Money doubles in one year; This mutual fund has given 102.05% return in one year

We all want to invest in a place where we can get big returns safely. This fund has doubled its money in one year. This mutual fund has given 102.05% return in one year. Many say that the longer the investment is made, the higher the profit. Long-term investment is always recommended, especially in mutual funds. However, many will be surprised to know that mutual funds are not only for the long term, but in many cases, investing in mutual funds for short periods of time can yield huge returns. 

According to AMFI data, HDFC Defense Fund’s Direct Plan has given its investors a hefty return of 102.05% in the last year. Which doubled their investment in 1 year. In other words, through the direct plan of HDFC Defense Fund, the investors’ money has doubled in just 1 year. In this case, there is no need for long-term investment. But one thing that should always be kept in mind in this case is that there remains market risk in investing in mutual funds. Because the market always fluctuates.

Also keep in mind that no mutual fund always has the same rate of return. Because it depends on market fluctuations. Being dependent on market fluctuations, returns from mutual fund schemes also fluctuate. But, in the last year, HDFC Defense Fund’s Direct Plan has surprised everyone with a hefty return of 102.05%. So to get big returns from mutual funds, one has to consider all aspects; it is best to invest according to the advice of experts.