Aditya Birla SL Frontline Equity Fund and HDFC Top 100 Fund turned the monthly SIP of Rs 10,000 to Rs 1.38 crore each in 20 years. The schemes offered an XIRR of 15.45% and 15.44% respectively in the same period.
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Baroda BNP Paribas Large Cap Fund turned the monthly SIP to Rs 1.30 crore in the same period with an XIRR of 14.94%. Kotak Bluechip Fund turned the same monthly investment to Rs 1.22 crore with an XIRR of 14.40%.
Tata Large Cap Fund turned the monthly SIP of Rs 10,000 to Rs 1.16 crore in the last two decades with an XIRR of 14.01% in the same period. A monthly SIP of Rs 10,000 in DSP Top 100 Equity Fund made 20 years ago would have been Rs 1.13 crore now with an XIRR of 13.79%.
Franklin India Bluechip Fund and HSBC Large Cap Fund turned the same monthly SIP to Rs 1.11 crore and Rs 1.04 crore respectively in the last 20 years. These schemes gave an XIRR of 13.68% and 13.11%, respectively.Also Read | 6 equity mutual funds offer over 25% CAGR in five years
The other four large cap schemes turned the monthly SIP between Rs 82 lakh to Rs 97 lakh in the said period. These schemes gave an XIRR ranging between 11.14% to 12.55% in the same period.
We considered all large cap schemes in the said period. We considered regular and growth options. We calculated SIP returns between October 2004 to October 2024.
Note, the above exercise is not a recommendation. The exercise was done to find which large cap fund turned Rs 10,000 monthly SIP to more than Rs 1 crore in the last 20 years. One should not make investment or redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goal before making any investment decision.
Large cap schemes are recommended to conservative investors looking for equity mutual fund schemes to achieve your long-term goals. These schemes are mandated to invest in top 100 companies by market capitalisation. These large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns.
If you are looking for recommendations, see: Best large cap mutual funds to invest in October 2024
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)