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Mutual fund investors have earned impressive returns of up to 960% in the last 10 years of the Modi government. Around 195 equity schemes were analyzed, with top performers including Nippon India Small Cap Fund and SBI Small Cap Fund.
ETMutualFunds analysis reveals two schemes turning Rs 10 lakh into Rs 1 crore under Modi-led government. Nippon India Small Cap Fund and SBI Small Cap Fund deliver impressive CAGRs. Investors should consider risk appetite and goals before making investment decisions.
The highest returns have been delivered by Quant Small Cap Fund while the lowest by UTI Flexi Cap Fund-Reg(G).
These actively-managed large & mid cap schemes are benchmarked against NIFTY LargeMidcap 250 - TRI and S&P BSE 250 LargeMidCap Index - TRI. NIFTY LargeMidcap 250 - TRI and S&P BSE 250 LargeMidCap Index - TRI gave 18.23% and 11.83% respectively in 2023.
There were around 26 schemes in the large & mid cap category during the first half of the year (January to June). All the schemes in the category offered positive returns in the six-month period.