Top 10 Mutual Funds that can Make you a Crorepati by 2040

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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.

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.

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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 BenchmarkNifty Midcap 150 TRI
CategoryMid-Cap
5-year Fund vs. Benchmark Return17.82% vs. 16.79%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)35.42%
NAV (as of 28-08-2023)₹ 67.3855
Most Significant InvestmentZomato 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 BenchmarkS&P BSE India Infrastructure TRI
CategorySectoral/Thematic
5-year Fund vs. Benchmark Return20.06% vs. 14.37%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)31.54%
NAV (as of 28-08-2023)₹ 47.67
Most Significant InvestmentLarsen & 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 BenchmarkNifty Smallcap 250 TRI
CategorySmall-Cap
5-year Fund vs. Benchmark Return22.98% vs. 15.07%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)42.22%
NAV (as of 28-08-2023)₹ 131.7301
Most Significant InvestmentTube 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 BenchmarkNifty Midcap 150 TRI
CategoryMid-Cap
5-year Fund vs. Benchmark Return17.72% vs. 16.79%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)32.57%
NAV (as of 28-08-2023)₹ 139.455
Most Significant InvestmentIndian 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 BenchmarkNifty 500 TRI
CategoryELSS
2-year Fund vs. Benchmark Return15.59% vs. 10.71%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)24.32%
NAV (as of 28-08-2023)₹ 23.4365
Most Significant InvestmentHDFC 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 BenchmarkNifty Smallcap 250 TRI
CategorySmall-Cap
5-year Fund vs. Benchmark Return29.42% vs. 15.07%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)48.46%
NAV (as of 28-08-2023)₹ 191.0341
Most Significant InvestmentReliance 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 BenchmarkNifty LargeMidcap 250 TRI
CategoryLarge & Mid Cap Fund
5-year Fund vs. Benchmark Return16.2% vs. 14.07%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)29.06%
NAV (as of 28-08-2023)₹ 246.451
Most Significant InvestmentHDFC 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 BenchmarkNIFTY 500 Multicap 50:25:25 Total Return Index
CategoryMulti Cap Fund
5-year Fund vs. Benchmark Return17.3% vs. 13.76%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)34.91%
NAV (as of 28-08-2023)₹ 223.7759
Most Significant InvestmentHDFC 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 BenchmarkS&P BSE India Manufacturing Total Return Index (TRI) – 50% & S&P BSE India Infrastructure
CategoryELSS
5-year Fund vs. Benchmark Return14.88% vs. 12.6%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)25.47%
NAV (as of 28-08-2023)₹ 303.2597
Most Significant InvestmentICICI 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 BenchmarkS&P BSE 500 TRI
CategorySectoral/Thematic
5-year Fund vs. Benchmark Return14.68% vs. 14.22%
Risk MeterVery High
Crisil Ranking5-Star
3-year Compounded Growth (%)31.26%
NAV (as of 28-08-2023)₹ 41.8
Most Significant InvestmentLarsen & Toubro Ltd.
Fund Size (as of 28-08-2023)₹ 119.26 Cr

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