to invest for at least 3 years or more. However, investors can start SIP in this fund with a minimum amount of just Rs 100, making it accessible to all levels of investors.
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The performance of this fund has been excellent even in the last year. It has given a return of 33.79 percent in the last year, while in the last three years this rate has been 22.63 percent annually. Over a five-year average, this fund has provided an annual return of 21.62 percent.
