6 equity mutual funds turn Rs 1 lakh lumpsum investment into Rs 1 crore in 3 decades

Time of India

6 days ago

Six
equity mutual funds
have turned Rs 1 lakh lumpsum investment to over Rs 1 crore in the last three decades, an analysis by ETMutualFunds showed. Around 16 funds have completed over 30 years of existence in the market.
Two funds turned the lumpsum investment of Rs 1 lakh into Rs 2 crore in the last three decades since their respective inception and these two funds from Franklin Templeton Mutual Fund.
Franklin India Mid Cap Fund
(earlier known as Franklin India Prima Fund) turned the Rs 1 lakh lumpsum investment to Rs 2.81 crore in nearly 31.66 years. The fund was launched in December 1993 and delivered a CAGR of 19.50% on lumpsum investments.
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Franklin India Large Cap Fund
(earlier known as Franklin India Bluechip Fund) turned the same lumpsum investment to Rs 2.47 crore in nearly 31.66 years. The fund was launched in December 1993 and offered a CAGR of 19.02% on lumpsum investments.
The next two funds in the list were flexi caps.
HDFC Flexi Cap Fund
(earlier known as HDFC Equity Fund) turned the Rs 1 lakh lumpsum investment to Rs 1.98 crore in 30.58 years. The fund was launched in January 1995 and has offered a CAGR of 18.89% since inception.
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Franklin India Flexi Cap Fund (earlier known as Franklin India Equity Fund) turned investors' Rs 1 lakh lumpsum investment to Rs 1.65 crore and offered a CAGR of 18.01% since its inception on lumpsum investments. The fund was launched in September 1994.
The oldest ELSS fund, SBI ELSS Tax Saver Fund (earlier known as SBI Long Term Equity Fund) turned the lumpsum investment of Rs 1 lakh to Rs 1.37 crore in nearly 32.33 years. This ELSS fund offered a CAGR of 16.45% on lumpsum investments since March 1993.
Aditya Birla SL Large & Mid Cap Fund (earlier known as Aditya Birla Sun Life Equity Advantage Fund) turned Rs 1 lakh lumpsum investment to Rs 1.16 crore in 30.43 years. The fund delivered a CAGR of 16.94% on lumpsum investments made since February 1995.
Other funds completing 30 years
Around 10 other funds have completed 30 years of existence in the market but they could turn the Rs 1 lakh lumpsum investment ranging between Rs 12.46 lakh to Rs 92.61 lakh since their respective inception date in over 30 years.
Launched in February 1993, SBI Large & Midcap Fund (earlier known as SBI Magnum Multiplier Fund) turned the Rs 1 lakh investment to Rs 92.61 lakh in 32.42 years.
ICICI Pru Multicap Fund
(earlier known as
ICICI Prudential
Top 200 Fund) and HDFC Value Fund (earlier known as HDFC Capital Builder Value Fund) turned the Rs 1 lakh investment to Rs 80.32 lakh and Rs 74.83 lakh respectively in more than three decades. The schemes were launched in October 1994 and February 1994, respectively.
Two other large & mid cap funds - Tata Large & Mid Cap Fund (earlier known as Tata Equity Opportunities Fund) and HDFC Large and Mid Cap Fund (earlier known as HDFC Growth Opportunities Fund) turned the lumpsum investment of Rs 1 lakh to Rs 53.62 lakh and Rs 46.34 lakh respectively since their respective inception. The funds were launched in February 1993 and February 1994.
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Tata Mid Cap Fund which was earlier known as Tata Mid Cap Growth Fund turned the Rs 1 lakh investment to Rs 43.69 lakh in nearly 31.08 years.
Two funds from Taurus Mutual Fund - Taurus Large Cap Fund and Taurus Flexi Cap Fund - turned the same lumpsum investment to Rs 22.83 lakh and Rs 22.68 lakh respectively.
JM Large Cap Fund and Taurus Mid Cap Fund turned the lumpsum investment to Rs 15.36 lakh and Rs 12.46 lakh respectively in 30.33 years and 30.90 years, respectively.
We considered equity mutual fund categories. We excluded sectoral and thematic funds and hybrid funds. We considered regular and growth options.
Note, the above exercise is not a recommendation. The exercise was done to find which equity funds turned Rs 1 lakh investment to over Rs 1 crore in the last 30 years.
One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before investing.
(
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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