5 equity mutual funds doubled SIP investments in five years

economictimes.indiatimes.com:

Quant Small Cap Fund increased investors wealth by around 2.58 times in five years, and offered 39.91% XIRR. Nippon India Small Cap Fund, the largest scheme in the small cap category based on AUM, increased investors' wealth by 2.22 times. In simple words, if someone started an SIP of Rs 1,000 on August 10, 2018 in Nippon India Small Cap Fund, the investment would have increased by around 2.22 times to Rs 1.33 lakh. Quant Mid Cap Fund offered a XIRR of 29.42% and increased investors’ wealth by 2.03 times. The scheme is benchmarked against Nifty Midcap 150- TRI. The benchmark offered 25.19% during the same time period.Quant Tax Plan gave a XIRR of around 29.06% on investment made through SIP in five-years. An SIP of Rs 1,000 made on August 10, 2018 would have now become Rs 1.20 lakh now. The scheme is benchmarked against Nifty 500 -TRI. The benchmark gave around 17.77% in five-years.

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These schemes were from small cap, mid cap and ELSS category. Three small cap funds, one mid cap, and an ELSS fund managed double SIP investments in five years. We considered large cap, mid cap, small cap, large & mid cap, multi cap, focused fund, value fund, contra fund, and ELSS categories. We did not consider flexi cap category as this category was introduced after recategorisation of mutual funds by Sebi. We only considered regular and growth option schemes. We considered XIRR on SIP investments. Around 154 schemes have completed five years in the market. Note, the above exercise is not a recommendation. The main purpose of the exercise is to find which equity schemes doubled SIP investments in five years. One should not make