Every equity mutual fund delivers positive XIRR on SIPs in 5 years. Did you exit too soon?

Every mutual fund delivered a positive XIRR on SIP investments over the last five years, according to an analysis by ETMutualFunds. There were nearly 219 equity funds during this period, of which 165 delivered double-digit XIRRs, while 54 funds posted single-digit XIRRs.

HSBC Midcap Fund delivered the highest SIP XIRR of around 22.70% over the five-year period. A monthly SIP of Rs 10,000 in the fund would have grown to Rs 10.53 lakh.

ITI Small Cap Fund followed with an XIRR of 22.52%, while Bandhan Small Cap Fund delivered 22.03%. A monthly SIP of Rs 10,000 in Bandhan Small Cap Fund would have grown to Rs 10.36 lakh over the same period.


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Invesco India Midcap Fund and Bank of India Small Cap Fund posted XIRRs of 21.74% and 21.24%, respectively. Invesco India Smallcap Fund and Motilal Oswal Large & Midcap Fund recorded XIRRs of 21.12% and 21.03%, respectively, over the last five years.

ICICI Prudential Midcap Fund generated an XIRR of 20.10% over the five-year period, while DSP Small Cap Fund and Edelweiss Mid Cap Fund clocked XIRRs of 19.22% each.

HDFC Mid Cap Fund, the largest mid-cap fund by assets under management, registered an XIRR of 19.19%, turning a monthly SIP of Rs 10,000 into Rs 9.67 lakh. Quant Small Cap Fund posted an XIRR of 18.40% on SIP investments made five years ago.

Nippon India Small Cap Fund, the largest small-cap fund by assets under management, recorded an XIRR of 17.53% over the five-year period, turning a monthly SIP of Rs 10,000 into Rs 9.29 lakh.

HDFC Flexi Cap Fund, the second-largest flexi-cap fund, generated an XIRR of 15.81%, taking the monthly SIP of Rs 10,000 to Rs 8.90 lakh over the same period.

Two focused funds - ICICI Pru Focused Fund and HDFC Focused Fund offered an XIRR of 15.17% and 15.14%, respectively, in the said time period.

SBI ELSS Tax Saver Fund, the oldest ELSS fund, delivered an XIRR of 13.46% on SIP investments in the mentioned period. Three large & mid cap funds - Baroda BNP Paribas Large & Mid Cap Fund, Union Large & Mid Cap Fund and DSP Large & Mid Cap Fund - delivered an XIRR of 12.47%, 12.46% and 12.42% respectively in the said period.

Two funds from Quant Mutual Fund - Quant Mid Cap Fund and Quant Focused Fund - delivered an XIRR of 11.97% each on SIP investments.

Parag Parikh Flexi Cap Fund, the largest active fund and flexicap fund based on assets managed, delivered an XIRR of 11.05% on SIP investments in the said time period. Canara Rob ELSS-Tax Saver Fund was the last one to deliver a double-digit XIRR in the said time period. The fund gave an XIRR of 10.09%.

Taurus ELSS Tax Saver Fund gave an XIRR of 9.93% on SIP investments in the last five years. This was followed by Navi Large & Midcap Fund, which gave an XIRR of 9.88% in the same time period.

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Two large-cap funds — SBI Large Cap Fund and Aditya Birla Sun Life Large Cap Fund — posted XIRRs of 9.07% and 9.02%, respectively, over the five-year period. Among focused funds, Tata Focused Fund and Axis Focused Fund recorded XIRRs of 8.40% and 8.32%, respectively.

Shriram ELSS Tax Saver Fund and Shriram Flexi Cap Fund were the lowest-ranked funds, with XIRRs of 5.51% and 5.35%, respectively.

Considered universe

The analysis covered all equity mutual funds and considered regular growth options. SIP performance was calculated for the five-year period from September 1, 2021, to September 1, 2026.

The exercise is not a recommendation and was conducted solely to assess how equity mutual funds performed on SIP investments made five years ago. Investment or redemption decisions should not be based on this analysis. Investors should consider their risk appetite, investment horizon and financial goals before investing.

(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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