These 11 equity funds offered over 20% returns on lumpsum investments in five years
These 11 schemes were from small cap, mid cap, multi cap, flexi cap, and ELSS categories. Around six small cap schemes offered more than 20% on lumpsum investments made on September 5, 2018. Two mid cap, one ELSS, multi cap, and flexi cap schemes offered more than 20%.
Quant Small Cap Fund offered the highest CAGR of around 29.16%, followed by Quant Tax Plan which offered 23.72%.
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A lumpsum investment of Rs 1 lakh in these schemes would have now been between Rs 2.50 lakh and Rs 3.59 lakh. These 11 schemes offered a CAGR of 20.20%-29.16%.
Despite offering double-digit returns, some schemes do not feature in this list as we only considered the equity schemes that have offered more than 20% in the five-year horizon.
All these 11 equity schemes are from different categories and have different risks associated with them. For example, small cap schemes invest in very small companies or their stocks and are extremely risky. They have the potential to offer very high returns over a long period. Small cap schemes are recommended only to aggressive investors with a high-risk appetite and a long investment horizon. Mid cap schemes are also recommended to investors who have a very high risk tolerance and a longer investment horizon of, say, seven to 10 years.
Flexi cap schemes are typically recommended to moderate investors with an investment horizon of five to seven years. Multi cap schemes invest across large cap, mid cap,small cap stocks. As per the SEBI norms, the schemes are mandated to invest 25% of total assets each in large cap, mid cap, small cap stocks.
Tax saving or ELSS schemes are recommended to investors who are
