Investors who started a monthly SIP of Rs 10,000 in some of India’s top equity mutual funds 25 years ago would have turned their investments into crores today, according to an analysis by ETMutualFunds. The study covered 36 equity mutual funds that have completed 25 years in the market, excluding hybrid, sectoral, and thematic schemes, to show the long-term wealth-creation potential of consistent SIP investing.Nippon India Growth Mid Cap Fund (earlier Nippon India Growth Fund) led the list, turning a Rs 10,000 monthly SIP into Rs 8.81 crore over 25 years, with an XIRR of 22.14%. Franklin India Mid Cap Fund (earlier Franklin India Prima Fund) grew the same SIP contribution to Rs 6.52 crore, delivering an XIRR of 20.32%. HDFC Flexi Cap Fund (erstwhile HDFC Equity Fund) converted the monthly investment into Rs 5.91 crore, with an XIRR of 19.72%.
Strong performers from SBI, Franklin, and HDFC funds
Three SBI Mutual Fund schemes also delivered impressive returns. SBI Contra Fund (previously SBI Magnum Contra), SBI ELSS Tax Saver Fund (previously SBI Long Term Equity Fund), and SBI Large & Midcap Fund (previously SBI Magnum Multiplier Fund) turned a Rs 10,000 monthly SIP into between Rs 5.02 crore and Rs 5.81 crore over 25 years.Other top performers included Franklin India Flexi Cap Fund (earlier Franklin India Equity Fund), which grew the SIP to Rs 4.75 crore with an 18.40% XIRR. ELSS funds HDFC ELSS Tax Saver (earlier HDFC TaxSaver) and ICICI Pru ELSS Tax Saver Fund (earlier ICICI Pru LT Equity Fund) delivered Rs 4.70 crore and Rs 4.69 crore respectively. ICICI Pru Large & Mid Cap Fund (earlier ICICI Pru Top 100 Fund) returned Rs 3.93 crore with an XIRR of 17.24%.Funds from Quant Mutual Fund and Sundaram Mutual Fund also performed well. Quant Small Cap Fund (earlier Quant Income Bond) and Quant ELSS Tax Saver Fund (earlier Quant Tax Plan) turned a Rs 10,000 SIP into Rs 3.37 crore and Rs 3.35 crore, with XIRRs of 16.31% and 16.26%. Sundaram ELSS Tax Saver Fund (earlier Sundaram Tax Savings Fund) and Sundaram Multi Cap Fund (earlier Principal Multi Cap Growth Fund) delivered Rs 3.20 crore and Rs 3.09 crore respectively. LIC MF Flexi Cap Fund (earlier LIC MF Multi Cap Fund) was at the lower end, with Rs 1.55 crore and an XIRR of 11.47%.
Fund history and methodology
Among the 36 schemes, 18 funds have completed over 30 years in the market, while the rest have been in existence between 25.04 years and 29.62 years. The SIP performance was calculated from 4 November 2000 to 4 November 2025, considering only regular and growth options.It’s important to note that the exercise by ET is not a recommendation. “The exercise was done to find if an investor who made a SIP of Rs 10,000 25 years ago, what would have been the value of that investment now. One should not make investment or redemption decisions based on the above exercise. One should always make investment decisions based on their risk tolerance, investment horizon, and financial goals,” the report said.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)