Ten year SIP Return of Most Equity Mfs is now less than 10%

As on 9th April 2020, more than 90% of equity mutual funds now have a 10-year SIP return in single digits (before tax)!

Published: April 10, 2020 at 11:30 am

Last Updated on April 10, 2020 at 11:30 am

This is a category-wise listing of 10-year equity mutual fund SIP returns as on April 9th 2020. Out of 241 funds studied, only 20 managed a double-digit return! The goal behind this listing is to appreciate the risks behind blind faith in the SIP without a portfolio de-risking plan.

Readers may recall even in Jan 2020 well before the start of the crash, we reported that Ten-year NIfty SIP Returns have decreased by almost 50% over the years and 15-year Nifty SIP returns have decreased by 25%. Therefore this listing should be of little surprise.

Naturally, this situation would change (for the better or worse) depending on day to day market movements as noted yesterday: 15-year Nifty SIP returns crash to 8% (51% reduction since 2014).

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!
🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥

For example, there 20/241 funds with double-digit returns as on 9th April. Shift the valuation date to 7th April then it would be  11/241! Shift it to March 23rd – the day of biggest intraday fall when 10-year Nifty SIP Return became 2.3% – then we would have only two funds with double-digit returns.

What is the significance of double-digit (pre-tax) returns? Two words: Risk premium. The risk taken by an investor over the course of a ten-year SIP is tremendous compare the fixed income choices available in India. The compensation for that risk should be adequate – at the very least the lowest double-digit number.

Note:  1: These are not investment recommendations. This listing demonstrates the risk associated with a long-term SIP.

2: Many funds have changed mandate over the last ten year period.  This may have contributed to their low or high returns. We are not sitting in judgement of the funds here.

3:  All funds are regular plan funds since direct plans did not exist 10 years ago. If one had switched to direct sometime in the middle, returns would be a touch better.

List of 20/241 funds with 10% or more returns (as on 9th April 2020)

CategoryScheme Name10Y XIRR(%)
Small cap FundSBI Small Cap Fund-Reg(G)14.99
Large & Mid CapCanara Rob Emerg Equities Fund-Reg(G)13.85
Equity Linked Savings SchemeAxis Long Term Equity Fund-Reg(G)12.69
Pharma & Health CareNippon India Pharma Fund(G)12.28
MNCAditya Birla SL MNC Fund-Reg(G)11.84
Focused FundSBI Focused Equity Fund-Reg(G)11.54
Thematic FundAditya Birla SL India GenNext Fund(G)11.47
Large & Mid CapPrincipal Emerging Bluechip Fund(G)11.46
Thematic FundCanara Rob Consumer Trends Fund-Reg(G)11.06
Mid Cap FundInvesco India Midcap Fund(G)10.83
MNCSBI Magnum Global Fund-Reg10.80
Mid Cap FundDSP Midcap Fund-Reg(G)10.72
Large & Mid CapQuant Large & Mid Cap Fund(G)10.54
MNCUTI MNC Fund-Reg10.53
Pharma & Health CareSBI Healthcare Opp Fund-Reg10.39
Large Cap FundAxis Bluechip Fund-Reg(G)10.29
Mid Cap FundEdelweiss Mid Cap Fund-Reg(G)10.10
Mid Cap FundKotak Emerging Equity Fund(G)10.04
Mid Cap FundL&T Midcap Fund-Reg(G)10.02

It is important to appreciate that only 20/241 funds have managed to provide some kind of risk premium to investors.  This is not of much use as could have never known which of the 241 funds would deliver in 2010 (or anytime before April 2020!)

Blindly doing a SIP in the hope things would become better in the long term essentially means leaving the fate of our financial goals with luck. Investors need to lower return expectations and craft a solid strategy to protect portfolios from market risk. This strategy has to be a lot more intelligent than this standard advisor manta: “invest 60-70% in equity and then reduce exposure in the last three years before you need money”.

Unless we have a de-risking strategy to gradually and continuously eliminate equity allocation from our portfolios, the amount we end up saving for our financial goals would be left to chance!

Ten Year SIP returns are listed below for each category. All returns are as of 9th April 2020.

Aggressive Hybrid Fund

Canara Rob Equity Hybrid Fund-Reg(G)9.65
SBI Equity Hybrid Fund-Reg9.47
ICICI Pru Equity & Debt Fund(G)8.47
DSP Equity & Bond Fund-Reg(G)8.19
Principal Hybrid Equity Fund(G)7.64
Franklin India Equity Hybrid Fund(G)7.00
Quant Absolute Fund(G)6.77
Tata Hybrid Equity Fund-Reg(G)6.47
Edelweiss Aggressive Hybrid Fund-Reg(G)5.75
Sundaram Equity Hybrid Fund(G)5.63
Aditya Birla SL Equity Hybrid ’95 Fund(G)5.60
Kotak Equity Hybrid Fund4.80
LIC MF Equity Hybrid Fund(G)4.67
UTI Hybrid Equity Fund-Reg(G)4.17
Baroda Hybrid Equity Fund(G)4.12
PGIM India Hybrid Equity Fund(G)3.82
HDFC Hybrid Equity Fund(G)3.76
Nippon India Equity Hybrid Fund(G)2.59
JM Equity Hybrid Fund(G)1.98

Equity Linked Savings Scheme

Axis Long Term Equity Fund-Reg(G)12.69
Invesco India Tax Plan(G)9.32
Aditya Birla SL Tax Relief ’968.82
BOI AXA Tax Advantage Fund-Reg(G)8.56
DSP Tax Saver Fund-Reg(G)8.55
BNP Paribas Long Term Equity Fund(G)8.43
Aditya Birla SL Tax Plan8.38
Canara Rob Equity Tax Saver Fund-Reg8.22
Tata India Tax Savings Fund-Reg(DP)7.96
JM Tax Gain Fund(G)7.39
Quant Tax Plan(G)7.23
Principal Tax Savings Fund7.22
Kotak Tax Saver Fund(G)7.01
ICICI Pru LT Equity Fund (Tax Saving)(G)6.90
LIC MF Tax Plan(G)6.49
HSBC Tax Saver Equity Fund(G)6.32
HDFC Long Term Adv Fund(G)6.12
Taurus Tax Shield Fund-Reg(G)6.00
L&T Tax Advt Fund-Reg(G)5.78
IDFC Tax Advt(ELSS) Fund-Reg(G)5.74
Edelweiss Long Term Equity Fund (Tax Savings)-Reg(G)5.64
UTI LT Equity Fund (Tax Saving)-Reg5.44
Franklin India Taxshield(G)5.44
SBI Long Term Equity Fund-Reg4.62
Quantum Tax Saving Fund(G)-Direct Plan4.37
Sundaram Diversified Equity3.80
HDFC TaxSaver(G)3.37
Principal Personal Tax saver Fund3.31
Nippon India Tax Saver (ELSS) Fund(G)3.24
Baroda ELSS 963.23

Index Funds

ICICI Pru Sensex ETF6.29
Kotak Sensex ETF6.09
Kotak Nifty ETF5.56
Nippon India ETF Nifty BeES5.54
Quantum Nifty ETF5.47
Kotak PSU Bank ETF-0.18
IDFC Nifty Fund-Reg(G)5.43
UTI Nifty Index Fund-Reg5.12
HDFC Index Fund-NIFTY 50 Plan(G)5.07
ICICI Pru Nifty Index Fund(G)4.86
Tata Index Fund-Nifty Plan(G)4.67
SBI Nifty Index Fund-Reg(G)4.42
Franklin India Index Fund-NSE Nifty(G)4.40
Aditya Birla SL Index Fund-Reg(G)4.39
LIC MF Index Fund-Nifty Plan(G)4.27
HDFC Index Fund-Sensex(G)5.79
Tata Index Fund-Sensex Plan(G)5.36
LIC MF Index Fund-Sensex Plan(G)4.86
Taurus Ethical Fund-Reg(G)7.40
Principal Nifty 100 Equal Weight Fund(G)2.00

Large & Mid Cap

Canara Rob Emerg Equities Fund-Reg(G)13.85
Principal Emerging Bluechip Fund(G)11.46
Quant Large & Mid Cap Fund(G)10.54
Invesco India Growth Opp Fund(G)8.47
Kotak Equity Opp Fund(G)7.77
DSP Equity Opportunities Fund-Reg(G)7.61
SBI Large & Midcap Fund-Reg7.22
Edelweiss Large & Mid Cap Fund-Reg(G)6.98
Tata Large & Mid Cap Fund(G)6.95
Sundaram Large and Mid Cap Fund(G)6.91
Aditya Birla SL Equity Advantage Fund6.46
L&T Large and Midcap Fund-Reg(G)6.42
ICICI Pru Large & Mid Cap Fund(G)4.67
BOI AXA Large & Mid Cap Equity Fund-Reg(G)4.50
IDFC Core Equity Fund-Reg(G)4.06
Franklin India Equity Advantage Fund(G)3.53
Nippon India Vision Fund(G)2.82
UTI Core Equity Fund-Reg(G)2.71
HDFC Growth Opp Fund-Reg(G)1.72

Large Cap Fund

Axis Bluechip Fund-Reg(G)10.29
Mirae Asset Large Cap Fund-Reg(G)9.56
BNP Paribas Large Cap Fund(G)8.43
SBI BlueChip Fund-Reg(G)7.18
Edelweiss Large Cap Fund(G)7.08
ICICI Pru Bluechip Fund(G)6.82
Invesco India Largecap Fund(G)6.35
LIC MF Large Cap Fund(G)6.33
Aditya Birla SL Frontline Equity Fund(G)6.16
Nippon India Large Cap Fund(G)6.02
JM Large Cap Fund(G)5.94
UTI Mastershare-Reg5.81
Kotak Bluechip Fund5.69
L&T India Large Cap Fund-Reg(G)5.61
PGIM India Large Cap Fund(G)5.53
HSBC Large Cap Equity Fund(G)5.42
IDFC Large Cap Fund-Reg(G)4.92
HDFC Top 100 Fund(G)4.65
Tata Large Cap Fund(G)4.51
DSP Top 100 Equity Fund-Reg(G)4.06
Franklin India Bluechip Fund(G)3.96
Taurus Largecap Equity Fund-Reg(G)2.38

Mid Cap Fund

Invesco India Midcap Fund(G)10.83
DSP Midcap Fund-Reg(G)10.72
Edelweiss Mid Cap Fund-Reg(G)10.10
Kotak Emerging Equity Fund(G)10.04
L&T Midcap Fund-Reg(G)10.02
Tata Mid Cap Growth Fund(G)9.89
Taurus Discovery (Midcap) Fund-Reg(G)9.75
BNP Paribas Mid Cap Fund(G)9.29
Franklin India Prima Fund(G)8.94
UTI Mid Cap Fund-Reg8.79
HDFC Mid-Cap Opportunities Fund(G)8.75
SBI Magnum Midcap Fund-Reg(G)7.31
Sundaram Mid Cap Fund(G)7.13
ICICI Pru Midcap Fund(G)6.45
Nippon India Growth Fund(G)6.33
Aditya Birla SL Midcap Fund(G)4.83

Multi Cap Fund

Invesco India Multicap Fund(G)9.44
Kotak Standard Multicap Fund(G)9.01
Quant Active Fund(G)8.67
SBI Magnum Multicap Fund-Reg(G)8.30
UTI Equity Fund-Reg8.07
Canara Rob Equity Diver Fund-Reg(G)8.07
Aditya Birla SL Equity Fund(G)8.06
JM Multicap Fund(G)7.90
DSP Equity Fund-Reg7.59
Principal Multi Cap Growth Fund(G)7.46
IDFC Multi Cap Fund-Reg(G)7.26
BNP Paribas Multi Cap Fund(G)7.21
ICICI Pru Multicap Fund(G)6.12
Franklin India Equity Fund(G)5.77
HSBC Multi Cap Equity Fund(G)5.73
L&T Equity Fund-Reg(G)5.01
HDFC Equity Fund(G)4.65
Baroda Multi Cap Fund(G)4.30
Nippon India Multi Cap Fund(G)4.19
LIC MF Multi Cap Fund(G)3.84
Taurus Starshare (Multi Cap) Fund-Reg(G)2.24

Small cap Fund

SBI Small Cap Fund-Reg(G)14.99
DSP Small Cap Fund-Reg(G)9.15
Franklin India Smaller Cos Fund(G)7.26
Kotak Small Cap Fund(G)6.68
HDFC Small Cap Fund-Reg(G)4.64
Sundaram Small Cap Fund(G)3.76
Aditya Birla SL Small Cap Fund(G)3.12
HSBC Small Cap Equity Fund(G)2.99
ICICI Pru Smallcap Fund(G)2.94

Focused Funds

SBI Technology Opp Fund-Reg9.72
ICICI Pru Technology Fund(G)9.30
Franklin India Technology Fund(G)8.63
Aditya Birla SL India GenNext Fund(G)11.47
Canara Rob Consumer Trends Fund-Reg(G)11.06
Aditya Birla SL Digital India Fund(G)9.35
Sundaram Rural and Consumption Fund(G)8.24
Tata Ethical Fund-Reg(G)7.30
SBI Magnum Equity ESG Fund-Reg6.30
Invesco India PSU Equity Fund(G)5.00
Franklin India Opportunities Fund(G)4.92
Nippon India Quant Fund(G)4.53
DSP Natural Res & New Energy Fund-Reg(G)4.20
SBI Magnum Comma Fund-Reg(G)3.37
Nippon India Banking Fund(G)3.15
DSP India T.I.G.E.R Fund-Reg(G)1.98
SBI Contra Fund-Reg1.93
Nippon India Power & Infra Fund(G)-1.16

Value Funds

L&T India Value Fund-Reg(G)8.12
Tata Equity P/E Fund(G)8.08
ICICI Pru Value Discovery Fund(G)7.99
JM Value Fund(G)6.35
Nippon India Value Fund(G)5.63
Aditya Birla SL Pure Value Fund(G)5.36
HDFC Capital Builder Value Fund(G)5.20
UTI Value Opp Fund-Reg(G)4.95
Quantum Long Term Equity Value Fund(G)-Direct Plan4.23
IDFC Sterling Value Fund-Reg(G)2.63
Templeton India Value Fund1.40

Contra & Div Yield

UTI Banking and Financial Services Fund-Reg2.04
Invesco India Contra Fund(G)9.60
Kotak India EQ Contra Fund(G)6.51
Principal Dividend Yield Fund(G)7.07
UTI Dividend Yield Fund-Reg(G)4.85
Templeton India Equity Income Fund(G)4.54
Aditya Birla SL Dividend Yield Fund(G)2.34

International Funds

Aditya Birla SL Intl. Equity Fund-A(G)7.97
Franklin Asian Equity Fund(G)6.84
Aditya Birla SL Intl. Equity Fund-B(G)3.07
Aditya Birla SL CEF-Global Agri-Reg(G)-0.48

Thematic Funds

UTI Transportation & Logistics Fund5.25
Invesco India Financial Services Fund(G)8.29
ICICI Pru Banking & Fin Serv Fund(G)7.72
Sundaram Fin Serv Opp Fund(G)5.40
ICICI Pru FMCG Fund(G)11.29
SBI Consumption Opp Fund-Reg8.69
UTI India Consumer Fund-Reg(G)6.50
Nippon India Consumption Fund(G)5.96
Quant Consumption Fund(G)5.50
Invesco India Infrastructure Fund(G)5.85
Taurus Infrastructure Fund-Reg(G)4.31
L&T Infrastructure Fund-Reg(G)3.48
BOI AXA Mfg & Infra Fund-Reg(G)3.23
Kotak Infra & Eco Reform Fund(G)2.80
Canara Rob Infrastructure Fund-Reg(G)2.60
SBI Infrastructure Fund-Reg(G)1.98
Tata Infrastructure Fund-Reg(G)1.62
UTI Infrastructure Fund-Reg0.81
LIC MF Infra Fund(G)0.47
Aditya Birla SL Infrastructure Fund(G)0.35
ICICI Pru Infrastructure Fund(G)-0.01
HSBC Infra Equity Fund(G)-0.06
HDFC Infrastructure Fund(G)-0.07
Sundaram Infra Advantage Fund(G)-0.25
Quant Infrastructure Fund(G)-0.78
Aditya Birla SL MNC Fund-Reg(G)11.84
SBI Magnum Global Fund-Reg10.80
UTI MNC Fund-Reg10.53
Nippon India Pharma Fund(G)12.28
SBI Healthcare Opp Fund-Reg10.39
UTI Healthcare Fund-Reg8.70
ICICI Pru Exports & Services Fund(G)8.71
SBI Technology Opp Fund-Reg9.72
ICICI Pru Technology Fund(G)9.30
Franklin India Technology Fund(G)8.63
Aditya Birla SL India GenNext Fund(G)11.47
Canara Rob Consumer Trends Fund-Reg(G)11.06
Aditya Birla SL Digital India Fund(G)9.35
Sundaram Rural and Consumption Fund(G)8.24
Tata Ethical Fund-Reg(G)7.30
SBI Magnum Equity ESG Fund-Reg6.30
Invesco India PSU Equity Fund(G)5.00
Franklin India Opportunities Fund(G)4.92
Nippon India Quant Fund(G)4.53
DSP Natural Res & New Energy Fund-Reg(G)4.20
SBI Magnum Comma Fund-Reg(G)3.37
Nippon India Banking Fund(G)3.15
DSP India T.I.G.E.R Fund-Reg(G)1.98
SBI Contra Fund-Reg1.93
Nippon India Power & Infra Fund(G)-1.16
Do share this article with your friends using the buttons below.

🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 5000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! More than 1,000 investors and advisors use this!
New Tool! => Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
Follow Freefincal on Google News
Follow Freefincal on Google News
Subscribe to the freefincal Youtube Channel. Subscribe button courtesy: Vecteezy.
Subscribe to the freefincal Youtube Channel.
Follow freefincal on WhatsApp Channel
Follow freefincal on WhatsApp
Podcast: Let's Get RICH With PATTU! Every single Indian CAN grow their wealth! 
Listen to the Lets Get Rich with Pattu Podcast
Listen to the Let's Get Rich with Pattu Podcast
You can watch podcast episodes on the OfSpin Media Friends YouTube Channel.
Lets Get RICH With PATTU podcast on YouTube
Let's Get RICH With PATTU podcast on YouTube.
🔥Now Watch Let's Get Rich With Pattu தமிழில் (in Tamil)! 🔥
  • Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
  • Have a question? Subscribe to our newsletter using the form below.
  • Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!

About The Author

Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!   
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both the boy and girl-version covers of "Chinchu Gets a superpower".
Most investor problems can be traced to a lack of informed decision-making. We made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So, in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it, as well as teaching him several key ideas of decision-making and money management, is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)