30 Years of SIPs: How Mutual Funds Transformed Long-Term Investments into Wealth

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Mutual funds have long been a cornerstone of investment strategies for those seeking to participate in equity markets, and their efficacy is evident in the success stories of well-managed schemes over the past three decades. Among the most effective tools for building wealth through mutual funds is the Systematic Investment Plan (SIP), which has proven its value by helping investors harness the power of compounding and market volatility.

Introduced in India by Franklin Templeton Mutual Fund (formerly Kothari Pioneer) in 1993, SIPs have become a popular choice for investors due to their ability to foster financial discipline and benefit from rupee-cost averaging. The Indian mutual fund industry, currently valued at Rs 65 lakh crore, has seen several equity-oriented schemes thrive through SIPs over the last 30 years.

Here is a snapshot of some standout funds that have delivered exceptional returns for long-term SIP investors:

  1. Franklin India Prima Fund
  • Formerly Known As: Kothari Pioneer Prima
  • Inception Date: December 1, 1993
  • Category: Mid-Cap Fund
  • Latest Corpus: Rs 12,529 crore
  • 30-Year SIP Return (XIRR): 21.4%
  1. Franklin India Flexi Cap Fund
  • Formerly Known As: Franklin India Equity, Franklin India Prima Plus, Kothari Pioneer Prima Plus
  • Inception Date: September 29, 1994
  • Category: Flexi Cap Fund
  • Latest Corpus: Rs 17,417 crore
  • 30-Year SIP Return (XIRR): 20.5%
  1. SBI Long-Term Equity Fund
  • Formerly Known As: SBI Magnum Taxgain, Magnum Taxgain Scheme 1993
  • Inception Date: March 31, 1993
  • Category: ELSS
  • Latest Corpus: Rs 27,527 crore
  • 30-Year SIP Return (XIRR): 19.3%
  1. Franklin India Bluechip Fund
  • Formerly Known As: Kothari Pioneer Bluechip
  • Inception Date: December 1, 1993
  • Category: Large-Cap Fund
  • Latest Corpus: Rs 8,257 crore
  • 30-Year SIP Return (XIRR): 18.6%
  1. ICICI Prudential Multicap Fund
  • Formerly Known As: ICICI Prudential Top 200, Prudential ICICI Power
  • Inception Date: October 1, 1994
  • Category: Multi-Cap Fund
  • Latest Corpus: Rs 13,921 crore
  • 30-Year SIP Return (XIRR): 18.1%
  1. HDFC Capital Builder Value Fund
  • Formerly Known As: HDFC Capital Builder, Zurich India Capital Builder
  • Inception Date: February 1, 1994
  • Category: Value Fund
  • Latest Corpus: Rs 7,608 crore
  • 30-Year SIP Return (XIRR): 18%
  1. SBI Large & Midcap Fund
  • Formerly Known As: SBI Magnum Multiplier Plus
  • Inception Date: February 28, 1993
  • Category: Large & Mid Cap
  • Latest Corpus: Rs 27,382 crore
  • 30-Year SIP Return (XIRR): 17.4%
  1. Canara Robeco ELSS Tax Saver
  • Formerly Known As: Can Equity Taxsaver
  • Inception Date: March 31, 1993
  • Category: ELSS
  • Latest Corpus: Rs 8,876 crore
  • 30-Year SIP Return (XIRR): 16.2%
  1. SBI ESG Exclusionary Strategy Fund
  • Formerly Known As: Magnum Multiplier Scheme ’90, Magnum Equity
  • Inception Date: January 1, 1991
  • Category: ESG Theme
  • Latest Corpus: Rs 6,046 crore
  • 30-Year SIP Return (XIRR): 15.7%
  1. HDFC Large- and Mid-Cap Fund
    • Formerly Known As: Morgan Stanley Growth Fund, HDFC Large-Cap Fund
    • Inception Date: February 18, 1994
    • Category: Large & Mid Cap
    • Latest Corpus: Rs 23,047 crore
    • 30-Year SIP Return (XIRR): 15.2%
  2. UTI Flexi Cap Fund
    • Formerly Known As: UTI Mastergain ’91, UTI Equity
    • Inception Date: May 18, 1992
    • Category: Flexi Cap Fund
    • Latest Corpus: Rs 26,396 crore
    • 30-Year SIP Return (XIRR): 15%
  3. UTI Large Cap Fund
    • Formerly Known As: UTI Mastershare
    • Inception Date: October 15, 1986
    • Category: Large-Cap Fund
    • Latest Corpus: Rs 13,595 crore
    • 30-Year SIP Return (XIRR): 13.5%

These funds illustrate the profound impact that disciplined, long-term investments through SIPs can have. They not only reflect the resilience of the equity market but also underscore the benefits of strategic, sustained investing. For investors, these results are a testament to the enduring value of patience and consistency in wealth-building through mutual funds.

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