Aditya Birla SL Premium Equity Fund and HDFC Top 100 Fund converted monthly SIP from Rs 10,000 to Rs 1.38 crore each in 20 years. The schemes offered an XIRR of 15.45% and 15.44% respectively in the same period.
Read also | NPS for Retirement: How a 25-year-old can build a corpus of Rs 4 crore with a SIP of Rs 10,000
Baroda BNP Paribas Large cap fund converted the monthly SIP to Rs 1.30 crore in the same period with an XIRR of 14.94%. Kotak Bluechip Fund converted the same monthly investment into 1.22 crores with an XIRR of 14.40%.
Tata Large Cap Fund converted monthly SIP from Rs 10,000 to Rs 1.16 crore in the last two decades with an XIRR of 14.01% in the same period. A monthly SIP of Rs 10,000 in the DSP Top 100 Equity Fund made 20 years ago would have been Rs 1.13 crore now with an XIRR of 13.79%.
Franklin India Bluechip Fund and HSBC Large Cap Fund converted the same monthly SIP into Rs 1.11 crore and Rs 1.04 crore, respectively, in the last 20 years. These schemes gave an XIRR of 13.68% and 13.11%, respectively.Read also | Six equity mutual funds offer more than 25% CAGR in five years
The other four large cap schemes converted the monthly SIP between Rs 82 lakh and Rs 97 lakh in the said period. These schemes gave an XIRR that ranged between 11.14% and 12.55% in the same period.
We consider all large cap schemes in the said period. We consider regular and growth options. We calculate SIP Returns between October 2004 to October 2024.
Please note that the above exercise is not a recommendation. The exercise was conducted to find out which large cap fund converted SIPs of Rs 10,000 per month into over Rs 1 crore in the last 20 years. 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 any investment decision.
Large cap schemes are recommended to conservative investors looking for stock mutual fund schemes to achieve your long term goals. These plans are mandated to invest in the top 100 companies by market capitalization. These large companies do better in a volatile market as they can be market leaders and resilient to crises.
If you’re looking for recommendations, check out: Best Large Cap Mutual Funds to Invest in October 2024
(Disclaimer: The recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of the Economic Times)
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