SIP of Rs 20,000 in these funds would have made you a multi-millionaire!
There are 274 equity dedicated domestic mutual funds that have a history of more than ten years. Out of this, there are 24 funds that have given SIP returns of more than 20 per cent. Nevertheless, there are only seven funds that have given annualised returns of more than 24 per cent in the last ten years. These are the funds, wherein, if you had invested Rs 20,000 every month, your corpus would have grown to more than Rs 1 crore. The highest being ICICI Prudential Technology Fund, where every Rs 24 lakh invested would have grown to Rs 1.14 crore.
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Fund name
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10-year SIP returns (per cent)
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Investment value (Rs)
|
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ICICI Prudential Technology Fund
|
26.4
|
1,14,70,742.79
|
|
Motilal Oswal NASDAQ 100 Exchange Traded Fund
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26.3
|
1,14,08,783.3
|
|
SBI Small Cap Fund
|
25.9
|
1,11,04,537.45
|
|
Nippon India Small Cap Fund
|
25.8
|
1,10,37,338.26
|
|
Aditya Birla Sun Life Digital India Fund
|
25.2
|
1,05,86,588.55
|
|
Mirae Asset Emerging Bluechip Fund - Regular Plan
|
24.8
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1,03,13,639.34
|
|
Quant Tax Plan
|
24.4
|
1,00,41,875.15
|
An interesting fact to note here is that this list comprises a diversified set of funds. You will find funds from various categories such as sector, theme, international, small-cap, and even ELSS.
Our study shows that there are also a couple of funds that have generated negative returns in the last ten years.
In the following funds, every Rs 24 lakh invested has become less than Rs 20 lakh:
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Fund name
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10-year SIP returns (per cent)
|
Investment value (Rs)
|
|
Kotak PSU Bank ETF
|
-2
|
19,60,974.737
|
|
Nippon India ETF PSU Bank BeES
|
-1.91
|
19,79,058.295
|