15 largecap mutual funds turn monthly SIP of Rs 40,000 to Rs 1 crore in 10 years

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Around 15 largecap mutual funds have turned a monthly SIP investment of Rs 40,000 into Rs 1 crore in the last 10 years, data crunching by ETMutualFunds showed. Around 23 large cap funds have completed 10 years of existence in the market.Nippon India Large Cap Fund turned a monthly SIP of Rs 40,000 into Rs 1.20 crore in the last 10 years with an XIRR of 17.69%. ICICI Prudential Bluechip Fund, the largest large cap fund based on assets managed, turned the monthly investment of Rs 40,000 to Rs 1.15 crore in a 10 year horizon. The scheme offered an XIRR of 16.97% in the same time period.
Baroda BNP Paribas Large Cap Fund turned the monthly SIP of Rs 40,000 to Rs 1.10 crore in the last 10 year period. The scheme offered an XIRR of 16.09% in the said period. HDFC Top 100 Fund turned the monthly investment to Rs 1.09 crore in the said period.

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Kotak Bluechip Fund turned a monthly SIP of Rs 40,000 to Rs 1.07 crore with an XIRR of 15.49% in the last 10 years. SBI BlueChip Fund turned the monthly investment into Rs 1.03 crore with an XIRR of 14.88% in a 10 year period.

The other eight large cap funds turned the monthly investment between Rs 90.97 lakh to Rs 99.94 lakh in the said period. The oldest large cap fund, Franklin India Bluechip Fund, turned the monthly investment of Rs 40,000 into Rs 95.60 lakh in the last 10 years. We considered all large cap funds that have completed 10 years of existence. We considered regular and growth options. We calculated the XIRR returns between June 7, 2014 to June 7, 2024.Also Read | These smallcap mutual funds outperformed benchmarks in May

Note, the above exercise is not a recommendation. The exercise was done to find which large cap funds turned the monthly SIP investment of Rs 40,000 to Rs 1 crore in the last 10 years. One should not make investment or redemption decisions based on the above exercise.

One should always consider risk appetite, investment horizon, and goal before making investment decisions.

Large cap schemes are recommended to conservative investors looking for equity mutual fund schemes to achieve your long-term goals. These schemes are mandated to invest in top 100 companies by market capitalisation. These large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. This makes these schemes relatively less risky and volatile.

If you are looking for recommendations, see:

Best large cap mutual funds to invest in June 2024

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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