Wealth Creators
Around 6 equity mutual funds have offered over 40% returns on SIP investments in the last three years. There were around 218 equity mutual funds operating in the period, according to the data from ACE MF.
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Motilal Oswal Midcap Fund
This midcap fund offered an XIRR of 42.99% in the last three years. A monthly SIP of Rs 10,000 would have now yielded Rs 6.48 lakh in the same period.
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Two from Quant Mutual Fund
Two schemes from Quant Mutual Fund — Quant Small Cap Fund and Quant Mid Cap Fund — gave an XIRR of 42.14% and 42.10%, respectively, in the last three years.
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Two from JM Mutual Fund
Two schemes from JM Mutual Fund — JM Value Fund and JM Flexicap Fund — gave an XIRR of 40.80% and 40.58%, respectively, in the last three years. A monthly SIP of Rs 10,000 in these two schemes would have been Rs 6.31 lakh and Rs 6.29 lakh, respectively.
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Franklin India Smaller Cos Fund
This small cap fund gave an XIRR of 40.38% in the last three years on SIP investments. A monthly investment of Rs 10,000 would have been Rs 6.27 lakh now.
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Others on the list
The other 212 equity mutual funds gave XIRR between 12.57% and 39.79% in the last three years. A monthly investment of Rs 10,000 in these schemes would have been Rs 4.32 lakh to Rs 6.23 lakh.
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Want to invest?
One should always consider risk appetite, investment horizon, and goal before making any investment decision.
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