# Seven equity mutual funds multiplied investor money 10-23 times in 20 years 2026-08-26T14:17:25+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Seven equity mutual funds have multiplied investors' money by more than 10 times over the past 20 years, with the top performer delivering a 23.3-fold return. Nippon India Growth Mid Cap Fund led the list with a compounded annual growth rate (CAGR) of 17.1 per cent, followed by HDFC Flexi Cap Fund at 17.8 times and a CAGR of 15.5 per cent. Franklin Templeton had two funds on the list: Franklin India Mid Cap Fund (17.6 times, CAGR 15.4%) and Franklin India Flexi Cap Fund (15.7 times, CAGR 14.7%). Aditya Birla Sun Life contributed two funds, Flexi Cap (14.8 times, CAGR 14.4%) and Large Cap (13.7 times, CAGR 14%). HDFC Large Cap Fund rounded out the list with a 13.1-fold return and a 14 per cent CAGR. All seven funds also delivered over 10-fold returns in 15 years and over five-fold in 10 years. The data is based on an ET report cited by Business Today. Investors should consult financial advisors before making any decisions, as mutual fund investments are subject to market risks. ## Indian Opinion Analysis The 20-year horizon masks wide divergence: a Rs 1 lakh lump sum in the top fund grew to Rs 23.3 lakh, but in the worst-performing large-cap fund of the same period it would have been far less. SEBI's re-categorisation rules from 2017 forced funds to stick to defined mandates, which has made long-run comparison cleaner but also narrowed the mid-cap pool. Retail investors often exit during bear phases, missing exactly the compounding shown here. The next data point to watch is how these funds have performed through the 2022-24 rate cycle, because the 20-year CAGR of 14-17% includes a long secular bull run that may not repeat at the same pace. ## Coverage - bazaar.businesstoday.in Leads with mutual fund performance data and ranks funds without critical commentary on risk or regulation This brief was synthesised by AI from the source linked above. Tags: Aditya Birla Sun Life Mutual Fund, Franklin Templeton, HDFC Mutual Fund, Nippon India Mutual Fund, SEBI Canonical: https://indianopinion.org/seven-equity-mutual-funds-multiplied-investor-money-10-23-times-in-20-years/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/seven-equity-mutual-funds-multiplied-investor-money-10-23-times-in-20-years/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/