Most equity investors look for schemes that have delivered superior returns in comparison to their peers or have offered healthier returns since their inception. That is why ETMutualFunds decided to look at those equity schemes that have offered at least 15% or more than that. Most equity investors hope to get 12% returns over a long period of time. In fact, many investors use this number in their calculations.
Three ELSS funds have completed 25 years in the market. HDFC Taxsaver Fund completed 27 years and offered 22.91% returns since inception.
Franklin India Bluechip Fund, the oldest large cap scheme, offered around 18.96% returns in 29 years. Franklin India Prima Fund, another iconic mid cap scheme, offered around 18.57%. HDFC Flexi Cap Fund, the flagship of HDFC Mutual Fund, offered around 18.22% since inception. The scheme has been in existence for around 28 years. You can see the complete list below.
We considered equity mutual funds categories such as large cap, mid cap, small cap, large & mid cap, flexi cap, ELSS, contra, and value funds for the study. We did not include equity-oriented hybrid schemes. We considered regular and growth options. We have only included schemes that have offered more than 15%t. There were schemes that offered more than 15% returns, but did not complete 25 years. Such schemes were not included in the list.
As you can see from the list, these schemes are from diverse categories. Some categories like large cap schemes are meant for conservative investors. Flexi cap funds recommended for moderate investors. Large & midcap, mid cap schemes are meant for aggressive investors. Since they have different risk profiles, their risk-reward profile is also different. Note, this is not a recommendation. This exercise is just to find out the schemes that have completed 25 years and managed to offer more than 15% returns. You need to include factors like goals, horizon, and risk profile while choosing a scheme to invest in and should not choose any scheme based on the above returns.
If you are looking for recommendations, see:
Best large & mid cap funds
Best tax saving mutual funds or ELSS
Best mid cap mutual funds
Best large cap mutual funds
Best flexi cap mutual funds
Best value mutual funds
