Top 7 mutual funds in the last 10 years: What Rs 10,00,000 lump sum investment in each is worth now?
Highest return mutual fund in 10 years: Indian equities help one to reap higher returns in comparison to traditional asset classes and also get inflation-beating returns in case an investor remains invested for a long time. On similar lines, mutual funds pool investors' money and deploy across asset classes offering the advantage of disciplined and regular investing with compounding benefits.
Here we will check the mutual funds that have generated substantial wealth for investors in the last 10 years.
Nippon India Smallcap fund
An investor's lump sum investment of Rs 10 lakh would have grown to Rs 91,62,635 lakhs, implying exorbitant gains of 816 per cent. The fund commands a sizable corpus within the category and carries 0.65 per cent expense ratio.
Quant ELSS Tax Saver Fund
The investment of Rs 10 lakh in the fund is worth Rs 91,28,607. The fund comes second in the list offering tax benefit together with the decent returns.
Motilal Oswal Midcap fund
The Rs 10 lakh investment in the fund in 10 years has grown to Rs 79,75,691. The fund carries an expense ratio of 0.6 per cent.
HSBC Smallcap Fund
Rs 10,00,000 lump sum investment in the fund in 10 years has grown to Rs 77,63,865.87. The expense ratio of the fund is 0.68 per cent.
Axis Small cap fund
The investment of Rs 10 lakh is now worth Rs 74,58,136.79 in 10 years. The fund 's expense ratio stands at 0.54 per cent.
Quant Large and Midcap fund
Rs 10,00,000 lump sum investment in the fund is Rs 70,99,995.98. The fund's expense ratio is at 0.61 per cent while the category average is 0.74 per cent.
Invesco India Midcap Fund
The fund of Rs 10 lakh in the mutual fund scheme is worth as much as Rs 69,28,764. The fund's expense ratio is at 0.58 per cent.