HDFC’s CEO, Manoj Adlakha, shared an incredible success story at IEC 2024, where he revealed how HDFC’s SIP (Systematic Investment Plan) scheme turned Rs 10,000 into Rs 20 crore (Rs 200 million). The story dates back to 2001, when Adlakha began investing Rs 1,000 in the HDFC Tax Saver Fund through SIP. He continued this habit, increasing the monthly investment by Rs 1,000 every year, making it a total of Rs 10,000 by 2011. Over the years, the fund grew steadily, with HDFC’s consistent performance and disciplined investing resulting in a staggering net asset value (NAV) of Rs 20 crore. Adlakha’s strategy was to be patient, disciplined, and consistent, allowing his investment to grow exponentially. This success story serves as a testament to the power of steady and thoughtful investments, as well as the potential of HDFC’s SIP scheme.
