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Mutual Funds returns - The Hindu BusinessLine

Over a dozen midcap MFs deliver alpha returns in 2024 so far; Quant Midcap Fund tops chart at 23%

April saw higher month-on-month inflows for midcap mutual funds. Inflows were lower compared to February and January. SBI PSU Fund added IEX in April.

Small and mid cap mutual funds lead the list of April toppers

Equity mutual fund categories in April had varying performances. Small cap funds led, while mid cap, contra, and multi cap funds also showed good results. Additionally, value funds and tax saving or ELSS funds performed well in the said period.

Crorepati with mutual funds: Rs 20,000 monthly SIP turns to Rs 1 crore in 10 years

The toppers in the list were from Quant Mutual Fund. A monthly SIP of Rs 20,000 in Quant Small Cap Fund would have grown to Rs 1.04 crore in the last 10 years. The scheme gave an XIRR of 27.73% in the same period. Quant ELSS Tax Saver Fund would have turned a monthly SIP of Rs 20,000 into Rs 95.38 lakh with an XIRR of 26.04% in the last 10 years.

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