Top 10 Mutual Funds that can Make you a Crorepati by 2040
In the ever-evolving world of financial planning, one of the most coveted goals is achieving the status of a “crorepati” – someone who has a net worth of at least one crore rupees. For those with aspirations of attaining this milestone by 2040, mutual funds emerge as an instrumental vehicle for wealth creation.
In this article, we will explore the top 10 mutual funds that have the potential to pave the path to crorepati status within the next two decades.
Table of Contents
Motilal Oswal Midcap Fund – Direct Plan-Growth
Fund Description: The fund invests 97.31% in the Indian equities market. Out of this, 97.31%, 0.97% is invested in large-cap, 22.75% in mid-cap, and 44.27% in small-cap stocks.
Suitable For: Investors who are willing to take on higher risk and looking to invest their funds for at least 4-5 years to gain higher returns.
| Fund Benchmark | Nifty Midcap 150 TRI |
| Category | Mid-Cap |
| 5-year Fund vs. Benchmark Return | 17.82% vs. 16.79% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 35.42% |
| NAV (as of 28-08-2023) | ₹ 67.3855 |
| Most Significant Investment | Zomato Ltd |
| Fund Size (as of 28-08-2023) | ₹ 5236.88 Cr |
Invesco India Infrastructure Fund – Direct Plan-Growth
Fund Description: The fund invests 97.92% in the Indian equities market. Out of this 97.92%, 32.31% is invested in large-cap, 25.69% in mid-cap, and 30.69% in small-cap stocks.
Suitable For: Investors with good knowledge of macro trends and investors willing to take risks for higher returns in comparison to general equity funds.
| Fund Benchmark | S&P BSE India Infrastructure TRI |
| Category | Sectoral/Thematic |
| 5-year Fund vs. Benchmark Return | 20.06% vs. 14.37% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 31.54% |
| NAV (as of 28-08-2023) | ₹ 47.67 |
| Most Significant Investment | Larsen & Toubro Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 585.38 Cr |
Nippon India Small Cap Fund – Direct Plan-Growth
Fund Description: The fund invests 97.18% in the Indian equities market. Out of this 97.18%, 7.5% is invested in large-cap, 8.14% in mid-cap, and 58.56% in small-cap stocks.
Suitable For: Investors who are willing to take on higher risk and looking to invest their funds for at least 4-5 years to gain higher returns.
| Fund Benchmark | Nifty Smallcap 250 TRI |
| Category | Small-Cap |
| 5-year Fund vs. Benchmark Return | 22.98% vs. 15.07% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 42.22% |
| NAV (as of 28-08-2023) | ₹ 131.7301 |
| Most Significant Investment | Tube Investments Of India Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 34468.92 Cr |
HDFC Mid-Cap Opportunities Fund – Direct Plan-Growth
Fund Description: The fund invests 92.38% in the Indian equities market. Out of this, 92.38%, 4.07% is invested in large-cap, 56.12% in mid-cap, and 17.7% in small-cap stocks.
Suitable For: Investors who are willing to take on higher risk and looking to invest their funds for at least 3-4 years to gain higher returns.
| Fund Benchmark | Nifty Midcap 150 TRI |
| Category | Mid-Cap |
| 5-year Fund vs. Benchmark Return | 17.72% vs. 16.79% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 32.57% |
| NAV (as of 28-08-2023) | ₹ 139.455 |
| Most Significant Investment | Indian Hotels Company Limited |
| Fund Size (as of 28-08-2023) | ₹ 45449.36 Cr |
Parag Parikh Tax Saver Fund – Direct Plan-Growth
Fund Description: The fund invests 81.94% in the Indian equities market. Out of this, 81.94%, 56.85% is invested in large-cap, 3.44% in mid-cap, and 9.42% in small-cap stocks. The fund also has 5.13% of investment in low-risk debt.
Suitable For: Investors who are willing to invest for a minimum period of 3 years and also receive additional tax benefits from income tax savings. The fund has a lock-in period of 3 years.
| Fund Benchmark | Nifty 500 TRI |
| Category | ELSS |
| 2-year Fund vs. Benchmark Return | 15.59% vs. 10.71% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 24.32% |
| NAV (as of 28-08-2023) | ₹ 23.4365 |
| Most Significant Investment | HDFC Bank Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 1849.01 Cr |
Quant Small Cap Fund – Direct Plan-Growth
Fund Description: The fund invests 88.82% in the Indian equities market. Out of this, 88.82%, 12.03% is invested in large-cap, 5.05% in mid-cap, and 48.41% in small-cap stocks. The fund also has 5.12% of investment in Government debt securities.
Suitable For Investors who are willing to take on higher risk and looking to invest their funds for at least 3-4 years to gain very high returns.
| Fund Benchmark | Nifty Smallcap 250 TRI |
| Category | Small-Cap |
| 5-year Fund vs. Benchmark Return | 29.42% vs. 15.07% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 48.46% |
| NAV (as of 28-08-2023) | ₹ 191.0341 |
| Most Significant Investment | Reliance Industries Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 6779.64 Cr |
HDFC Large and Mid-Cap Fund – Direct Plan-Growth
Fund Description: The fund invests 96.17% in the Indian equities market. Out of this, 96.17%, 35.87% is invested in large-cap, 32.74% in mid-cap, and 8.54% in small-cap stocks.
Suitable For: Investors who are willing to take on higher risk and looking to invest their funds for at least 3-4 years to gain high returns.
| Fund Benchmark | Nifty LargeMidcap 250 TRI |
| Category | Large & Mid Cap Fund |
| 5-year Fund vs. Benchmark Return | 16.2% vs. 14.07% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 29.06% |
| NAV (as of 28-08-2023) | ₹ 246.451 |
| Most Significant Investment | HDFC Bank Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 10679.64 Cr |
Nippon India Multicap Fund – Direct Plan-Growth
Fund Description: The fund invests 99.23% in the Indian equities market. Out of this, 99.23%, 34.08% is invested in large-cap, 21.39% in mid-cap, and 27.17% in small-cap stocks.
Suitable For: Investors who are willing to take on higher risk and looking to invest their funds for at least 3-4 years to gain high returns and exposure to several categories of stocks.
| Fund Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Category | Multi Cap Fund |
| 5-year Fund vs. Benchmark Return | 17.3% vs. 13.76% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 34.91% |
| NAV (as of 28-08-2023) | ₹ 223.7759 |
| Most Significant Investment | HDFC Bank Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 10679.64 Cr |
SBI Long Term Equity Fund – Direct Plan-Growth
Fund Description: The fund invests 96.15% in the Indian equities market. Out of this, 96.15%, 59.29% is invested in large-cap, 15.11% in mid-cap, and 10.47% in small-cap stocks.
Suitable For: Investors who are willing to invest for a minimum period of 3 years and also receive additional tax benefits from income tax savings. The fund has a lock-in period of 3 years.
| Fund Benchmark | S&P BSE India Manufacturing Total Return Index (TRI) – 50% & S&P BSE India Infrastructure |
| Category | ELSS |
| 5-year Fund vs. Benchmark Return | 14.88% vs. 12.6% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 25.47% |
| NAV (as of 28-08-2023) | ₹ 303.2597 |
| Most Significant Investment | ICICI Bank Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 15374.28 Cr |
Bank of India Manufacturing & Infrastructure Fund – Direct Plan-Growth
Fund Description: The fund invests 96.52% in the Indian equities market. Out of this, 96.52%, 34.37% is invested in large-cap, 14.04% in mid-cap, and 40.93% in small-cap stocks.
Suitable For: Investors with good knowledge of macro trends and investors willing to take risks for higher returns in comparison to general equity funds.
| Fund Benchmark | S&P BSE 500 TRI |
| Category | Sectoral/Thematic |
| 5-year Fund vs. Benchmark Return | 14.68% vs. 14.22% |
| Risk Meter | Very High |
| Crisil Ranking | 5-Star |
| 3-year Compounded Growth (%) | 31.26% |
| NAV (as of 28-08-2023) | ₹ 41.8 |
| Most Significant Investment | Larsen & Toubro Ltd. |
| Fund Size (as of 28-08-2023) | ₹ 119.26 Cr |
Disclaimer: The information provided in this post is for general informational purposes only and does not constitute professional advice. Please consult a qualified professional before making any decisions based on this content.
