These 24 mutual funds multiplied investors’ wealth by over 2.5x

Around 24 equity mutual fund schemes have multiplied investors’ wealth by approximately 2.5 times in 10 years on investments made through SIP, a data analysis by ETMutualFunds showed. In simple words, if an SIP of Rs 1,000 was made in these 24 schemes, it would be worth between Rs 3.00 lakh and Rs 4.39 lakh in 10 years. These schemes gave XIRR ranging between 17.50% and 24.57%. We looked at the performance of 156 equity schemes that have completed 10 years in the market.

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.

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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.

Scheme Name	Total Amount Invested (Rs)	Present value (Rs)	Multiplied by	XIRR (%)
Nippon India Small Cap Fund	1,20,000	4,39,433	3.66	24.57
Quant Small Cap Fund	1,20,000	3,97,329	3.31	22.71
SBI Small Cap Fund	1,20,000	3,93,631	3.28	22.54
Quant Tax Plan	1,20,000	3,89,186	3.24	22.33
Quant Active Fund	1,20,000	3,65,040	3.04	21.14
Quant Flexi Cap Fund	1,20,000	3,56,850	2.97	20.72
Kotak Small Cap Fund	1,20,000	3,55,730	2.96	20.66
HDFC Small Cap Fund	1,20,000	3,53,377	2.94	20.54
DSP Small Cap Fund	1,20,000	3,50,246	2.92	20.37
Quant Mid Cap Fund	1,20,000	3,33,721	2.78	19.48
Kotak Emerging Equity Fund	1,20,000	3,30,948	2.76	19.32
HDFC Mid-Cap Opportunities Fund	1,20,000	3,28,307	2.74	19.17
Mirae Asset Emerging Bluechip	1,20,000	3,27,459	2.73	19.12
Edelweiss Mid Cap Fund	1,20,000	3,19,146	2.66	18.65
Franklin India Smaller Cos Fund	1,20,000	3,18,694	2.66	18.62
Nippon India Growth Fund	1,20,000	3,17,954	2.65	18.58
ICICI Pru Smallcap Fund	1,20,000	3,17,767	2.65	18.57
SBI Contra Fund	1,20,000	3,09,143	2.58	18.05
Parag Parikh Flexi Cap Fund	1,20,000	3,05,008	2.54	17.80
Tata Mid Cap Growth Fund	1,20,000	3,04,590	2.54	17.78
SBI Magnum Midcap Fund	1,20,000	3,03,308	2.53	17.70
Taurus Discovery (Midcap) Fund	1,20,000	3,02,637	2.52	17.66
Quant Large & Mid Cap Fund	1,20,000	3,02,406	2.52	17.64
Invesco India Midcap Fund	1,20,000	3,00,021	2.50	17.50

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.

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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

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