HDFC Top 100 Fund celebrates a remarkable milestone as it completes 27 years of consistent growth and stability in India’s mutual fund market.Launched in October 1996, HDFC Top 100 Fund has emerged as one of the longest-running schemes in the country, delivering an impressive Compound Annual Growth Rate (CAGR) of approximately 19% over its tenure. Investors who chose to systematically invest Rs 10,000 per month have witnessed their investments grow to a staggering Rs. 7.98 crores by February 29, 2024, underscoring the fund’s ability to generate substantial returns over the long term.
Employing a meticulous bottom-up approach to stock selection complemented by a keen awareness of top-down sector and macroeconomic trends, the fund has consistently focused on quality business models, competent management, and robust financial metrics. With more than 80% of its portfolio invested in established large-cap companies, HDFC Top 100 Fund maintains a disciplined strategy centered on identifying quality opportunities at reasonable valuations.
Commenting on the fund’s enduring success, Mr. Navneet Munot, MD & CEO of HDFC AMC, emphasized the timeless principles of sound investment, patience, and disciplined research that have underpinned HDFC Top 100 Fund’s wealth creation journey. Senior Fund Manager – Equities, Mr. Rahul Baijal, reiterated the fund’s commitment to rigorous research and disciplined investment practices, highlighting the attractiveness of large-cap stocks for long-term investors seeking stability and favorable risk-adjusted returns.
