18 equity mutual funds multiply lumpsum investments by over 1.85x in 3 years. Are any of these part of your portfolio?

Around 18 equity mutual funds have multiplied lumpsum investments by more than 1.85 times in the last three years, an analysis by ETMutualFunds showed. There were 242 funds in the said time period.

Out of these 18 funds, 11 were midcap funds, three were smallcap funds, and one each belonged to the large and midcap, multi cap, value fund and ELSS categories.

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Bandhan Small Cap Fund multiplied lumpsum investments by 2.12 times in the last three years. A lumpsum investment of Rs 1 lakh in this fund would have been Rs 2.11 lakh now, with a CAGR of 28.45% in the said time period.


The next nine funds in the list were mid cap funds. Edelweiss Mid Cap Fund and Invesco India Midcap Fund multiplied the investments by 1.99 times and 1.98 times, respectively, in the last three years.

HDFC Mid Cap Fund, the largest mid cap fund based on assets managed, multiplied the lumpsum investments by 1.97 times and turned a lumpsum investment of Rs 1 lakh into Rs 1.97 lakh, with a CAGR of 25.41% in the said time period.

WOC Mid Cap Fund, Nippon India Growth Mid Cap Fund and Sundaram Mid Cap Fund multiplied investors’ lumpsum investments by 1.96 times, 1.93 times and 1.91 times, respectively, in the said time period.

The other three mid cap funds, Mahindra Manulife Mid Cap Fund, ITI Mid Cap Fund and HSBC Midcap Fund, multiplied the investment by 1.90 times each in the said time period.

ITI Small Cap Fund multiplied the lumpsum investment by 1.89 times and turned a lumpsum investment of Rs 1 lakh into Rs 1.88 lakh, with a CAGR of 23.56% in the last three years.

SBI ELSS Tax Saver Fund, the oldest ELSS fund, multiplied a Rs 1 lakh lumpsum investment by 1.87 times, with a CAGR of 23.28% in the said time period. HSBC Value Fund, a value fund, multiplied the investment by 1.86 times and delivered a CAGR of 23.06% in the said time period.

The last five funds in the list multiplied the investment by 1.85 times each. These included two midcap funds, one smallcap fund, one multicap fund and one large and midcap fund. These were Bandhan Large and Mid Cap Fund, Mahindra Manulife Small Cap Fund, Kotak Multicap Fund, Motilal Oswal Midcap Fund and JM Midcap Fund.

The other 224 schemes in the list multiplied lumpsum investments in the range of 1.05 times to 1.84 times in the said time period. HDFC Flexi Cap Fund, the second largest flexi cap fund, turned a Rs 1 lakh lumpsum investment into Rs 1.80 lakh, thereby multiplying the investment by 1.81 times in the last three years.

Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, multiplied the lumpsum investment by 1.76 times in the last three years. SBI Contra Fund, the oldest and largest contra fund, turned a Rs 1 lakh investment into Rs 1.72 lakh in the same period.

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Two funds from DSP Mutual Fund, DSP Large Cap Fund and DSP Flexi Cap Fund, multiplied the investment by 1.62 times each in the mentioned time frame.

Samco ELSS Tax Saver Fund and Samco Flexi Cap Fund were the last ones in the list and multiplied lumpsum investments by 1.19 times and 1.05 times, respectively, in the said time frame.

We considered all equity mutual funds. We considered regular and growth options. We calculated the performance of schemes based on lumpsum investments made in the last three years.

Note that the above exercise is not a recommendation. The exercise was conducted to identify equity mutual funds that have multiplied investors’ lumpsum investments by more than 1.85 times in the last three years. One should not make investment or redemption decisions based on this exercise.

Investors should always consider their risk appetite, investment horizon and financial goals before making any investment decision.

(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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