Top Equity Mutual Funds That Doubled Investments Over Five Years
8 equity mutual funds multiply lumpsum investments by over 2.72x in 5 years. Are they a part of your portfolio?
The Economic Times
Image: The Economic Times
An analysis by ETMutualFunds reveals that eight equity mutual funds have increased lumpsum investments by over 2.72 times in five years. Notably, Motilal Oswal Midcap Fund led with a CAGR of 24.27%, turning ₹1 lakh into ₹2.96 lakh. Investors should assess their financial goals before investing.
- 01Eight equity mutual funds multiplied lumpsum investments by over 2.72 times in five years.
- 02Motilal Oswal Midcap Fund had the highest return, with a CAGR of 24.27%.
- 03Investments in smallcap and midcap funds performed particularly well.
- 04The analysis included 207 funds, with varying performance metrics.
- 05Investors should evaluate their risk appetite and financial goals before investing.
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An analysis conducted by ETMutualFunds highlights that eight equity mutual funds have significantly multiplied lumpsum investments by over 2.72 times in the past five years. Among these, the Motilal Oswal Midcap Fund stood out, with a CAGR of 24.27%, transforming a lumpsum investment of ₹1 lakh made on April 22, 2021, into ₹2.96 lakh. Other notable funds include the Bandhan Small Cap Fund, which achieved a return of 2.88 times, and the Nippon India Growth Mid Cap Fund, multiplying investments by 2.85 times. The analysis encompassed a total of 207 funds, with four smallcap, three midcap, and one multicap fund making the top eight list. While the remaining funds showed varied performance, with returns ranging from 1.41 to 2.69 times, investors are advised to consider their individual risk tolerance and financial objectives before making any investment decisions.
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The performance of these mutual funds may influence investors' decisions regarding portfolio diversification and long-term wealth creation.
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