Mutual funds are an ideal option for long-term wealth creation. In India, there are more than 235 equity diversified mutual fund schemes, including 31 schemes that have completed 25 years. Here are top 25-year old equity diversified mutual fund schemes that have delivered stellar returns. Systematic investment plans (SIPs) in these funds have multiplied investors’ money by up to 28 times over the last 25 years. Non-Resident Indians looking to create wealth through NRI mutual funds need to add some of these funds to their portfolio.
Top Five Mutual Fund Schemes that Created Significant Wealth for Investors
Listed below are the top five 25-year-old mutual funds that multiplied invested amount by up to 28 times.
Nippon India Growth Fund
Nippon Indian Growth Fund, formerly known as Reliance Growth Fund, is a mid cap mutual fund scheme from Nippon India Mutual Fund. It was the top performing mutual fund scheme in its category. It has delivered 21.93% average annual returns since launch. As per the Nippon India Growth Fund’s performance, a monthly SIP of Rs. 10,000 over the last 25 years would have multiplied the invested amount by 28 times, generating a total corpus of Rs. 8.9 crore. The Extended Internal Rate of Return (XIRR) method has been used to compute returns.
Source: Moneycontrol
Note that past performance is not indicative of future results.
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Franklin India Prima Fund
Franklin India Prima Fund is a mid cap mutual fund scheme from Franklin Templeton Mutual Fund. It is India’s oldest private sector invested scheme. As on September 30, 2022, the fund had Rs. 7,815 Crores worth of assets under management (AUM). Launched on 30 October 1993, Franklin India Prima Fund has delivered 18.97% average annual returns since inception. Rs. 10,000 monthly investment via SIP over the last 25 years would have multiplied the invested amount by 23 times, generating a total corpus of Rs. 7.4 crores.
Source: Moneycontrol
HDFC Flexi Cap Fund
HDFC Flexi Cap Fund is a multi cap mutual fund scheme by HDFC Mutual Fund. Launched on 30 September 1994, HDFC Flexi Cap Fund had Rs. 32,894 crores worth of assets under management (AUM) as on 30 September 2022. HDFC Flexi Cap Fund has delivered 18.54% average annual returns since launch. Rs. 10,000 monthly investment via SIP in HDFC Flexi Cap Fund over the last 25 years would have multiplied the invested amount by 22 times, generating a total corpus of Rs. 6.9 crores.
Source: Moneycontrol
Tata Mid Cap Growth Fund
Tata Mid Cap Growth Fund is a mid cap mutual fund scheme by Tata Mutual Fund. Launched on Jul 01, 1994, it has delivered an average annual return of 12.47% since then. Money invested in Tata Mid Cap Growth Fund via the SIP route has appreciated by 15 times in the last 25 years.
Source: Moneycontrol
SBI Long Term Equity Fund
Formerly known as SBI Magnum Taxgain, SBI Long Term Equity Fund is a medium-sized fund of its category. The fund is known for delivering returns consistently. Money invested in SBI Long Term Equity Fund via the SIP has grown by 14.3 times in the last 25 years. Rs. 10,000 monthly investment via SIP over the last 25 years would have generated a total corpus of Rs. 4.6 crores for an investor.
Source: Moneycontrol
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. SBNRI does not intend to predict future returns, please read all related documents before investing.
