Indian Equity Funds: Up to 24x Returns in 20 Years
By Market Desk
Discover how seven Indian equity mutual funds have multiplied investor wealth up to 24 times over two decades. Explore top performers and their impressive CAGRs.
Seven Indian equity mutual funds have significantly amplified investor wealth over the past two decades, with some schemes multiplying initial investments by up to 24 times. This substantial long-term growth across large-cap, mid-cap, and flexi-cap categories was highlighted in FundsIndia’s ‘Wealth Conversations Report’.
Leading Long-Term Wealth Creators
The Nippon India Growth Mid Cap Fund emerged as the top performer over 20 years, multiplying investors’ money by 23.3 times. It achieved a Compound Annual Growth Rate (CAGR) of 17.1%, demonstrating the highest wealth creation across 3, 5, 10, and 20-year periods.
HDFC Flexi Cap Fund also showcased robust performance, delivering a 17.8-times multiplication of investor wealth over the same two-decade span. This fund maintained a strong 15.5% CAGR, underscoring its consistent returns.
Franklin Templeton Mutual Fund featured two schemes among the top wealth creators. The Franklin India Mid Cap Fund grew investments by 17.6 times with a 15.4% CAGR over 20 years, notably leading in wealth multiplication over a 15-year period.
Its counterpart, the Franklin India Flexi Cap Fund, also performed strongly by multiplying investor wealth 15.7 times. This scheme recorded a 14.7% CAGR across the two-decade timeframe, contributing to the sector’s impressive track record.
Aditya Birla Sun Life Mutual Fund also contributed two funds to this elite group of long-term performers. The Aditya Birla Sun Life Flexi Cap Fund multiplied investor wealth by 14.8 times, achieving a 14.4% CAGR over 20 years.
The Aditya Birla Sun Life Large Cap Fund delivered a 13.7-times increase in investor money over the same period. It recorded a 14% CAGR, solidifying its position as a consistent wealth builder.
Rounding out the list, the HDFC Large Cap Fund multiplied investors’ money by 13.1 times over two decades. This fund also achieved a 14% CAGR, reinforcing the trend of substantial long-term gains.
Collectively, these seven funds have consistently proven their ability to generate significant long-term returns. They multiplied investor wealth over 10 times in the last 15 years and more than five times in the last 10 years.