These 12 equity mutual funds turned a Rs 10,000 SIP into over Rs 11 crore
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Wealth creators
Around 12 equity mutual funds turned a Rs 10,000 monthly SIP into over Rs 11 crore since inception, an ETMutualFunds analysis showed. The analysis covered around 305 equity funds, excluding sectoral and thematic funds. Of these, 110 funds turned the SIP into over Rs 11 crore, with the highest corpus reaching Rs 30 crore. (Source: ACE MF)
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Nippon India Growth Mid Cap Fund
Nippon India Growth Mid Cap Fund (Earlier known as Nippon India Growth Fund) launched in October 1995, turned the Rs 10,000 monthly SIP to Rs 29.32 crore with an XIRR of 22.22% since its inception.
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Franklin India Mid Cap Fund
Franklin India Mid Cap Fund (Earlier known as Franklin India Prima Fund) turned the same monthly SIP amount to Rs 24.04 crore with an XIRR of 19.73% since its inception in December 1993.
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Two funds from HDFC Mutual Fund
Two funds from HDFC Mutual Fund - HDFC Flexi Cap Fund (Earlier known as HDFC Equity Fund) and HDFC ELSS Tax saver (Earlier known as HDFC TaxSaver Fund) - turned the SIP investment to Rs 22.76 crore and Rs 21.26 crore respectively since their inceptions in March 1996 and January 1995 respectively.
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Franklin India Flexi Cap Fund
Franklin India Flexi Cap Fund (Earlier known as Franklin India Equity Fund) turned Rs 10,000 SIP to Rs 16.88 crore with an XIRR of 18.81% since its inception in September 1994.
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SBI ELSS Tax Saver Fund
SBI ELSS Tax Saver Fund (Erstwhile known as SBI Long Term Equity Fund) turned the same SIP to Rs 14.99 crore with an XIRR of 17.31% since March 1993. This ELSS fund is the oldest ELSS fund.
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Franklin India Large Cap Fund
Franklin India Large Cap Fund (Earlier known as Franklin India Bluechip Fund) turned the same SIP to Rs 13.82 crore with an XIRR of 17.29% since December 1993.
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HDFC Value Fund
HDFC Value Fund, a value fund, launched in February 1994, turned the SIP amount to Rs 12.08 crore with an XIRR of 17.29%. The fund was earlier known as HDFC Capital Builder Value Fund.
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Four turned to Rs 11 crore
Nippon India Vision Large & Mid Cap Fund (Earlier known as Nippon India Vision Fund), ICICI Prudential Multicap Fund (Erstwhile known as ICICI Prudential Top 200 Fund), Tata Mid Cap Fund and SBI Large & Midcap Fund (Earlier known as SBI Magnum Multiplier Fund) turned the SIP amount to Rs 11.70 crore, Rs 11.65 crore, Rs 11.07 crore, and Rs 11.06 crore respectively.