Quant Small Cap Fund, the topper in the list, multiplied the SIP investments by 3.16 times in the last five years. A monthly SIP of Rs 10,000 in this small cap fund would have been Rs 18.96 lakh now with an XIRR of 49.38% in a five year period.
Nippon India Small Cap Fund, the largest small cap fund based on the assets managed, multiplied SIP investments by 2.73 times in the last five years. If an investor invested Rs 10,000 through a monthly SIP in the scheme, then the current value would have been Rs 16.35 lakh now with an XIRR of 42.64%.
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The next two schemes in the list were from the mid cap category. Motilal Oswal Midcap Fund and Quant Mid Cap Fund multiplied investors’ SIP investments by 2.60 times and 2.59 times respectively in the last five years.
Quant Flexi Cap Fund, a flexi cap fund, multiplied investors’ SIP investments by around 2.51 times in the last five years. A monthly SIP of Rs 10,000 in the scheme would have been Rs 15.04 lakh now with an XIRR of 38.92% in the said period.
The other 188 equity schemes in the list multiplied SIP investments between 1.43 times to 2.49 times in the last five years. A monthly investment of Rs 10,000 in the scheme would have been between Rs 8.58 lakh to Rs 14.93 lakh now in the said period.
SBI Contra Fund, the largest and the oldest contra fund, multiplied investors wealth by 2.37 times. A monthly SIP of Rs 10,000 would have been Rs 14.24 lakh now in the above said period.
HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on the assets managed, multiplied the SIP investments to Rs 14.04 lakh now with an XIRR of 35.85% in the last five years. SBI Long Term Equity Fund, the oldest ELSS fund, turned a monthly SIP of Rs 10,000 to Rs 13.30 lakh now. The scheme gave an XIRR of 33.48% in the same time period.
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If an investor made a monthly SIP of Rs 10,000 in SBI Small Cap Fund, the current value would have been Rs 12.83 lakh now. The largest flexi cap fund based on the assets managed, Parag Parikh Flexi Cap Fund, multiplied the monthly SIP of Rs 10,000 to Rs 11.42 lakh now with an XIRR of 26.87%.
Axis Bluechip Fund and Axis Focused Fund multiplied the investors’ SIP investments by 1.50 times and 1.43 times.
We considered all equity schemes such as large cap, mid cap, small cap, large & mid cap, ELSS, multi cap, flexi cap, focus fund, value and contra funds. We considered regular and growth options. We calculated the performance from August 2019 to August 2024.
Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds multiplied investors’ SIP investments by more than 2.5 times in the last five 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 any investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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