Time to remind all the investors not to get caught with the frenzy of rising stock markets and I really hope they have some eggs in SIP to drink their cup of tea after retirment sip by sip ;-). Discpline is a must.
Read my earlier post on SIP Investments. The markets were at peak in March-06 and hence the returns mentioned in that report were quite exuberent and its not worth expecting so much though if you get it, you can have a blast.
For quarter ending June-30th, the sensex was at 10,300, reasonable level. Here is the performance of my favorite funds, (check out they all now have ValuResearch ratings of 5, except Top-200).
- HDFC Equity Fund Growth
- HDFC Top 200 Fund growth
- HDFC Long term Advantage Fund Growth
- HDFC tax Saver Fund Growth
Lets look at the difference in SIP returns(all compounded) since inception when the sensex was at 12,000 and whe it was at 10,000.
HDFC Equity Fund 41.04% 34.15%
HDFC Top-200 35.44 % 31.78%
HDFC LongTerm Advantage 63.45% 52.91%
HDFC Tax Saver 50.07% 44.75%
Equity and Top 200 have history of 10+ years while the other two have 5+ years.
Questions, comments and critics are welcome. Happy investing.