The toppers in the list were from Quant Mutual Fund. A monthly SIP of Rs 20,000 in Quant Small Cap Fund would have grown to Rs 1.04 crore in the last 10 years. The scheme gave an XIRR of 27.73% in the same period. Quant ELSS Tax Saver Fund would have turned a monthly SIP of Rs 20,000 into Rs 95.38 lakh with an XIRR of 26.04% in the last 10 years.
Nippon India Small Cap Fund, the largest scheme in the smallcap category based on assets managed, turned the monthly SIP to Rs 93.64 lakh in the period.
Quant Mid Cap Fund would have turned Rs 20,000 monthly SIP to Rs 89.15 lakh with an XIRR of 24.79% in the last 10-year period.
HDFC Mid-Cap Opportunities Fund, the largest scheme in the midcap category based on assets managed, turned a monthly SIP of Rs 20,000 to Rs 72.20 lakh with an XIRR of 20.89% in the last 10 years.
SBI Long Term Equity Fund, the oldest scheme in the ELSS category, would have turned the monthly investment to Rs 64.19 lakh in 10 years.
The equity mutual funds considered for the analysis gave an XIRR between 11.73% – 27.73% in a 10-year horizon. A monthly SIP of Rs 20,000 in the schemes considered would have grown between Rs 44.14 lakh to Rs 1.04 crore.
Around 97 MF schemes have completed 10 years of existence in the market. We considered all equity categories such as large-and-mid-cap, ELSS, value, contra, and smallcap fund categories. We considered regular and growth options.
Multi-and-flexi-cap, large-and-mid-cap, focussed funds were not considered as these categories were not there 10 years ago. These categories were introduced after Sebi’s reclassification of mutual funds in 2018.
Note that the above exercise is not a recommendation. The exercise was done to find which equity mutual fund schemes turned you into a crorepati with a monthly SIP of Rs 20,000 in the last 10 years.
One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goal before making an investment decision. Past performance does not guarantee future returns.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
