42 equity mutual funds deliver over 15% CAGR in 10 years, turn lumpsum investments 4x

Nippon India Small Cap Fund, the largest small cap fund based on assets managed, delivered the highest CAGR of 20.61% in the last 10 years and multiplied a lumpsum investment of Rs 1 lakh in this fund by 6.52 times to Rs 6.51 lakh in the same period.

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The next three funds in the list were from Quant Mutual Fund. Quant Small Cap Fund, Quant ELSS Tax Saver Fund and Quant Flexi Cap Fund gave 19.90%, 18.97% and 18.69% respectively in the last 10 years. These schemes multiplied the lumpsum investment by 6.14 times, 5.68 times and 5.55 times respectively.

Invesco India Midcap Fund delivered a CAGR of 18.35% in the last 10 years and multiplied the wealth by 5.39 times. This was followed by Axis Small Cap Fund which delivered a CAGR of 18.22% and multiplied the wealth by 5.34 times.

Two mid cap funds - Nippon India Growth Mid Cap Fund and Edelweiss Mid Cap Fund - delivered a CAGR of 18.01% and 18% respectively. These funds multiplied the lumpsum investment by 5.24 times each.

The next two funds were smallcap funds. SBI Small Cap Fund and HSBC Small Cap Fund delivered a CAGR of 17.90% and 17.75% respectively in the last decade. These funds multiplied the lumpsum investments by 5.19 times and 5.13 times, respectively.

HDFC Mid Cap Fund, the largest midcap fund based on assets managed, delivered a CAGR of 17.30% and multiplied the lumpsum investment by 4.93 times in the same period.

Quant Multi Cap Fund and HDFC Small Cap Fund delivered a CAGR of 17.19% and 17.17% respectively in the last 10 years. It multiplied the lump-sum investment by 4.89 times and 4.88 times, respectively.

The next four funds were mid cap funds - Quant Mid Cap Fund, Kotak Midcap Fund, HSBC Midcap Fund, Axis Midcap Fund delivered a CAGR of 17.14%, 17.12%, 16.84% and 16.68% respectively. These funds multiplied the investments between 4.68 times to 4.87 times in the same time period.

Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, delivered a CAGR of 16.67% and multiplied the investment by 4.67 times in the same period.

Three funds - DSP Small Cap Fund, ICICI Prudential Midcap Fund and Motilal Oswal Midcap Fund delivered 16.42% CAGR each in the said time period. Some other funds to feature in the list were - Union Small Cap Fund, Motilal Oswal ELSS Tax Saver Fund, Kotak Small Cap Fund, Invesco India Large & Mid Cap Fund.

Two funds from Mirae Asset Mutual Fund - Mirae Asset Large & Midcap Fund and Mirae Asset ELSS Tax Saver Fund - delivered a CAGR of 16.17% and 16.10% respectively in the last decade and multiplied the lumpsum investment by 4.48 times and 4.45 times respectively.

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HDFC Flexi Cap Fund, the second largest flexi cap fund based on assets managed, delivered a CAGR of 15.70% and multiplied the wealth by 4.30 times in the same period.

ICICI Pru Smallcap Fund multiplied the lumpsum investment by 4.20 times and gave a CAGR of 15.42% in the last 10 years. Kotak Contra Fund multiplied the lumpsum investment by 4.14 times and delivered a CAGR of 15.25% in the same period.

SBI Contra Fund, the largest and oldest contra fund, delivered a CAGR of 15.14% and multiplied the wealth by 4.10% in the last 10 years. Bandhan Large & Mid Cap Fund was the last one to deliver over 15% CAGR in the last 10 years. The fund delivered a CAGR of 15.04% and multiplied the wealth by 4.06 times in the same period.

Three other funds multiplied the wealth by over 4 times in the last 10 years. These funds were - Invesco India Contra Fund, SBI Focused Fund and Nippon India Value Fund.

We considered all equity funds excluding sectoral and thematic funds. We considered regular and growth options. We calculated the performance of equity mutual funds in the last 10 years and calculated by how much these funds multiplied the lumpsum investment in the same period.

Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds delivered over 15% CAGR in the last 10 years on lumpsum investments and multiplied the same investments by over four times. One should not make investment or redemption decisions based on the same time period.

One should always make investment decisions based on their risk appetite, investment horizon and financial goals.

(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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