Quant Small Cap Fund, the topper in the list, offered 46.70% SIP returns in the five year horizon. Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, offered 37.92% returns on SIP investments in the same time period.
Equity Mutual Funds: Five-year SIP Performance
Source: ACE MF, XIRR as on January 17, 2024
Quant Mid Cap Fund offered 35.05% in five years on SIP investments. Bank of India Small Cap Fund offered 35.01% SIP returns. Quant Flexi Cap Fund, Quant Active Fund, and Quant ELSS Tax Saver Fund – a flexi cap, multi cap, and an ELSS fund from Quant Mutual Fund, offered 33.49%, 30.58%, and 34.05% respectively.
HDFC Mid-Cap Opportunities Fund, the largest scheme in the mid cap category based on assets managed, offered 30.52%. SBI Contra Fund, the only contra fund in the list, offered 32.21% in five years.
A monthly SIP investment of Rs 10,000 in these 23 equity schemes would have grown to Rs 12.49-17.94 lakh. These schemes offered XIRR between 30.26%-46.15% in a five year period.
We looked at equity categories such as large cap, mid cap, small cap, large & mid cap, focused fund, flexi cap, ELSS, value fund, contra fund, and multi cap.
We considered XIRR (% returns) while analyzing the performance of schemes via SIP. Regular and growth option schemes were considered for the analysis. The period for five years ranges from January 2019 to January 2024.
Note, the above exercise is not a recommendation. One should not make investment or redemption decisions based on the above exercise. One should always consider investment objectives, risk appetite and investment horizons before making investment decisions.
