Any of these 23 Mutual Funds would’ve 3x your money in 5 years | May 17


ONAD-17 midcap schemes, five multicap schemes and a largecap scheme tripled investors wealth in a period of five years

? Cool Title, but what’s the news?

23 equity mutual fund schemes tripled investors wealth in a period of five years. 17 midcap schemes, five multicap schemes and a largecap scheme made it to the list.

? Okay, but what does it mean?

In other words, if an investor had invested Rs 1 lakh in the scheme in May 2013, s/he would have amassed Rs 3,90,000 rupees at the end of April 2018. In the same time period, the benchmark index, S&P BSE Sensex, generated a 78 per cent return and BSE Midcap index gave 166 per cent return.

? Why should I care?

There are two important things that can be taken away from this really interesting piece of news.

One, that mutual funds are becoming a lucrative asset class for all levels of investors. And this proves that mutual funds can generate exceptionally high returns in a relatively short period of times, and they’re already proven to be excellent long-term investment options.

Two, is that it challenges the whole concept of building the perfect portfolio. While having a balanced portfolio is important to negate losses, but had you picked any one of these 23 schemes, returns would’ve been exceptional.

 

Source: Economic Times


Written by

Vedant Kaushik