Earning, saving and spending is the cycle of life that we live by every month, if not every day.

I am sure, by now you know the importance of saving.

Perhaps, you’ve even realized the significance of investing.

If not, here’s a quick primer – when you save, your money sits idle. When you invest, your money multiplies.

Mutual funds have become an incredibly popular option for a wide variety of investors these days.

How mutual funds can secure your financial future?

You need to make strategic long-term investments across diverse assets for financial independence.

These investments need to balance your risk appetite, duration of investment and areas of investment.

Mutual funds are the only investment instruments which give you a lot of schemes to choose as per your investment goals and risk appetite.

When you buy a mutual fund, your money is combined with the money from other investors, and allows you to buy part of a pool of investments.

10 Mutual Funds That Tripled Wealth in 5 Years

Returns have always been the basic benchmark for investors while picking an investment. These indicate how much the fund has lost or gained during a particular investment duration.

Here’s a list of 10 Mutual Funds that would can triple your money in just 5 years

1.Reliance Small Cap Fund

This is a small cap equity oriented mutual fund launched on January 1, 2013. It is a fund with high risk and has given a return of 28.87% since its launch.

This fund has given stellar 39.3% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹52,45,121 currently.

 

Duration Returns
1 year  13.1%
3 years  24.1%
5 years  39.3%

Key details

  • This fund has been rated as a 4-star fund by Groww.
  • AUM of close to ₹6,696 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE Small Cap since its launch.
  • The top 5 portfolio holdings of the fund include Zydus Wellness Ltd., V I P Industries Ltd., Cyient Ltd., Deepak Nitrite Ltd., and Navin Fluorine International Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to Consumer Goods (20.9%) followed by Industrial Manufacturing (16.5%)
  • You can invest in this fund with a minimum SIP of ₹ 100
  • Equity share = 91.1% , Debt share = 1.0% and Cash = 7.9%
  • Large Cap share = 4.6% , mid-cap share = 47.9% and small-cap share = 35.6%

This fund has exponential growth potential and has given high returns on investment and is best suited for investors with high-risk appetite or for seasoned investors.

2.HDFC Small Cap Fund – Direct – Growth

This is a small cap equity oriented mutual fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 21.41% since its launch.

This fund has given a 26.1% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, , your money would value to ₹31,88,419 currently.

Duration Returns
1 year  23.4%
3 years  25.0%
5 years  26.1%

Key details

  • This fund 5 star rated fund by Groww.
  • AUM is close to ₹4,143 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Smallcap 100 TRI since its launch.
  • The top 5 portfolio holdings of the fund include NIIT Technologies Ltd., Aurobindo Pharma Ltd., First Source Solutions Ltd., Sharda Cropchem Ltd., and SKF India Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to Industrial Manufacturing (18.5%) followed by IT (13.6%)
  • You can invest in this fund with a minimum a SIP of ₹ 500
  • Equity share = 83.8% , Debt share = 0% and Cash = 16.2%
  • Large Cap share = 3.4% , mid-cap share = 51.2% and small-cap share = 26.7%

3.Invesco India Multi-Cap Fund – Direct – Growth

This is multi-cap equity oriented mutual fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 21.70% since its launch.

This fund has given a brilliant 28.4% YoY return in the last 5 years. So, if you would have invested ₹10,00,000 in this fund 5 years back, , your money would value to ₹34,89,998, currently

Duration Returns
1 year  9.3%
3 years 15.9%
5 years  28.4%

Key details

  • This fund has been rated as a 4-star fund by Groww.
  • AUM of close to ₹524 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE AllCap TRI since its launch.
  • The top 5 portfolio holdings of the fund include HDFC Bank Ltd., IndusInd Bank Ltd., MRF Ltd., Schaeffler India Ltd., and United Breweries Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to automobile (16.7%) and consumer goods (16.7%)
  • You can invest in this fund with a minimum SIP of ₹ 1,000
  • Equity share = 97.3% , debt share = 0% and cash = 2.7%
  • Large Cap share = 40.2% , Mid Cap share = 48.8% and Small Cap share = 8.3%

This funds have exponential growth potential and invest in stocks across different market caps.

4.Mirae Asset Emerging Bluechip Fund – Direct – Growth

This is a large and mid-cap equity oriented mutual fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 26.62% since its launch.

This fund has given an exceptional 34.2% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹43,52,738, currently

Duration Returns
1 year  7.3%
3 years  21.2%
5 years  34.2%

Key details

  • This fund has been rated as a 4-star fund by Groww.
  • AUM of close to ₹5,351 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Large Midcap 250 TRI since its launch.
  • The top 5 portfolio holdings of the fund include HDFC Bank Ltd., Kotak Mahindra Bank Ltd., ICICI Ltd., Reliance Industries Ltd. and Havells India Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to financial services (30.4%) and consumer goods (13.8%)
  • You can invest in this fund with minimum a SIP of ₹ 1,000
  • Equity share = 97.9% , debt share = 0.1% and cash = 2%
  • Large Cap share = 47.3% , mid cap share = 46.7% and small cap share = 3.0%

This fund lives up to the ‘blue-chip’ tag in its name by scouting for quality names in the mid-cap space.

It has outpaced both its benchmark and peers every year since its launch in 2013.

5.Principal Emerging Bluechip Fund – Direct – Growth

This is a large and mid- cap equity oriented mutual fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 26.62% since its launch.

This fund has given an excellent 31.1% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, , your money would value ₹38,72,696 currently

Duration Returns
1 year  7.7%
3 years  19.9%
5 years  31.1%

Key details

  • This fund has been rated as a 4 star fund by Groww.
  • AUM of close to ₹1,625 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Large Midcap 250 TRI since its launch.
  • The top 5 portfolio holdings of the fund include Britannia Industries Ltd., Eicher Motors Ltd., AIA Engineering Ltd., Bajaj Finance Ltd. and Exide Industries Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to financial services (20.5%) and consumer goods (13.4%)
  • You can invest in this fund with minimum a SIP of ₹ 500
  • Equity share = 97.1% , debt share = 0.4% and cash = 2.4%
  • Large Cap share = 43.0% , mid cap share = 47.5% and small cap share = 6.5%

The fund typically parks around 40% each in large-caps and mid-caps, with a residual small-cap allocation.

6.L&T Midcap Fund – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with high risk and has given a return of 23.93% since its launch.

This fund has given a stellar 31.4% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, , your money would value ₹39,17,210 currently.

Duration Returns
1 year  3.1%
3 years  18.9%
5 years  31.4%

Key details of this fund:

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹2,808 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Midcap 250 TRI since its launch.
  • The top 5 portfolio holdings of the fund include Bharat Financial Inclusion Ltd., Emami Ltd., Berger Paints Ltd., The Ramco Cements Ltd. and City Union Bank Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to financial services (20.7%) followed by industrial manufacturing (12.9%)
  • You can invest in this fund with minimum a SIP of ₹ 500
  • Equity share = 92.6% , debt share = 0% and cash = 7.4%
  • Large Cap share = 8% , mid cap share = 78.3% and small cap share = 4.9%

7.Kotak Emerging Equity Scheme – Direct – Growth

This is a mid cap equity oriented mutual fund launched on January 1, 2013. It is a fund with high risk and has given a return of 20.76% since its launch.

This fund has given a 31.6% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹39,47,112 currently.

Duration Returns
1 year  4.5%
3 years  17.0%
5 years  31.6%

Key details

  • This fund has been rated as a 4 star fund by Groww.
  • AUM of close to ₹3,163 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Midcap 100 TRI since its launch.
  • The top 5 portfolio holdings of the fund include Bharat Financial Inclusion Ltd., Schaeffler India Ltd., RBL Bank Ltd., Atul Ltd. and The Ramco Cements Ltd..
  • The holdings are balanced across various sectors with maximum weightage given to financial Services (24.5%) followed by consumer goods (14.9%)
  • You can invest in this fund with a minimum SIP of ₹ 1,000
  • Equity share = 98.4% , Debt share = 0.4% and Cash = 1.2%
  • Large Cap share = 12.5% , mid cap share = 78.8% and small cap share = 6.7%

This fund is for investors with high risk appetite. Best way to deal with risk is to invest through SIP mode for longer duration.

8.HDFC Mid-Cap Opportunities Fund – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 22.31% since its launch.

This fund has an amazing 28.7% YoY return in last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹35,30,959 currently.

Duration Returns
1 year  6%
3 years  16.6%
5 years  28.7%

Key details

  • This fund has been rated as a 3 star fund by Groww.
  • AUM of close to ₹19,990 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Midcap 100 TRI since its launch.
  • The top 5 portfolio holdings of the fund include Bharat Financial Inclusion Ltd., Schaeffler India Ltd., RBL Bank Ltd., Atul Ltd. and The Ramco Cements Ltd..
  • The holdings are balanced across various sectors with maximum weight-age given to Financial Services (25.1%) followed by Automobile (16.1%)
  • You can invest in this fund with a minimum SIP of ₹ 500
  • Equity share = 96% , debt share = 0% and cash = 4%
  • Large Cap share = 6.6% , mid cap share = 85.6% and small cap share = 3.8%

While many mid-cap funds have struggled to beat their benchmark in the last one year, this fund has held up better.

9.Axis Long Term Equity Fund – Direct – Growth

This is a ELSS Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 22.31% since its launch.

This fund has given 25.9% YoY return in the last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹31,63,214, currently

Duration Returns
1 year  13.3%
3 years  14.9%
5 years  25.9%

Key details

  • This fund has been rated as a 4 star fund by Groww.
  • AUM of close to ₹17,299 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE 200 TRI since its launch.
  • The top 5 portfolio holdings of the fund include HDFC Bank Ltd., Tata Consultancy Services Ltd., Kotak Mahindra Bank Ltd., Housing Development Finance Corporation Ltd. and Pidilite Industries Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to financial services (42.3%) followed by automobile (15%)
  • You can invest in this fund with a minimum of SIP = ₹ 500
  • Equity share = 96% , debt share = 0% and cash = 4%
  • Large Cap share = 70.4% , mid cap share = 25.8% and small cap share = 0.1%

This is one of the best tax saving fund available in market right now. A good multi-cap option if you like to own quality businesses.

10.ICICI Prudential Midcap Fund – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 20.87% since its launch.

This fund has given a brilliant 29.3% YoY return in last 5 years.

So, if you would have invested ₹10,00,000 in this fund 5 years back, your money would value ₹36,14,037 currently

Duration Returns
1 year  2.3%
3 years  12.8%
5 years  29.3%

Key details of this fund:

  • This fund has been rated as a 4 star fund by Groww.
  • AUM of close to ₹1,519 Cr.
  • Age is nearly 5 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark NIFTY Midcap 150 TRI since its launch.
  • The top 5 portfolio holdings of the fund include Indian Hotels Co. Ltd., Exide Industries Ltd., Tata Chemicals Ltd., Thomas Cook Ltd. and P I Industries Ltd.
  • The holdings are balanced across various sectors with maximum weight-age given to Financial Services (16.7%) followed by Services (12.4%)
  • You can invest in this fund with a minimum SIP of ₹ 500
  • Equity share = 90.8% , debt share = 0% and cash = 9.2%
  • Large Cap share = 12.2% , mid cap share = 68.6% and small cap share = 10.4%

This scheme aims to generate long-term capital appreciation by investing in diversified mid-cap stocks portfolio.

This is why you must invest in mutual funds

After going through the list mentioned above, you must be amazed by the stellar returns given by these mutual fund schemes in the past 5 years.

Mutual funds allow you to pool your money with other investors and leave the specific investment decisions to a portfolio manager.

Portfolio managers decide where to invest the money in the fund, and when to buy and sell investments.

Not only this, mutual funds can be used to meet a variety of financial goals. For example:

1.A young investor with a stable income and many years to invest may feel comfortable taking more risk to achieve greater returns.

They may invest in an equity fund.

2.A mid-career investor trying to balance risk and return more moderately could invest in a balanced mutual fund that buy a mix of stocks and bonds.

3.An investor approaching retirement might be less comfortable with risk and more interested in fixed income investments.

They may invest in a bond fund.

Conclusion

Mutual fund is one the best investment instruments.

While everybody dreams of owning a multibagger scheme, you should not choose only multibaggers of previous years.

Remember, there is no guarantee that these schemes would continue to perform in the same manner in the coming years.

Also, these schemes need not be in line with your risk profile.

It is always recommended to get a tailored portfolio consisting schemes which are in line with your risk tolerance level and time in hand to accomplish your goals.

Happy Investing!

Disclaimer: The views expressed in the this post are that of the author and not those of Groww