The top two funds were midcap funds. Invesco India Midcap Fund and HSBC Midcap Fund gave an XIRR of 19.92% and 18.64%, respectively, in the last three years. A monthly SIP of Rs 10,000 in these two funds would have been Rs 4.75 lakh and Rs 4.67 lakh, respectively.
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The next two funds were from Invesco India Mutual Fund. Invesco India Large & Mid Cap Fund and Invesco India Smallcap Fund gave an XIRR of 18.35% and 17.71% respectively in the said time period.
Two small cap funds – ITI Small Cap Fund and Bank of India Small Cap Fund delivered an XIRR of 17.32% and 17.23% respectively in the last three years. A monthly SIP of Rs 10,000 in these two funds would have been Rs 4.59 lakh and Rs 4.58 lakh respectively.
The next two funds to follow were midcap funds. ICICI Pru Midcap Fund and WOC Mid Cap Fund posted an XIRR of 16.81% and 16.49% respectively in the said time period.
Bandhan Small Cap Fund posted an XIRR of 16.27% on SIP investments in the last three years and turned Rs 10,000 monthly SIP to Rs 4.52 lakh in the same time period
Quant Value Fund, a value fund, posted an XIRR of 16.25% in the last three years. This was followed by Motilal Oswal Large & Midcap Fund, which gave an XIRR of 15.39% in the same time period. A monthly SIP of Rs 10,000 in this large & midcap fund would have been Rs 4.47 lakh now.
The last fund to deliver over 15% XIRR was Union Small Cap Fund. The small cap fund delivered an XIRR of 15.05% and turned the Rs 10,000 monthly investment into Rs 4.45 lakh now.
Other funds in the said time period delivered an XIRR ranging between negative of 5.31% to positive 14.49% in the last three years.
Motilal Oswal ELSS Tax Saver Fund delivered an XIRR of 14.49% in the said time period, followed by DSP Small Cap Fund which gave an XIRR of 14.28%. Nippon India Growth Mid Cap Fund, the fund with the highest NAV, delivered an XIRR of 13.80% in the last three years.
Quant Small Cap Fund delivered an XIRR of 12.94% on SIP investments in the last three years and turned Rs 10,000 SIP investment to Rs 4.32 lakh. HDFC Mid Cap Fund, the largest mid cap fund based on assets managed, delivered an XIRR of 12.51% in the same time frame.
Nippon India Small Cap Fund, the largest small cap fund based on assets managed, delivered an XIRR of 10.66% in the last three years. HDFC Flexi Cap Fund and ITI ELSS Tax Saver Fund delivered an XIRR of 10% each on SIP investments in the last three years.
Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, delivered an XIRR of 6.84% in the last three years. Two flexi cap funds – Shriram Flexi Cap Fund and NJ Flexi Cap Fund were the last ones to deliver positive returns on SIP investments.
These two flexi cap funds delivered an XIRR of 0.73% and 0.06% respectively in the last three years.
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Negative return on SIP investments
Samco Flexi Cap Fund and Samco ELSS Tax Saver Fund were the two funds that delivered negative returns on SIP investments in the last three years. The two funds lost 5.31% and 1.89% respectively on SIP investments.
A monthly SIP of Rs 10,000 in these two funds would have been Rs 3.32 lakh and Rs 3.50 lakh respectively.
We considered all equity funds excluding sectoral and thematic. We considered regular and growth options. We calculated the SIP performance in the last three years.
Note, the above exercise is not a recommendation. The exercise was done to find which equity schemes delivered over 15% XIRR on SIP investments in the last three years. One should not make investment or redemption decisions based on the above exercise. One should always choose a fund based on their risk appetite, investment horizon and financial goals.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
