Bank of India Small Cap Fund multiplied investors wealth by 4.89 times. A lumpsum investment of Rs 1 lakh would have been Rs 4.89 lakh now with a CAGR of 37.33% in the last five years.
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Nippon India Small Cap Fund, the largest small cap fund based on assets managed, multiplied investors wealth by 4.87 times.
The next three schemes in the list were from Quant Mutual Fund. Quant Mid Cap Fund, Quant ELSS Tax Saver Fund, and Quant Flexi Cap Fund multiplied wealth by 4.83, 4.48, and 4.44 times respectively in the last five years.Two small cap funds – Canara Robeco Small Cap Fund and Edelweiss Small Cap Fund – multiplied wealth by 4.31 and 4.30 times respectively. A lumpsum investment of Rs 1 lakh made in these two small cap schemes would have been Rs 4.30 lakh and Rs 4.29 lakh respectively. A lumpsum investment of Rs 1 lakh in Motilal Oswal Midcap Fund made five years ago would have been Rs 4.29 lakh indicating a multiplication of investors wealth by 4.29 times. The scheme gave a CAGR of 33.76% in the last five years.
The next three schemes in the category were from the small cap category. Tata Small Cap Fund, Kotak Small Cap Fund, and Invesco India Smallcap Fund multiplied investors wealth by 4.17, 4.12, and 4.07 respectively. These three small cap schemes offered a CAGR of 33.04% 32.74% and 32.38% respectively in last five years.
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Quant Active Fund multiplied investors wealth by 4.06 times offering a CAGR of 32.35% in the said period.
The other schemes in the list multiplied investors’ wealth ranging between 1.93 times to 3.90 times.They offered a CAGR between 14.09% to 31.25% in the similar time frame.
We considered all equity mutual fund schemes. We considered regular and growth options. We calculated performance between July 27, 2019 and July 26, 2024.
Note, the above exercise is not a recommendation. The exercise was done to find which equity schemes multiplied investors wealth by more than four times in five 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 investment decisions.
(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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