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.
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%.
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.
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.
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.
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.
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.
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.
