15 equity mutual funds multiply lumpsum investments by 4.3x in 7 years. Are there any included in your portfolio?

Around 15 equity mutual funds have multiplied investors’ lumpsum investment by 4.3 times in the last seven years, an analysis by ETMutualFunds showed. There were 189 funds in the said time period, of which around 27 funds multiplied the investment by more than four times.

These 15 funds were from four different categories: small cap, mid cap, flexi cap and ELSS funds. There were eight small caps, five mid caps, one flexi cap and one ELSS fund.

Four funds were from Quant Mutual Fund, two funds each from Invesco India Mutual Fund, Nippon India Mutual Fund and Edelweiss Mutual Fund, and one fund each from Bank of India Mutual Fund, DSP Mutual Fund, Canara Robeco Mutual Fund, Motilal Oswal Mutual Fund and Union Mutual Fund.


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The top seven funds were small cap funds. Quant Small Cap Fund multiplied the lumpsum investment by 7.75 times in the last seven years. A lumpsum investment of Rs 1 lakh in this fund would have been Rs 7.75 lakh now with a CAGR of 33.97%.

Bank of India Small Cap Fund and Nippon India Small Cap Fund multiplied the lumpsum investments by 6.12 times and 5.30 times respectively. These funds posted a CAGR of 29.52% and 26.89% respectively.

The other four small cap funds were Invesco India Smallcap Fund, Union Small Cap Fund, DSP Small Cap Fund and Edelweiss Small Cap Fund. These funds multiplied the lumpsum investments by 5.06 times, 4.82 times, 4.77 times and 4.76 times respectively in the said time period.

These four small cap funds posted a CAGR of 26.05%, 25.17%, 25.01% and 24.94% respectively in the said time period.

Quant ELSS Tax Saver Fund multiplied the same lumpsum investment by 4.74 times in the last seven years, and a lumpsum investment of Rs 1 lakh in this fund would have been Rs 4.74 lakh now with a CAGR of 24.88%.

Canara Robeco Small Cap Fund, a small cap fund, multiplied the same investment by 4.73 times and delivered a CAGR of 24.84% in the said time period. Quant Flexi Cap Fund delivered a CAGR of 24.71% and multiplied the investment by 4.69 times.

The last five funds in the list were mid cap funds. Edelweiss Mid Cap Fund, which multiplied the lumpsum investments by 4.50 times, was followed by Motilal Oswal Midcap Fund and Invesco India Midcap Fund, which multiplied the lumpsum investments by 4.42 times each in the said time period.

The other two mid caps were Nippon India Growth Mid Cap Fund and Quant Mid Cap Fund, which multiplied the lumpsum investments by 4.37 times and 4.33 times respectively.

A lumpsum investment of Rs 1 lakh in these five mid cap funds would have ranged between Rs 4.33 lakh and Rs 4.50 lakh in the last seven years.

The other 174 funds in the said time period multiplied the lumpsum investment ranging between 1.99 times and 4.28 times in the last seven years. HDFC Mid Cap Fund, the largest mid cap fund based on assets managed, multiplied the investment by 4.27 times with a CAGR of 23.04%.

SBI Contra Fund, the oldest and largest contra fund, multiplied the lumpsum investment by 3.89 times in the said time period.

Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, multiplied this lumpsum investment by 3.32 times and posted a CAGR of 18.69%. SBI ELSS Tax Saver Fund, the oldest ELSS fund, multiplied the lumpsum investment by 3.26 times with a CAGR of 18.40%.

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Shriram ELSS Tax Saver Fund and Shriram Flexi Cap Fund were the last ones in the list, which multiplied this investment by 2.04 times and 1.99 times respectively.

We considered all equity funds excluding sectoral and thematic. We considered regular and growth options. We calculated the lumpsum performance in the last seven years.

Note, the above exercise is not a recommendation. The exercise was done to find which equity schemes multiplied the lumpsum investment by over 4.3 times in the last seven years. One should not make investment or redemption decisions based on the above exercise. One should always choose a fund 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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