personal finance

These 28 equity mutual fund schemes returned three times in five years


Around 28 equity mutual fund schemes have tripled investors’ wealth in the last five years, a study by
ET.com Mutual Fund showed. In other words, Rs 1 lakh invested in UTI Mid Cap Fund five years ago, would have grown to Rs 3.44 lakh today. UTI Mid Cap Fund is an average performer in the list of 28 schemes.

Apart from these 28 equity mutual fund schemes, five schemes have quadrupled investors’ wealth in the same time period. In short, multibaggers are not confined to the stock market anymore. Even the humble mutual funds can multiply investors wealth multiple times over the medium and long term.

Our research universe consisted of most equity scheme categories, including largecap, large and midcap, midcap, multicap, smallcap, value funds, focused funds and tax-saving or ELSS schemes. We chose the five-year horizon for the study, as most mutual fund advisors ask investors to invest in equity schemes with a minimum investment horizon of five years.

Around 15 out of 20 midcap schemes which have completed five years made it to the list of three-baggers. Eight out of 10 smallcap schemes also found their place in the list. Out of the eight schemes, three schemes – Reliance Small Cap Fund, SBI Small Cap Fund and DSP BR Small Cap Fund – performed exceptionally well. In fact, they multiplied investors’ wealth four times in the five-year time period.

Three large and midcap schemes also made it to the list. Out of which two schemes, Canara Robeco Emerging Equities Fund and Mirae Asset Emerging Bluechip, multiplied wealth fourfold.

Apart from these, three value schemes, and one scheme each in largecap, multicap, focused and tax-saving or ELSS category managed to multiply wealth four times in the last five years.

Here is the complete list:


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If you have any of these schemes in your portfolio for last five years, your returns would have been exceptionally well. While everybody dreams of owning a multibagger scheme, you should not choose only multibaggers of previous years. Remember, there is no guarantee that these schemes would continue to perform in the same manner in the coming years. Also, these schemes need not be in line with your risk profile.

It is always recommended to get a tailored portfolio consisting schemes which are in line with your risk tolerance level and time in hand to accomplish your goals.





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