Many mutual fund buyers search for these fairness mutual funds which have doubled or tripled their investments in a brief span of time. ETMutualFunds did some evaluation and located that round 40 fairness mutual funds doubled lumpsum investments within the final three years. There have been round 209 fairness mutual funds available in the market that accomplished three years of existence.
Quant Small Cap Fund multiplied lumpsum investments by 2.70 occasions within the final three years. A lumpsum funding of Rs 1 lakh on this scheme made three years in the past would have been Rs 2.69 lakh now with a CAGR of 39.17%. Motilal Oswal Midcap Fund multiplied investments by 2.48 occasions within the final three years. A lumpsum funding made on this fund of Rs 1 lakh three years in the past would have been Rs 2.48 lakh now.
Nippon India Small Cap Fund, the biggest scheme within the small cap class primarily based on property managed, multiplied buyers wealth by 2.40 occasions. HDFC Mid-Cap Alternatives Fund, the biggest scheme within the mid cap class primarily based on property managed, multiplied wealth by 2.16 occasions. A lumpsum funding within the fund of Rs 1 lakh would have been Rs 2.16 lakh now. Additionally Learn | Financial institution mutual funds disappoint buyers in final 3 months with simply 3% return. Do you have to keep put?SBI Lengthy Time period Fairness Fund, the oldest scheme within the ELSS class, multiplied buyers wealth by 2.08 occasions within the final three years. ICICI Prudential Worth Discovery Fund multiplied wealth by 2.03 occasions within the final three years.
Widespread in MF
These 40 fairness mutual fund schemes had been from contra, ELSS, flexi cap, centered fund, giant & mid cap, mid cap, multi cap, small cap and worth fund classes. No giant cap scheme made it to the record of schemes which doubled buyers wealth within the final three years.
Most schemes within the record had been from HDFC Mutual Fund and Quant Mutual Fund. There have been round six fairness mutual fund schemes every from HDFC Mutual Fund and Quant Mutual Fund. 4 schemes had been Nippon India Mutual Fund, three schemes from ICICI Prudential Mutual Fund featured on the record of schemes which doubled wealth within the final three years. Six fund homes had two schemes every and 9 fund homes had one scheme every.
We thought of all fairness mutual fund classes akin to giant cap, mid cap, giant & mid cap, small cap, flexi cap, centered fund, multi cap, ELSS, worth and contra fund classes. We thought of common and progress choices. We checked out lumpsum investments made on April 9, 2021 to April 8, 2024.
Additionally Learn | PPFAS Flexicap Fund purchased 8.8 lakh shares of ITC amid BAT stake sale in March
Be aware, the above train will not be a advice. The train was carried out to seek out which fairness mutual funds doubled wealth within the final three years. One mustn’t make funding or redemption selections primarily based on the above train. One ought to at all times think about danger urge for food, aim and funding horizons earlier than making any funding determination.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
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