These 24 schemes were from mid cap, small cap, flexi cap, large & mid cap, contra, ELSS, and multi cap categories. Around nine mid cap, eight small cap, two flexi cap, and large & mid cap, one contra, ELSS, and multi cap schemes multiplied investors wealth by approximately 2.5 times in 10 years. No large cap, focused fund, and value fund multiplied investors wealth by approximately 2.5 times in 10 years.
Toppers multiplied wealth by more than 3 times. Around five schemes multiplied wealth by more than three times. Nippon India Small Cap Fund multiplied investors’ wealth by 3.66 times with a XIRR of 24.57%. The second scheme in the list was Quant Small Cap Fund that multiplied wealth by 3.31 times and offered a XIRR of 22.71%.
SBI Small Cap offered a XIRR of 22.54% on investments made through SIP. If an SIP of Rs 1,000 was made in this fund on August 25, 2013, the amount would have been now Rs 3.93 lakh.
Two Quant Mutual Fund schemes – Quant Tax Plan, and Quant Active Fund, multiplied the wealth by 3.24 and 3.04 times respectively. The schemes gave a XIRR of 22.33%, and 21.14% respectively.
Source: ACE MF, XIRR returns for period between August 25, 2013 to August 25, 2023
SBI Contra Fund, the largest scheme in the contra fund category based on assets managed, was the only scheme in the list that multiplied investors’ wealth by 2.5 times in 10 years.
Quant Active Fund, a multi cap fund, was the only scheme from the category that made it to the list of schemes that multiplied investors wealth in 10 years. From the ELSS category, only Quant Tax Plan managed to multiply SIP investments by 2.5 times in 10 years.
We considered large cap, mid cap, small cap, large & mid cap, multi cap, focused fund, value fund, contra fund, and ELSS, flexi cap categories. We only considered regular and growth option schemes. We considered XIRR on SIP investments.
Note, the above exercise is not a recommendation. The main purpose of the exercise is to find our which equity schemes multiplied SIP investments by at least 2.5 times in 10 years.
One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making investment decisions. Past performance of the scheme does not guarantee future performance.
If you are looking for recommendations, see: Best recommended mutual fund schemes in 2023
