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Those who invested in these 5 equity schemes lost their luck, money became more than 100 times

Mutual Fund: Equity Mutual Funds are second to none in terms of giving excellent returns to the investors. Today we will tell you about 5 such equity funds that have made investors’ money more than 100 times. These schemes have recorded annual returns of 23.8-27 per cent (till September 30) in the last 20 years. Know about these 5 funds: –

Nippon India Growth Fund

  • It was started by Reliance Mutual Fund in 1995.
  • This fund has given an annual return of 27% over 20 years.
  • This means that in 20 years investors’ money would have increased 119 times.

franklin prima

  • It is a midcap fund and was started in 1993.
  • It has given an impressive 26.1 percent annualized return in 20 years.
  • This fund also managed to make investors’ money more than 100 times.

ICICI Prudential Technology Fund

  • It has been one of the best performing funds in the last two decades.
  • The fund has given 24 per cent annually over 20 years.
  • The investment of Rs 1 lakh in this fund in 2001 would have now become Rs 74.2 lakh.

SBI Magnum Global Fund

  • This fund has given 24 per cent compound annual returns since 2001.
  • It also invests in shares of multinational companies listed in India and some foreign stocks.
  • The value of investment of Rs 1 lakh made 20 years ago would have become Rs 74.2 lakh.

SBI Contra

  • In the last 20 years, this fund has given 23.9 percent annual return.
  • The investment of Rs. lakh during this period would have increased to Rs. 72.2 lakh.
  • This plan follows a contrasting investment strategy.

(Investment advice in any fund is not being given by ABP News here. The information given here is for informational purposes only. Mutual fund investments are subject to market risk, read all scheme documents carefully. NAV can fluctuate depending on the factors and forces influencing the security market including interest rate fluctuations.The past performance of a mutual fund may not necessarily reflect the future performance of the schemes. The Mutual Fund does not guarantee or assure any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are advised to review the prospectus carefully and seek specific legal, tax and scheme You are requested to seek expert professional advice regarding the financial implications of investing/participating in

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