These five schemes were from the mid cap, flexi cap, large cap, and value fund categories. Two large cap funds in the list – Taurus Large Cap Fund and JM Large Cap Fund – offered 8.85% and 8.64% respectively in the 10-year horizon. Taurus Large Cap Fund is the smallest scheme in the large cap category based on assets managed. The scheme manages assets of Rs 40.70 crore.
The other schemes in the list were a flexi cap, mid cap, and value fund. LIC Flexi Cap Fund offered 8.94%. Quant Mid Cap Fund (known as Quant Opportunities Fund and Escorts Opportunities Fund before 2018) gave 9.98% and JM Value Fund offered 8.39%. Two schemes in the list were from JM Mutual Fund.
ETMutualFunds further also analysed the performance of these five equity mutual fund schemes in a five and seven year horizons. Three schemes – LIC MF Flexi Cap Fund, Taurus Large Cap Fund, and JM Large Cap Fund – offered single-digit returns even in five and seven year horizons.
We considered daily rolling returns for equity mutual fund schemes. The daily rolling return for 10 years was calculated between January 2014 to January 2024.
We considered equity categories such as large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, focused funds, flexi cap, value & contra fund categories. We considered regular and growth options.
Note, the above exercise is not a recommendation. The purpose of the above exercise was to find equity mutual fund schemes that offered single-digit returns in a 10-year horizon. One should not make investment or redemption decisions based on the above exercise.
If you are looking for recommendations, see:
Best mid cap mutual funds to invest in 2024
Best flexi cap mutual funds to invest in 2024
Best large cap mutual funds to invest in 2024
