Highest Return in Mutual Fund: The number of people investing in mutual funds is increasing rapidly. If you are looking for such a fund, then consider some of the names listed here.
These mutual funds have given returns of more than 20% in the last five years. One fund has even achieved a return of 30%. According to the Association of Mutual Funds of India (AMFI), these are all flexi-cap funds that invest at least 65% of their funds in equities. In addition, a portion is invested in large-cap, mid-cap and small-cap instruments to protect against a stock market downturn or similar emergencies. AMFI has recommended some flexi-cap funds that have consistently given returns of more than 20% in the last five years.
AMFI data clearly shows that HDFC Flexi Cap Fund has given the highest returns in the last five years. This mutual fund has delighted its investors by giving a strong annual return of 29.52%. People who have invested ₹1 lakh in this fund got a return of ₹264,489 in five years, which makes a total of ₹364,489.
The Quant Flexi Cap Fund stood at the second position in terms of highest returns, giving a strong annual return of around 26.78%. An investor who invested ₹1 lakh in this fund earned ₹227,532 in 5 years.
JM Flexi Cap Fund has also set a record for returns by giving 26.25% annualized returns in the last five years. Investors with ₹1 lakh in this fund have earned a huge profit of ₹2,20,743.
Bank of India Flexi Cap Fund has also given impressive returns in the last five years. Investors in this fund have received 25.56% annual returns. This means that an investor with ₹1 lakh has earned a profit of ₹212,073 so far.
Franklin India Flexi Cap Fund is also not far behind in terms of returns, providing 24.45% annual returns. An investor of ₹1 lakh in this fund has earned a robust profit of ₹1,98,521 so far.
Parag Parikh Flexi Cap Fund has also given an impressive annual return of 22.74% in the last five years. This means that an investor of ₹1 lakh in this fund has earned a profit of ₹1,78,568 so far.
An investor of ₹1 lakh in Edelweiss Flexi Cap Fund five years ago has earned a return of ₹171,158. During this period, the fund has generated a strong return of 22.08% per annum.
HSBC Flexi Cap Fund has also performed well in terms of returns. This fund has generated 21.56% annualized returns. An investor of ₹1 lakh (₹1 lakh) five years ago has earned a strong return of ₹165,432 till now.
