Around 11 equity mutual funds have multiplied investors’ lumpsum investment by four times in the last seven years, an analysis by ETMutualFunds showed. There were a total of 185 funds in the said time period.
These 11 funds were from four different categories - smallcap, midcap, flexicap and ELSS funds. Among these 11 funds, six were smallcap funds, three were midcaps, and one flexicap and ELSS fund. Four funds were from Quant Mutual Fund, two funds each from Invesco India Mutual Fund and Edelweiss Mutual Fund, one fund each from Bank of India Mutual Fund, Nippon India Mutual Fund and Union Mutual Fund.
