HDFC NIFTY 100 Index Fund - Direct Plan - Growth Option
HDFC Mutual Fund
Other Scheme - Index Funds
Best SIP day: the 24th.
Best SIP day for this fund
The 24th
Thin edgeThe 24th had the highest full-history XIRR for this fund. But 55 months of history is too little to tell whether the date matters at all.
Why the 24th
- Highest return of all 28 dates5.182%
Full-history XIRR, 0.22 pp above the middle of the month (4.964%).
- How far apart the 28 dates are0.31 pp
From the 17th (4.874%) up to the 24th. Wider than the 0.25 pp a date effect needs, but the order of dates didn't hold (-0.55, needs 0.6).
- What the spread is worth₹2,787
Between the highest- and lowest-value dates (the 13th and the 18th) on a notional ₹10,000 a month: 0.5% of the ₹6.2 lakh it grew to over 4.6 years.
Missing one instalment costs more than picking this date over a typical one.
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
A spread of 0.31 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.31 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
A spread of 0.31 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.
The date with the highest return and the date that ended with the most money are not the same date here. When two measures of the same question disagree, the difference between the dates is noise.
This fund is marked reduced confidence: 55 months of history leaves too few independent 3-year stretches for the numbers above to settle.