We considered equity categories such as large cap, mid cap, small cap, ELSS, large & mid cap, focused, flexi cap, multi cap, value/contra fund categories. We considered regular and growth options. We considered CAGR on lumpsum investment.
These 13 schemes were from ELSS, flexi cap, mid cap, multi cap and small cap categories. The small cap category had the maximum outperformers. Around seven small cap schemes managed to multiply investors’ wealth by more than three times. Two flexi cap and mid cap schemes, one ELSS and multi cap schemes also managed the feat.
Nippon India Small Cap Fund multiplied investors’ wealth by around four times in seven years. The scheme multiplied investors’ wealth by 4.01 times with a CAGR of 21.93%. A lumpsum investment of Rs 1 lakh made on September 24, 2016 would have grown to Rs 4.00 lakh. Quant Small Cap Fund multiplied wealth by 3.80 times, with a CAGR of 21%.
Quant Tax Plan and SBI Small Cap Fund offered a CAGR of 20.41% and 20.18% respectively. Quant Tax Plan and SBI Small Cap Fund multiplied wealth by 3.67 times and 3.62 times respectively.
Two Quant Mutual Fund schemes – Quant Active Fund and Quant Mid Cap Fund – multiplied wealth by around 3.50 times. The schemes multiplied investors’ lumpsum investments by 3.57 times and 3.50 times respectively.
Despite multiplying investors’ wealth by two times, some schemes could not make it to the above list as we included only those schemes that have multiplied wealth by more than three times.
Note, the above exercise is not a recommendation. The main purpose of the exercise was to find out equity schemes that have multiplied investors’ wealth by at least three times in seven years.
One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon and goal before making investment decisions. Past performance of the scheme does not guarantee future performance.
If you are looking for recommendations, see:
Best mutual funds to invest in 2023
