The BSE Sensex, India’s market indicator, reached 80,000 for the first time on July 3. Since its inception in April 1979, the Price Return Index (PRI) form of the 30-stock index has returned 15.9 percent compounded annually.
The Indian market has historically rewarded long-term investment. Equity mutual funds, too, have rewarded long-term unitholders with significant gains. Here is a list of flexicap mutual funds that generated up to 20% annualized returns on 15-year systematic investment plans (SIPs). The strength of compounding and rupee cost averaging benefits long-term SIP participants. Please keep in mind that past performance is not always indicative of future outcomes. (Data from ACEMF).
Quant Flexi Cap Fund
15-year SIP return (XIRR) of the scheme: 20.2%
JM Flexicap Fund
15-year SIP return (XIRR) of the scheme: 18.9%
HDFC Flexi Cap Fund
15-year SIP return (XIRR) of the scheme: 17.3%
Franklin India Flexi Cap Fund
15-year SIP return (XIRR) of the scheme: 17.1%
