30 years SIP: How have MFs built wealth for long term investors

The equity market has never failed patient long-term investors. Well-managed mutual fund (MF) schemes have proved with their long-term track records that wealth can be built over the long term. The power of compounding works in favour of long-term investments.
Systematic Investment Plans (SIPs) are one of the most popular ways to invest in MFs. SIPs help inculcate financial discipline and build wealth over the long run. It helps to take advantage of market volatility through rupee-cost averaging. Franklin Templeton Mutual Fund (formerly known as Kothari Pioneer) introduced the first SIP in India in 1993.

There are 14 equity-oriented schemes (including equity-linked savings schemes, or ELSS, and balanced funds) that have completed 30 years in the Rs 65 lakh crore Indian MF industry.
Here is the list of equity diversified funds that multiplied investors' money through SIPs over the last 30 years. Schemes that are approaching their 30-year mark, like ICICI Pru Multicap and Franklin India Flexi Cap, are also taken into consideration. Tata Large & Midcap, Tata Midcap growth and Taurus Flexicap are excluded as their NAV history is available only from 1996.
Performance of these schemes cannot be compared as they each use a distinct investment strategy.
Data source: ACEMF

Scheme Name: Franklin India Prima Fund
Formerly known as Kothari Pioneer Prima
Inception Date: 1-Dec-1993
Present Category: Mid-Cap Fund
Latest Corpus: Rs 12,529 crore
30-year SIP return (XIRR): 21.4%
XIRR refers to Extended Internal Rate of Return

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Scheme Name: Franklin India Flexi Cap Fund
Formerly known as Franklin India Equity, Franklin India Prima Plus and Kothari Pioneer Prima Plus
Inception Date: 29-Sep-1994
Present Category: Flexi Cap Fund
Latest Corpus: Rs 17,417 crore
30-year SIP return (XIRR): 20.5%

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Scheme Name: SBI Long-Term Equity Fund
Formerly known as SBI Magnum Taxgain and Magnum Taxgain Scheme 1993
Inception Date: 31-Mar-1993
Present Category: ELSS
Latest Corpus: Rs 27,527 crore
30-year SIP return (XIRR): 19.3%

Scheme Name: Franklin India Bluechip Fund
Formerly known as Kothari Pioneer Bluechip
Inception Date: 01-Dec-1993
Present Category: Large-Cap Fund
Latest Corpus: Rs 8,257 crore
30-year SIP return (XIRR): 18.6%

Scheme Name: ICICI Prudential Multicap Fund
Formerly known as ICICI Prudential Top 200 and Prudential ICICI Power
Inception Date: 1-Oct-1994
Present Category: Multi-Cap Fund
Latest Corpus: Rs 13,921 crore
30-year SIP return (XIRR): 18.1%

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Scheme Name: HDFC Capital Builder Value Fund
Formerly known as HDFC Capital Builder and Zurich India Capital Builder.
Inception Date: 1-Feb-1994
Present Category: Value Fund
Latest Corpus: Rs 7,608 crore
30-year SIP return (XIRR): 18%

Scheme Name: SBI Large & Midcap Fund
Formerly known as SBI Magnum Multiplier Plus
Inception Date: 28-Feb-1993
Present Category: Large & Mid Cap
Latest Corpus: Rs 27,382 crore
30-year SIP return (XIRR): 17.4%

Scheme Name: Canara Robeco ELSS Tax Saver
Formerly known as Can Equity Taxsaver
Inception Date: 31-Mar-1993
Present Category: ELSS
Latest Corpus: Rs 8,876 crore
30-year SIP return (XIRR): 16.2%

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Scheme Name: SBI ESG Exclusionary Strategy Fund
Formerly known as Magnum Multiplier Scheme ’90 and Magnum Equity
Inception Date: 1-Jan-1991
Present Category: ESG theme
Latest Corpus: Rs 6,046 crore
30-year SIP return (XIRR): 15.7%

Scheme Name: HDFC Large- and Mid-Cap Fund
Formerly known as Morgan Stanley Growth Fund and HDFC Large-Cap Fund
Inception Date: 18-Feb-1994
Present Category: Large & Mid Cap
Latest Corpus: Rs 23,047 crore
30-year SIP return (XIRR): 15.2%

Scheme Name: UTI Flexi Cap Fund
Formerly known as UTI Mastergain '91 and UTI Equity
Inception Date: 18-May-1992
Present Category: Flexi Cap Fund
Latest Corpus: Rs 26,396 crore
30-year SIP return (XIRR): 15%

Scheme Name: UTI Large Cap Fund
Formerly known as UTI Mastershare
Inception Date: 15-Oct-1986
Present Category: Large-Cap Fund
Latest Corpus: Rs 13,595 crore
30-year SIP return (XIRR): 13.5%

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