SIPs in MC30 top mutual funds deliver consistent returns

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.

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%

Also see: First-time equity investor? Limit your risks with large-cap funds from MC30

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%

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%

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%

Also see: Worried about market volatility? Check out these MC30 schemes that provide stability and high growth

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%

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%

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%

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%

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%

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%

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%

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%

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%

See here: The sparkling list of MC30