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The top six funds were from the smallcap category. Quant Small Cap Fund multiplied the lumpsum investment by 6.24 times in the last seven years. A lumpsum investment of Rs 1 lakh in this fund would be worth Rs 6.24 lakh now with a CAGR of 29.89%.
Bank of India Small Cap Fund and Nippon India Small Cap Fund multiplied the lumpsum investments by 5.19 times and 4.58 times. These funds posted a CAGR of 26.50% and 24.29%, respectively.
The other three smallcap funds were – Invesco India Smallcap Fund, Union Small Cap Fund and Edelweiss Small Cap Fund, which multiplied the lumpsum investments by 4.45 times, 4.25 times and 4.22 times, respectively.
These three smallcap funds posted a CAGR of 23.77%, 22.96% and 22.82%, respectively.
The next two funds in the list were from Quant Mutual Fund. Quant Flexi Cap Fund and Quant ELSS Tax Saver Fund multiplied the lumpsum investment by 4.21 times and 4.20 times, respectively. A lumpsum investment in the fund would have been Rs 4.21 lakh (22.79% CAGR) and Rs 4.20 lakh (22.74% CAGR), respectively.
The last three funds in the list were midcaps. The three midcap funds were Invesco India Midcap Fund, Quant Mid Cap Fund and Edelweiss Mid Cap Fund, which multiplied the lumpsum investments by 4.09 times, 4.05 times and 4.04 times, respectively.
A lumpsum investment of Rs 1 lakh in these three midcap funds would have ranged between Rs 4.03 lakh and Rs 4.08 lakh in the last seven years.
The other 174 funds in the said time period multiplied the lumpsum investment by a factor ranging between 1.84 times and 3.99 times in the last seven years. Nippon India Growth Mid Cap Fund, the fund with the highest NAV, multiplied the lumpsum investment by 3.96 times in the last seven years.
HDFC Mid Cap Fund, the largest midcap fund based on assets managed, multiplied the investment by 3.81 times with a CAGR of 21.02%. SBI Contra Fund, the oldest and largest contra fund, multiplied the lumpsum investment by 3.47 times in the said time period.
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Parag Parikh Flexi Cap Fund, the largest active fund and flexicap fund based on assets managed, multiplied this lumpsum investment by 3.25 times and posted a CAGR of 18.34%. Shriram Flexi Cap Fund was the last one in the list, which multiplied this investment by 1.84 times.
We considered all equity funds, excluding sectoral and thematic. We considered regular and growth options. We calculated the lumpsum performance in the last seven years.
The above exercise is not a recommendation. The exercise was done to find which equity schemes multiplied the lumpsum investment by over four times in the last seven 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)
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