Large Cap Mutual Funds: Six MF converts Lumpsum Investment of Rs.5 Lakh into 1 Crore in 20 Years

As per the analysis of data, around six large-cap mutual funds have made an investment of Rs.5 lakh turning into Rs 1 crore in the last 20 years. What is quite remarkable is that approximately 11 large-cap funds have remained in the market for a total of 20 years.

HDFC Top 100 Fund

The HDFC Top 100 Fund has made the initial investment of Rs.5 lakh against the lump sum into Rs.1.51 crore in the last 20 years with a CAGR of 18.58% during this period.

The scheme is compared with Nifty 100-TRI for the analysis of performance. The scheme is being administered by Rahul Baijal. Established in September 1996, the scheme deals with Rs.33,488 crore in assets as of May 2024.

Aditya Birla SL Frontline Equity Fund

It converts a lump-sum investment of Rs.5 lakh into Rs.1.45 crore over the last 20 years with a compound annual growth rate (CAGR) of 18.36% during this period.

It is mandated to be compared with Nifty 100 (TRI) and is managed by Mahesh Patil. Implemented in August 2002, the scheme at present controls Rs.27,274 crore as of May 31, 2024.

Kotak Bluechip Fund

Kotak Bluechip Fund (formerly known as Kotak 50) turned the lumpsum investment of Rs.5 lakh transmuted into Rs.1.21 crore in the last 20 years. This scheme provided a CAGR of 17.28% within the same timeframe.

It has the benchmark of Nifty 100 TRI and is handled by Rohit Tandon. Established in February 2003, at present, the value of funds in this scheme is Rs.8,199 crore.

Tata Large Cap Fund

Tata Large Cap Fund, earlier known as Tata Pure Equity Fund, has provided growth of Rs.1.20 crore from a Rs.5 lakh lump sum investment. Over the mentioned time period, 20 crore should be spent. The scheme, on average, was able to attain a compound annual growth rate (CAGR) of 17.23% during this period.

It is for this scheme that it is compared against Nifty 100 (TRI), and the fund manager for this scheme is Abhinav Sharma. Introduced in May 1998, the scheme mobilizes Rs.2,161 crore in the present financial year, May 2024.

DSP top 100 equity fund

DSP Top 100 Equity Fund has turned a lumpsum investment of Rs.5 lakh into Rs.1.10 crore, which depicts a CAGR of 16.74% during this period.

It is the scheme that is pegged against BSE 100-TRI, and it is guided by Abhishek Singh and Jay Kothari. This scheme was started in March 2003, and till May 2024, the scheme deals with a fund of Rs.3,716 crore.

Franklin India Bluechip Fund

Franklin India Bluechip Fund retrieved the lumpsum investment of Rs.5 lakh and transformed it into Rs.1.01 crore, with a compounded annual growth rate of 16.26% over the last 20 years.

The scheme is compared with Nifty 100 TRI and is handled by either Venkatesh Sanjeevi, Ajay Argal, or Sandeep Manam. The scheme started in December 1993, and the current net asset as of May 2024 is Rs.7,646 crore.

The other large-cap funds have been able to translate a lump-sum investment of Rs.5 lakh into amounts ranging from Rs.61.08 lakh to Rs.89.85 lakh over twenty years. These schemes provided CAGR, which varied between 13.32% and 15.53%.

The sample consisted of all marketed large-cap funds over the sample period; evaluation of regular and growth options was performed from July 7, 2004, to July 6, 2024.