BANKING AFFAIRS

Detailed explanation-1: -This CAGR return is compared at different time intervals such as 1 Month Return, 6 Month Return, 5 Year Return, and Return Since Inception. The comparison of CAGR returns reveals that in many instances, ICICI Prudential Bluechip Fund has performed better as compared to HDFC Equity Fund.

Detailed explanation-2: -HDFC Mutual Fund is India’s leading fund house that offers some of the Best equity funds. Equity funds by HDFC MF allows investors to participate in the stock markets. Though these funds are categorised as a high risk, equity funds also have potential to deliver high returns in the long run.

Detailed explanation-3: -HDFC formed this Mutual fund company with Standard Life Investments and holds approx. 62.8% of its shares as of September 2022. It manages 68 schemes comprising debt, equity, exchange traded fund and fund of fund schemes.