Updated Jan 20, 2021 | 06:03 IST
Here are few equity funds that have doubled investor s wealth in less than four years even in the SIP mode. Representational image
New Delhi: Equity mutual funds are well-known for their wealth-multiplying quality. If invested for a longer time frame mutual funds can multiple investors wealth faster. Even investors who invested through the Systematic Investment Plan (SIP) route have enjoyed superior returns by investing in equity mutual funds. Here are few equity funds that have doubled investor s wealth in less than four years even in the SIP mode.
SBI Small Cap Fund- As on January 15, 2021, 10-year XIRR of this fund was 22.92%. XIRR stands for Extended Internal Rate of Return and it is used to calculate returns on investments where there are multiple transactions happening at different point of time. If you had started an SIP in this fund on January 18, 2011 for monthly investment of Rs 1,000 then the value of the Rs