These 28 equity mutual fund schemes returned three times in five years

Around 28 equity mutual fund schemes have tripled investors' wealth in the last five years, a study by ET.com Mutual Fund showed. In other words, Rs 1 lakh invested in UTI Mid Cap Fund (an average performer in the list of 28 schemes) five years ago, would have grown to Rs 3.44 lakh today.

Apart from these 28 equity mutual fund schemes, five schemes have quadrupled investors’ wealth in the same time period. In short, multibaggers are not confined to the stock market anymore. Even the humble mutual funds can multiply investors wealth multiple times over the medium and long term.

Our research universe consisted of most equity scheme categories, including largecap, large and midcap, midcap, multicap, smallcap, value funds, focused funds and tax-saving or ELSS schemes. We chose the five-year horizon for the study, as most mutual fund advisors ask investors to invest in equity schemes with a minimum investment horizon of five years.

Around 15 out of 20 midcap schemes which have completed five years made it to the list of three-baggers. Eight out of 10 smallcap schemes also found their place in the list. Out of the eight schemes, three schemes - Reliance Small Cap Fund, SBI Small Cap Fund and DSP BR Small Cap Fund - performed exceptionally well. In fact, they multiplied investors’ wealth four times in the five-year time period.

Three large and midcap schemes also made it to the list. Out of which two schemes, Canara Robeco Emerging Equities Fund and Mirae Asset Emerging Bluechip, multiplied wealth fourfold.

Apart from these, three value schemes, and one scheme each in largecap, multicap, focused and tax-saving or ELSS category managed to multiply wealth four times in the last five years.