Around eight equity mutual funds have multiplied lumpsum investments by more than 2.72 times over the last five years, an analysis by ETMutualFunds showed. A total of 207 funds were considered during the period.
Of these eight funds, four were smallcap funds, three were midcaps, and one was a multicap. Three funds were from Nippon India Mutual Fund, while the others were from Quant Mutual Fund, Motilal Oswal Mutual Fund, Bandhan Mutual Fund, Invesco Mutual Fund, and HDFC Mutual Fund.
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Motilal Oswal Midcap Fund multiplied a lumpsum investment of Rs 1 lakh by 2.96 times over the last five years, delivering a CAGR of 24.27%. An investment of Rs 1 lakh made in this fund on April 22, 2021, would now be worth Rs 2.96 lakh.
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