23 mutual fund schemes tripled investors’ money in five years
23 mutual fund schemes tripled investors’ money in five years Every mutual fund investor wants to multiply wealth. That too, in the shortest period. Is it possible? Can equity mutual fund schemes help them multiply wealth in a period of, say, five years? Here is the scoop. In fact, 23 equity mutual fund schemes tripled investors wealth in a period of five years. Our research focused on diversified equity funds, including large-cap, mid-cap, and multi-cap schemes. We did not include smallcap schemes as they typically manage the feat easily. We also excluded ELSS schemes and sectoral schemes because they cater to different needs. We looked at open-ended schemes, their regular plan with the growth option. Next, we took out the schemes’ five-year absolute returns starting from May 2013. Avoiding these seven things once a month will cause you to a crorepati We found 17 out of 25 midcap schemes managed to triple the invested sum in the five-year period....