19 equity mutual funds multiplied investors’ SIP investments by over 3x in 7 years
mutual funds have multiplied investors’ SIP investments by over three times in the last seven years.
Seven small cap and mid cap funds, two flexi cap funds, a multi cap, contra, and an ELSS fund multiplied investors’ SIP investment by more than three times in the last seven years.
The top schemes in the list were from the small cap category. Quant Small Cap Fund and Nippon India Small Cap Fund multiplied investors’ SIP investments by 4.19 and 3.88 times respectively in the last seven years.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
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Also Read | Looking for predictable returns in fluctuating interest rate market? Consider target maturity MFs
Motilal Oswal Midcap Fund multiplied investors’ SIP investments by 3.65 times. A monthly SIP of Rs 10,000 turned to Rs 43.82 lakh with an XIRR of 24.51% in the last seven years. Quant ELSS Tax Saver Fund multiplied investors’ SIP investments by around 3.41 times in the same time period.
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