Around 21 equity mutual funds (MFs) delivered over 20% XIRR on SIP investments over the past year, an analysis by ETMutualFunds showed. During the period, 291 equity mutual funds were analysed, of which 241 generated positive returns and 99 delivered double-digit XIRR on SIP investments.
Small-cap funds dominated the rankings, with the top seven funds all belonging to the category. Of these, five generated over 30% XIRR on SIP investments. Bank of India Small Cap Fund topped the list with an XIRR of 39.08%. A monthly SIP of Rs 10,000 in the fund would have grown to around Rs 1.43 lakh over the one-year period.