Wealth creators: 12 equity mutual funds turn Rs 10,000 SIP to over Rs 10 crore since their inception
Nippon India Growth Mid Cap Fund (Earlier known as Nippon India Growth Fund) launched in October 1995, turned the Rs 10,000 monthly SIP to Rs 26.20 crore with an XIRR of 22.74% since its inception.
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Franklin India Mid Cap Fund (Earlier known as Franklin India Prima Fund) turned the same SIP amount to Rs 23.17 crore with an XIRR of 20.38% since its inception in December 1993. Two funds from HDFC Mutual Fund - HDFC ELSS Tax saver (Earlier known as HDFC TaxSaver Fund) and HDFC Flexi Cap Fund (Earlier known as HDFC Equity Fund) - turned the SIP investment to Rs 21.68 crore and Rs 21.57 crore respectively since their respective inceptions. The funds were launched in March 1996 and January 1995 respectively
Franklin India Flexi Cap Fund (Earlier known as Franklin India Equity Fund) turned Rs 10,000 SIP to Rs 16.98 crore with an XIRR of 19.72% since its inception in September 1994.
SBI ELSS Tax Saver Fund (Erstwhile known as SBI Long Term Equity Fund) turned the same SIP to Rs 14.95 crore with an XIRR of 18.02% since March 1993. Franklin India Large Cap Fund (Earlier known as Franklin India Bluechip Fund) turned the same SIP to Rs 13.79 crore with an XIRR of 18.02% since December 1993.
HDFC Value Fund, a value fund, launched in February 1994, turned the SIP amount to Rs 11.15 crore with an XIRR of 17.17%. The fund was earlier known as HDFC Capital Builder Value Fund.Nippon India Vision Large & Mid Cap Fund, a large and mid cap fund, turned the SIP amount to Rs 11.09 crore with an XIRR of 18.52% since October 1995. The fund was earlier known as Nippon India Vision Fund.ICICI Prudential Multicap Fund (Erstwhile known as ICICI Prudential Top 200 Fund) turned investors' SIP investment of Rs 10,000 to Rs 10.52 crore with an XIRR of 17.40%. The fund was launched in October 1994.
Also Read | NFO Insight: Can this multi asset allocation fund help diversify your portfolio? SBI Large & Midcap Fund (Earlier known as SBI Magnum Multiplier Fund) turned Rs 10,000 SIP to Rs 10.29 crore. Launched in February 1993, the fund has offered an XIRR of 16.40% since then.Tata Mid Cap Fund was the last fund to turn SIP amount into crore. The fund was launched in July 1994 and turned Rs 10,000 SIP to Rs 10.07 crore with an XIRR of 18.23% and was earlier known as Tata Mid Cap Growth Fund.The other 276 funds turned the same investment ranging between Rs 9,546 to Rs 9.06 crore since their respective inception date.We considered all equity funds excluding sectoral and thematic funds. We considered regular and growth options. We calculated the SIP performance of all funds since their respective inception date.Note, the above exercise is not a recommendation. The exercise was done to find which equity funds turned Rs 10,000 SIP to more than Rs 10 crore since their respective inception. One should not make investment or redemption decisions based on the above exerciseOne should always consider risk appetite, investment horizon, and goals before making an investment decision.
(Disclaimer: 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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