5 Year SIP Success: Top 9 Mutual Funds Rewarding Investors With 30%+ Returns
Out of 23 mutual funds, these nine mutual cap funds have achieved over 30% returns on SIP investments in the past five years. Here, we explore nine midcap mutual funds that have consistently provided over 30% SIP returns over the last five years.
Motilal Oswal Midcap Fund
Over the past five years, Motilal Oswal Midcap Fund has delivered exceptional SIP returns of 39.83%, respectively. Investors who contributed Rs.10,000 monthly would now see their investment grow to nearly Rs.15.74 lakh.
Nippon India Growth Fund
The Nippon India Growth Fund achieved an impressive 33.35% XIRR on SIP during this period. With a monthly SIP in this fund is growing to Rs.13.55 lakh.
Edelweiss Mid Cap Fund
Edelweiss Mid Cap Fund is a mutual fund that focuses on investing in mid-cap companies. Edelweiss Mid Cap Fund achieved an XIRR of 33.27% for the same SIP investments.
Invesco India Midcap Fund
The Invesco India Midcap Fund has delivered an impressive XIRR of 30.26% on SIP investment over the last five years. This fund is a mutual fund scheme that focuses on investing in mid-cap companies; by focusing on mid-cap stocks, this fund aims to offer investors the potential for greater returns compared to large-cap funds.
Quant Mid Cap Fund
The Quant Mid Cap Fund achieved an XIRR of 33.17% on SIP investment during the specified period. Monthly SIP of Rs.10000 in this scheme would have grown to Rs.13.48 lakh now.
HDFC Mid-Cap Opportunities Fund
The HDFC Mid-Cap Opportunities Fund, the largest mid-cap fund by assets under management, has achieved an XIRR of 32.94% on SIP investments during the same period. A monthly SIP of Rs 10,000 would have grown to Rs.13.42 lakh.
Mahindra Manulife Mid Cap Fund
The Mahindra Manulife Mid Cap Fund is a mutual fund scheme that invests in mid-cap stocks, which are companies with a market capitalization between small and large caps. This fund aims to capitalize on the growth potential of these mid-cap companies.
During the specified period, the Mahindra Manulife Mid Cap Fund delivered an XIRR of 31.82%.
Sundaram Mid Cap Fund
The Sundaram Mid Cap Fund recorded an XIRR of 30.28% during the specified period. The Sundaram Mid Cap Fund is a mutual fund scheme that aims to invest in mid-cap companies, which are categorized by their own potential growth and market capitalization between small and large caps.
Kotak Emerging Equity Fund
The Kotak Emerging Equity Fund, which is the second-largest mid-cap fund by asset under management (AUM), has achieved an XIRR of 30.09% during the same period. If investors had invested a monthly SIP of Rs.10,000, the investment would have grown to Rs.12.55 lakh now.
Conclusion
Other mid-cap funds delivered an XIRR return ranging from 22.83% to 29.26% on SIP investment in the specified period. As a result, a monthly SIP of Rs.10,000 would have grown to between Rs.10.55 lakh and Rs.12.31 lakh.
