Mutual Fund Schemes Generating Multibagger SIP returns: The popularity of mutual fund schemes among the common investors of the country is increasing rapidly year after year. According to the latest data of the Association of Mutual Funds in India (AMFI), Rs 94,151 crore was invested in equity mutual funds during the June quarter, which is more than 5 times compared to the same period last year. During April-June 2023, the total investment in equity mutual funds was Rs 18,358 crore. The reason for this tremendous increase in the trend of common investors towards investing in equity funds is the excellent returns received in the last one year. Here we will talk about some such equity funds, which have given such tremendous returns in the last one year that it would not be wrong to call them multibagger schemes.
7 Multibagger Mutual Fund Schemes
For example, there are at least seven equity funds in the country that have given multibagger returns of 84% to 120% to those who invested through Systematic Investment Plan (SIP) in the last one year. Six out of these seven schemes have given more than 90 percent return on investments made through SIP in the last one year.
1. HDFC Defence Fund
Last 1 Year Return (Direct Plan): 111.36%
Last 1 Year Return(Regular Plan): 108.73%
Annualized Return on SIP in 1 Year (Direct Plan): 120.11%
Asset under management (AUM) as on August 1: Rs 3,883.88 crore
2. Bandhan Infrastructure Fund
Last 1 Year Return(Direct Plan): 83.70%
Last 1 Year Return(Regular Plan): 81.51%
Annualized Return on SIP in 1 Year (Direct Plan): 102.27%
Asset under management (AUM) as on August 1: Rs 1,934.06 crore
3.LIC MF Infrastructure Fund
Last 1 Year Return(Direct Plan): 85.75%
Last 1 Year Return(Regular Plan): 83.77%
Annualized Return on SIP in 1 Year (Direct Plan): 101.9%
Asset under management (AUM) as on August 1: Rs 623.63 crore
4. Invesco India PSU Equity Fund
Last 1 Year Return(Direct Plan): 90.18%
Last 1 Year Return(Regular Plan): 87.74%
Annualized Return on SIP in 1 Year (Direct Plan): 99.4%
Asset under management (AUM) as on August 1: Rs 1,662.59 crore
5. ICICI Prudential PSU Equity Fund
Last 1 Year Return(Direct Plan): 87.49%
Last 1 Year Return(Regular Plan): 84.96%
Annualized Return on SIP in 1 Year (Direct Plan): 92.57%
Asset under management (AUM) as on August 1: Rs 2,719.94 crore
6.SBI PSU Fund
Last 1 Year Return(Direct Plan): 89.67%
Last 1 Year Return(Regular Plan): 87.53%
Annualized Return on SIP in 1 Year (Direct Plan): 91.1%
Asset under management (AUM) as on August 1: Rs 4,623.18 crore
Also read: SIP in Mutual Fund: Made 1.40 crores from monthly SIP of 10 thousand, this scheme of SBI Mutual Fund gave 6 times return
7. Aditya Birla Sun Life PSU Equity Fund
Last 1 Year Return(Direct Plan): 89.52%
Last 1 Year Return(Regular Plan): 86.91%
Annualized Return on SIP in 1 Year (Direct Plan): 84.46%
Asset under management (AUM) as on August 1: Rs 5,844.05 crore
Also read: Why did Tata Investment’s stock fall? What is the reason for the turmoil in this stock which has given more than 46% return this year
6 schemes gave more than 90% return on SIP
Of the 7 equity funds whose details are given above, one, HDFC Defence Fund, is a scheme focused on the defence sector, while 4 funds are PSU funds focused on government companies. The remaining two funds are infrastructure funds that invest in companies related to infrastructure.
(Disclaimer: The purpose of this article is only to provide information, not to give investment advice. Market fluctuations have a direct impact on the returns of equity mutual funds. Their past performance cannot be considered a guarantee of giving similar returns in the future. Take any investment decision only after consulting your investment advisor.)
