These 34 equity mutual funds double investors' wealth in three years

Mutual fund investors look for those equity schemes that either double or triple their wealth. ETMutualFunds did some data crunching and found that around 34 equity mutual funds have doubled investors' wealth in the last three years.

Motilal Oswal Midcap Fund, the first on the list, multiplied wealth by 2.50 times and gave an absolute return of 150.11% in the last three years. A lump sum investment of Rs 10,000 made three years ago would have turned to Rs 25,010 now.




Two small cap funds - Quant Small Cap Fund and Nippon India Small Cap Fund - multiplied investors wealth by 2.42 timesand 2.40 times, respectively. These two funds gave an absolute return of 142% and 140%, respectively. A lump sum investment of Rs 10,000 made three years ago in these two small cap schemes would have turned to Rs 24,210 and Rs 24,011, respectively now.

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HDFC Mid-Cap Opportunities Fund, the largest scheme in the mid cap category based on assets managed, multiplied investors' wealth by 2.15 times and offered an absolute return of 115% in the last three years.

SBI Long Term Equity Fund, the oldest scheme in the ELSS category, multiplied investors' wealth by 2.08 times in the last three years. The scheme delivered an absolute return of 107% in the said period.

Out of these 34 equity mutual funds, 13 schemes were from the small cap category. Five mid cap, four value funds, three ELSS and flexi cap, two large & mid cap and multi cap, one contra and focused funds featured on the list of schemes that multiplied wealth in the last three years.

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We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, flexi cap, focused fund, ELSS, value and contra funds. We considered regular and growth options.

Note, the above exercise is not a recommendation. The above exercise was done to find which equity schemes have doubled investors' wealth in the last three years. One should not make investment or redemption decisions based on the above exercise. One should always consider risk profile, investment horizon, and goal before making investment decisions.

(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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