HDFC Large and Mid Cap Fund mutual fund scheme formerly known as the HDFC Growth Opportunities Fund has given an extended internal rate of returns (XIRR) of over 27% in the last five years.
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This means that an investment of Rs 10,000 via monthly systematic investment plan (SIP) route would have nearly doubled and turned into Rs 11.84 lakhs now.
The HDFC Large and Mid Cap Fund which was launched in February 1994 has delivered absolute returns of 21.54% which is slightly higher than the returns given by its benchmark Nifty Large-Midcap 250 Index (TRI) at 20.75%. Its CAGR returns since inception stand at 12.82%.
An investor who had invested only Rs 10,000 in this scheme since inception would have seen his wealth swell up to Rs 371,528 according to as of today.
HDFC Large and Mid Cap Fund is an open ended equity scheme which invests in both large cap and mid cap stocks. According to the data available on Trendlyne.com, the scheme has exposure into financials, technology, energy, industrials, utilities, real estate, telecom among others.
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Largecap banks HDFC Bank and ICICI Bank are major buys of this scheme and account for 4.23% and 3.63% of the portfolio. Among the tech stocks, the scheme is invested in Infosys (2.1%), Tata Consultancy Services (1.36%) and MphasiS (1.38%). PSU stocks State Bank of India (SBI), NTPC and Power Finance Corporation (PFC) are some other stocks which are part of the scheme.
About the scheme
The scheme is available in regular and direct plans. While the former is for investors who wish to route their investment through any
distributor, the direct plan is for investors who wish to invest directly. The regular and direct plans offer growth and income distribution cum capital withdrawal (IDCW) option.
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The net assets value for the growth plan stood at Rs 300.76 as of February 26, 2024 while the assets under management (AUM) at Rs 16,033.22 crore.
