38 mutual fund schemes doubled investors’ wealth in five years

Mutual fund investors look for equity fund schemes that will increase their wealth in a ‘short’ span of five years. Well, five years may be long for you. However, it is too short a period to invest in equity mutual funds. Having said ETMutualFunds still look at the data to see whether equity schemes managed to double investors’ wealth in five years.

We found out that around 38 schemes doubled investors’ wealth in five years. These 38 schemes were from small cap, ELSS, large & mid cap, flexi cap, focused fund, mid cap, contra fund, value fund, and multi cap category. No large cap scheme managed to double investors’ wealth in five years.

We considered large cap, mid cap, large & mid cap, flexi cap, focused fund, small cap fund, ELSS and multi cap schemes for the study. We considered regular and growth options.

Around 12 mid cap funds have doubled investors’ wealth in five years. Around 10 small cap funds, four flexi cap funds, three multi cap, three ELSS, and three large & mid cap funds, and one focused, value, and contra fund also featured on the list.

Quant Active Fund, a small cap fund, topped the list with a CAGR return of 25.68% and tripled the investors’ wealth. In other words, if an investor invested Rs 1 lakh in June 2018, the current value would have been Rs 3.13 lakh in June 2023.

The top two performers were from Quant Mutual Fund and most of the schemes from the fund house featured in the list.

We considered CAGR returns for a five year period starting from June 15, 2018 to June 15, 2023. The CAGR returns are considered for lumpsum investments made at a particular date. Note, the above exercise is not a recommendation. The main reason for the above exercise is just to find out equity schemes that have doubled investors wealth in five years. One should not make any investment or redemption decisions based on such exercise. One should always consider their goal, investment objectives, and investment horizon. Past performance of the scheme does not guarantee future performance.

If you are looking for recommendations, please see:
Best flexi cap mutual funds to invest in 2023
Best focused mutual funds to invest in 2023
Best large & mid cap funds to invest in 2023
Best mid cap mutual funds to invest in 2023
Best large cap mutual funds to invest in 2023
Best small cap mutual funds to invest in 2023
Best value mutual funds to invest in 2023
Best tax saving mutual funds or ELSS to invest in 2023