HDFC Mid Cap Fund hits Rs 1 lakh crore AUM milestone; delivers 17% CAGR since inception
Launched on June 25, 2007, the fund has delivered a 17.13% CAGR since its inception. The fund has managed to outperform its benchmark Nifty Midcap 150 Index which generated 15.04% CAGR over the same period, according to a release by the fund house.
Also Read | Investing over Rs 43,000 monthly through SIPs? Here’s what an expert recommends for a 20-year investment journey
This performance reflects the fund's long-term focus on identifying businesses that have the potential to compound earnings and create shareholder value over time, the release said.
Through its journey, the fund has sought to identify businesses with growth potential and participate in India's evolving economic growth story through a disciplined and research-driven investment approach.
“As HDFC Mid Cap Fund enters its 20th year, having crossed Rs 1 lakh crore in AUM recently, it marks a milestone built on nearly two decades of disciplined investing through changing market conditions,” said Navneet Munot, Managing Director & Chief Executive Officer, HDFC Asset Management Company.
“The fund has navigated various market cycles and emerged stronger, remaining consistent in identifying quality businesses with long-term growth potential. This journey would not have been possible without the trust of our investors and the support of our distribution partners, who have stayed with us over the years,” Munot said.
Over the past 10 years, the fund has delivered a CAGR of 17.95%, while its five-year CAGR stands at 20.20%.
If an investor invested Rs 10,000 through a monthly SIP in the fund at the time of its inception, the current value of this investment would have been Rs 1.82 crore with 19.01% XIRR. In the last 10 years and 15 years, the value of the same SIP investment would have been Rs 32.44 lakh (18.92% XIRR) and 88.26 lakh (19.11% XIRR) respectively.
The current market value of Rs 10,000 invested in the fund through lumpsum mode would have been Rs 1.99 lakh since its inception. In the last 10 years, the value of the same lumpsum investment would have been Rs 52,109.
The fund follows a bottom-up stock selection approach focused on identifying quality businesses with robust management, scalable business models, sustainable competitive advantages and reasonable valuations. Through this approach, the fund aims to participate in long-term wealth creation while navigating different market environments and economic cycles.
Also Read | Investing over Rs 43,000 monthly through SIPs? Here’s what an expert recommends for a 20-year investment journey
This performance reflects the fund's long-term focus on identifying businesses that have the potential to compound earnings and create shareholder value over time, the release said.
Through its journey, the fund has sought to identify businesses with growth potential and participate in India's evolving economic growth story through a disciplined and research-driven investment approach.
“As HDFC Mid Cap Fund enters its 20th year, having crossed Rs 1 lakh crore in AUM recently, it marks a milestone built on nearly two decades of disciplined investing through changing market conditions,” said Navneet Munot, Managing Director & Chief Executive Officer, HDFC Asset Management Company.
“The fund has navigated various market cycles and emerged stronger, remaining consistent in identifying quality businesses with long-term growth potential. This journey would not have been possible without the trust of our investors and the support of our distribution partners, who have stayed with us over the years,” Munot said.
Over the past 10 years, the fund has delivered a CAGR of 17.95%, while its five-year CAGR stands at 20.20%.
If an investor invested Rs 10,000 through a monthly SIP in the fund at the time of its inception, the current value of this investment would have been Rs 1.82 crore with 19.01% XIRR. In the last 10 years and 15 years, the value of the same SIP investment would have been Rs 32.44 lakh (18.92% XIRR) and 88.26 lakh (19.11% XIRR) respectively.
The current market value of Rs 10,000 invested in the fund through lumpsum mode would have been Rs 1.99 lakh since its inception. In the last 10 years, the value of the same lumpsum investment would have been Rs 52,109.
The fund follows a bottom-up stock selection approach focused on identifying quality businesses with robust management, scalable business models, sustainable competitive advantages and reasonable valuations. Through this approach, the fund aims to participate in long-term wealth creation while navigating different market environments and economic cycles.
Next Story