SIPs in MC30 top mutual funds deliver consistent returns
Systematic investment plans (SIP) in mutual funds are used to channelise regular investments in mutual funds. A Moneycontrol study shows that equity schemes from MC30 have largely delivered better returns than the category and the benchmark returns over five-year periods.
As per AMFI (the Association of Mutual Funds of India), there are about 8.4 crore SIP accounts as of March 2024. The question is: Do SIPs in MC30 work? We have compiled 5-year SIP returns on a rolling basis over the last 11 years to check how MC30 equity schemes have performed. The study throws up interesting results. MC30 equity schemes have managed to outperform their category and their respective benchmark in most of the time frames. ‘MC30’, a curated list of Moneycontrol’s 30 MF schemes, can help you to identify investment worthy schemes to achieve your financial goals. Note that past performance is not indicative of future results. Data source: ACEMF.
2/16
Scheme name: Canara Robeco Bluechip Equity Fund Category: Large Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 14% Average 5-year SIP return (XIRR) of large cap category over the last ten years: 11.7%
Scheme name: HDFC Top 100 Fund Category: Large Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 12% Average 5-year SIP return (XIRR) of large cap category over the last ten years: 11.7%
4/16
Scheme name: Mirae Asset Large Cap Fund Category: Large Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 13.6% Average 5-year SIP return (XIRR) of large cap category over the last ten years: 11.7%
Scheme name: Edelweiss Mid Cap Fund Category: Mid Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 16.3% Average 5-year SIP return (XIRR) of mid cap category over the last ten years: 14.8%
6/16
Scheme name: PGIM India Midcap Opp Fund Category: Mid Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 17% Average 5-year SIP return (XIRR) of mid cap category over the last ten years: 14.8%
Scheme name: SBI Magnum Midcap Fund Category: Mid Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 14.9% Average 5-year SIP return (XIRR) of mid cap category over the last ten years: 14.8%
8/16
Scheme name: HDFC Flexi Cap Fund Category: Flexi Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 13.6% Average 5-year SIP return (XIRR) of flexi cap category over the last ten years: 12.8%
Scheme name: Kotak Flexicap Fund Category: Flexi Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 13.1% Average 5-year SIP return (XIRR) of flexi cap category over the last ten years: 12.8%
10/16
Scheme name: Parag Parikh Flexi Cap Fund Category: Flexi Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 17.6% Average 5-year SIP return (XIRR) of flexi cap category over the last ten years: 12.8%
11/16
Scheme name: Nippon India Small Cap Fund Category: Small Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 20.5% Average 5-year SIP return (XIRR) of small cap category over the last ten years: 16.4%
12/16
Scheme name: SBI Small Cap Fund Category: Small Cap Average 5-year SIP return (XIRR) of the scheme over the last ten years: 20.1% Average 5-year SIP return (XIRR) of small cap category over the last ten years: 16.4%
13/16
Scheme name: SBI Focused Equity Fund Category: Focused Average 5-year SIP return (XIRR) of the scheme over the last ten years: 14.6% Average 5-year SIP return (XIRR) of focused category over the last ten years: 12.8%
14/16
Scheme name: Sundaram Focused Fund Category: Focused Average 5-year SIP return (XIRR) of the scheme over the last ten years: 13.6% Average 5-year SIP return (XIRR) of focused category over the last ten years: 12.8%
15/16
Scheme name: Canara Rob Equity Tax Saver Fund Category: ELSS Average 5-year SIP return (XIRR) of the scheme over the last ten years: 14.8% Average 5-year SIP return (XIRR) of ELSS category over the last ten years: 12.5%
16/16
Scheme name: Kotak Tax Saver Fund Category: ELSS Average 5-year SIP return (XIRR) of the scheme over the last ten years: 14% Average 5-year SIP return (XIRR) of ELSS category over the last ten years: 12.5%
