Six equity mutual funds have multiplied SIP investments of investors by more than 3.5 times in the last 10 years. There were about 152 shares mutual funds that have completed 10 years of existence on the market.
We consider stock categories as large cap, mid cap, small cap, ELSS, large and mid cap, focused, flex cap, multi cap and value/con fund categories. We consider regular and growth options. We consider XIRR in SIP investments.
These six schemes belonged to four different categories. Two small cap funds and midcap funds, a flex fund and an ELSS fund multiplied SIP investments by more than 3.5 times in the said period.
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The first two schemes in the list belonged to the small cap category. Quant Small Cap Fund and Nippon India Small Cap Fund multiplied investors’ SIP investments by 4.33 times and 3.99 times respectively in the last 10 years. A monthly SIP of Rs 10,000 in these plans would have now been Rs 51.92 lakh and Rs 47.84 lakh, respectively. These schemes returned an XIRR of 27.88% and 26.35% respectively in the mentioned period.
Quant ELSS Tax Saver Fund, an ELSS or tax saving fund, multiplied investors’ investments by 3.78 times. A monthly SIP of Rs 10,000 in this plan done 10 years ago would have been Rs 45.39 lakh now with an XIRR of 25.37%.Motilal Oswal Midcap Funda mid-cap fund, multiplied SIP investments by 3.66 times in the said period. A monthly SIP of Rs 10,000 put into this fund would have been Rs 43.94 lakh now with an XIRR of 24.77% in the same time period.
The other two plans were from Quant Mutual Fund. Quant Flexi Cap and Bottom Quant Mid-Cap Fund multiplied SIP investments by 3.61 times and 3.56 times respectively. A monthly SIP of Rs 10,000 made with these funds would have now been Rs 43.27 lakh and Rs 42.72 lakh, respectively. These schemes gave an XIRR of 24.48% and 24.24% respectively.
The equity schemes in the said period multiplied investors’ SIP investments by 1.94 to 3.41 times. The current value of Rs 10,000 monthly SIP would have been Rs 23.24 lakh to Rs 40.93 lakh now in the same time period.
HDFC Mid-Cap Opportunities Fund, the largest AUM-based mid-cap fund, grew investments by 3.17 times with an XIRR of 22.07% in the same period. SBI Contra Fund, the largest and oldest contra fund, grew SIP investments by 3.13 times. A monthly SIP of Rs 10,000 realized in this fund would have been Rs 37.53 lakh now with an XIRR of 21.83%.
Parag Parikh Flexi Cap Fund, the largest assets under management based flexicap fund, grew SIP investment by 2.94 times with an XIRR of 20.67% in the same period. The oldest ELSS fund, SBI Long Term Equity Fund, grew SIP investments by 2.83 times with an XIRR of 19.93% in the same period.
Sundaram Mid Cap Fund and Sundaram Small Cap Fund multiplied investors’ SIP investments by 2.74 times and 2.73 times, respectively. HDFC Capital Builder Value Fund and Franklin India ELSS Tax Saver Fund multiplied investments by 2.48 times each.
SBI BlueChip Fund and SBI Flexicap Fund multiplied SIP investments by 2.22 times each. PGIM India Large Cap Fund and Aditya Birla SL ELSS Tax Saver Fund multiplied the monthly SIP of Rs 10,000 by 1.94 times each in the said period.
Despite multiplying the wealth of investors by two, some schemes could not make it to the above list as we included only those schemes that have multiplied wealth by more than 3.5 times.
Investment or redemption decisions should not be made based on the previous year. Risk appetite, investment horizon and objective should always be considered before making investment decisions. Past performance of the scheme does not guarantee future performance.
(Disclaimer: The 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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