Top 7 Mutual Funds
If you had invested a lump sum in a good equity mutual fund three years ago, today your money could have been doubled or even more. In the last three years, there have been 7 such mutual funds which have given excellent returns to investors.
The Mutual Funds Scheme changed the investment of Rs 1 lakh of investors to Rs 2 lakh or more in three years. That is, this scheme has doubled investors’ money. Let us know about those top 7 mutual funds, which have given the most spectacular returns in three years.
1. Bandhan Small Cap Fund
Bandhan is at the forefront of this list. This fund has increased Rs 1 lakh to Rs 2,17,640.37 in three years. That is, this money became 2.18 times. Its compound annual growth rate (CAGR) was 29.59%.
2. Invesco India Midcap Fund
Invesco India Midcap Fund is also one of the best performances. It has converted 1 lakh rupees of investors to Rs 2,10,519 in three years. That is, this fund has increased investors’ money at an annual rate of 28.16% with 2.11 times returns.
3. Motilal Oswal Midcap Fund
Motilal Oswal Midcap Fund has also given good returns to investors. Investment of 1 lakh in this fund has increased to Rs 2,08,666.17 in three years. The CAGR of this scheme was 27.79% and the money of investors increased to about 2.09 times.
4. ITI Small Cap Fund
ITI Small Cap Fund has converted Rs 1 lakh to Rs 2,04,274.05. This fund has given an increase at an annual rate of 26.88% and has increased the money of investors by 2.04 times. This scheme has performed well in the small cap segment.
5. Motilal Oswal Large & Midcap Fund
Another fund of Motilal Oswal, Large and Midcap Fund also gave excellent returns. It has brought the investment of 1 lakh rupees to 2,03,001.03 in three years. Its CAGR stood at 26.62% and investors’ money increased by 2.03 times.
6. Invesco India Smallcap Fund
Invesco India Smallcap Fund also increased the money of investors to 2.01 times. This fund has changed 1 lakh rupees for Rs 2,00,910.40. The fund has received returns at the rate of 26.18% annually.
7. HDFC Mid Cap Fund
HDFC Midcap Fund has brought Rs 1 lakh to Rs 1,99,774.71 in three years. The CAGR of the fund was 25.94%. Investors’ money in the fund almost doubled.