Nippon India Growth Fund turned a Rs 10,000 monthly SIP into Rs 1 crore over the last 25 years, achieving an XIRR of 22.84% during that period.
Franklin India Prima Fund, which has completed 25 years in the market, turned a Rs 10,000 monthly SIP into Rs 76.38 lakh during that period, achieving an XIRR of 21.18%.
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Tata Mid Cap Fund turned the same monthly SIP into Rs 57.23 lakh, achieving an XIRR of 19.44% over the same period. Taurus Mid Cap Fund converted this monthly SIP into Rs 28.47 lakh with an XIRR of 15.18% in the last 25 years.
We considered all mid-cap funds that have completed 25 years of existence, including regular and growth options. Performance was calculated from November 1999 to November 2024.Also Read | Explainer: What is exit load in mutual funds
Please note that the above exercise is not a recommendation. It was conducted to determine which mid-cap fund turned a Rs 10,000 monthly SIP into more than Rs 1 crore over the last 25 years. Investment or redemption decisions should not be made based solely on this exercise.
Always consider your risk appetite, investment horizon, and goals before making any investment decisions.
Investing in mid-cap schemes should be considered only if you have a long-term horizon of seven to ten years, as a longer timeframe helps manage volatility more effectively.
(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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