Over the last five years, a Rs. 10,000 SIP investment in the Quant Small Cap Fund has grown to Rs. 19 lakhs, which is a 3.16x increase. Now, let’s look at four other schemes offered by Hiriturns in the same order.
In recent times, the number of people investing in equity funds has been increasing. This is likely due to the fact that various funds offer high returns with lower risk when compared to the stock market. Investors are basing their decisions on the fund’s past performance.
Experts believe that if this trend persists, investors can continue to receive good returns. Now, let’s explore some high-return funds.
Five equity mutual fund schemes have multiplied investors’ wealth by an average of 2.5 times over the past 5 years. Out of 193 schemes that have completed the five-year period, these five have provided the highest returns.
Quant Small Cap Fund, which led to Rs. 19 lakhs in hand within 5 years, is quite popular. Over the past five years, a monthly investment of Rs. 10,000 through the Systematic Investment Plan has resulted in a 3.16x increase. Investors will receive Rs. 18.96 lakhs after five years. The XIRR for Quant Small Cap Fund over these five years is 49.38%.
The Nippon India Small Cap Fund comes second on the list. SIP has increased the investment by 2.73 times over five years. Those who invested Rs. 10,000 per month will have Rs. 16.35 lakhs in hand after five years. The XIRR of this scheme is 42.64%.
Two schemes in the mid-cap category – Motilal Oswal Mid-Cap Fund and Quant Mid-Cap Funds – have increased investors’ SIP investment by 2.60 and 2.59 times respectively over the last five years.
By investing Rs. 10,000 per month in these two schemes, investors can expect to receive Rs. 15.59 lakhs. The XIRR for these schemes is 40.50% and 40.35%, respectively.
The SIP investment in the Quant Flexi Cap Fund has grown 2.51 times over five years. Through a systematic investment plan with a monthly contribution of Rs. 10,000, investors stand to receive Rs. 15.04 lakhs in hand after five years. The XIRR of this scheme is 38.92%.