Around 12 equity mutual funds turned a Rs 10,000 monthly SIP into over Rs 10 crore since their inception, an analysis by ETMutualFunds revealed. There were around 312 equity mutual funds, excluding sectoral and thematic funds.
The analysis further showed that of these 312 equity mutual funds, 100 turned a Rs 10,000 monthly SIP into over Rs 1 crore since their respective inception dates, with the highest value reaching Rs 27 crore as on date.