When it comes to investing in mutual funds, many factors determine a fund’s potential to grow your money. Among them, Assets Under Management (AUM) is a critical one. It indicates the total value of assets managed by a fund and gives investors insight into how much trust the market places in a fund. Generally, funds with high AUM are managed well and have attracted large investments, often delivering stable and consistent returns over time.
If you’re looking to invest in mutual funds that can provide solid returns through systematic investment plans (SIP) or lump sum investments, the following 10 funds should be on your radar. These funds not only manage huge assets but also have a strong track record of delivering returns over the past decade.
1. ICICI Prudential Bluechip Fund
- AUM: Rs. 64,962.98 crore
- Category: Largecap
- Benchmark: NIFTY 100 Total Return Index
ICICI Prudential Bluechip Fund stands out for its robust long-term performance. If you had invested Rs. 10,000 monthly in SIPs for 10 years, your investment would have grown to Rs. 31,33,193 with an 18.24% annualized return. For lump sum investors, a Rs. 1 lakh investment would have turned into Rs. 4,18,731 over 10 years with a 16% annualized return. The fund has consistently outperformed its benchmark, which returned 14.15% during the same period.
2. SBI Bluechip Fund
- AUM: Rs. 52,119.84 crore
- Category: Largecap
- Benchmark: BSE 100 Total Return Index
SBI Bluechip Fund is another largecap fund that has delivered a solid 17% annualized return through SIPs over the last 10 years. If you had invested Rs. 10,000 per month in a SIP, your investment would now be worth Rs. 29,31,118. Lump sum investors would have seen their Rs. 1 lakh grow to Rs. 4,20,910. The benchmark return for this period was slightly lower at 14.31%.
3. Mirae Asset Large Cap Fund
- AUM: Rs. 41,338.87 crore
- Category: Largecap
- Benchmark: NIFTY 100 Total Return Index
With an annualized SIP return of 17.18%, Mirae Asset Large Cap Fund has demonstrated a strong ability to grow investments over time. A Rs. 10,000 monthly SIP would have grown to Rs. 29,59,695 in 10 years. A lump sum of Rs. 1 lakh would have increased to Rs. 4,28,753, beating the benchmark return of 14.15%.
4. Parag Parikh Flexi Cap Fund
- AUM: Rs. 81,571.39 crore
- Category: Flexi Cap
- Benchmark: NIFTY 500 Total Return Index
Parag Parikh Flexi Cap Fund has delivered exceptional returns, with an annualized SIP return of 22.18% over the last 10 years. If you had invested Rs. 10,000 monthly, your portfolio would now be worth Rs. 38,76,249. A lump sum of Rs. 1 lakh would have grown to Rs. 5,98,013 with an annualized return of 19.39%. The benchmark, meanwhile, returned 15.26% during this period.
5. HDFC Flexi Cap Fund
- AUM: Rs. 65,140.24 crore
- Category: Flexi Cap
- Benchmark: NIFTY 500 Total Return Index
HDFC Flexi Cap Fund is another excellent performer, with a 21.08% annualized return for SIPs over 10 years. A monthly SIP of Rs. 10,000 would have resulted in Rs. 36,53,349, while a lump sum investment of Rs. 1 lakh would have grown to Rs. 4,64,898. It has comfortably beaten the benchmark return of 15.26%.
6. Kotak Flexicap Fund
- AUM: Rs. 52,960.20 crore
- Category: Flexi Cap
- Benchmark: NIFTY 500 Total Return Index
With a 10-year SIP return of 18.04%, Kotak Flexicap Fund is another solid choice. A monthly SIP of Rs. 10,000 over 10 years would have resulted in Rs. 30,99,744, while a lump sum of Rs. 1 lakh would have turned into Rs. 4,64,500. The benchmark return was 15.26% during the same period.
7. HDFC Mid-Cap Opportunities Fund
- AUM: Rs. 76,471.40 crore
- Category: Midcap
- Benchmark: NIFTY Midcap 150 Total Return Index
This midcap fund has delivered an outstanding 23.78% annualized return for SIPs over the last 10 years. A Rs. 10,000 monthly SIP would now be worth Rs. 42,27,055, while a lump sum of Rs. 1 lakh would have grown to Rs. 6,48,683. The benchmark return for midcaps during this time was 20.34%.
8. Kotak Emerging Equity Fund
- AUM: Rs. 51,673.36 crore
- Category: Midcap
- Benchmark: NIFTY Midcap 150 Total Return Index
Kotak Emerging Equity Fund is another midcap option, boasting a 24% annualized SIP return over the last decade. A Rs. 10,000 monthly SIP would now be worth Rs. 42,79,368, and a lump sum of Rs. 1 lakh would have grown to Rs. 7,15,632. Its benchmark also had a strong performance, returning 20.34%.
9. Nippon India Small Cap Fund
- AUM: Rs. 61,458.95 crore
- Category: Smallcap
- Benchmark: NIFTY Smallcap 250 Total Return Index
If you’re willing to take on a bit more risk, Nippon India Small Cap Fund has delivered stellar returns of 28.37% annually through SIPs. A Rs. 10,000 monthly SIP would have grown to Rs. 54,21,516 in 10 years. A lump sum of Rs. 1 lakh would have appreciated to Rs. 8,96,891. The smallcap benchmark delivered a 17.58% return during this period.
10. ICICI Prudential Value Discovery Fund
- AUM: Rs. 50,268.41 crore
- Category: Value
- Benchmark: NIFTY Smallcap 250 Total Return Index
ICICI Prudential Value Discovery Fund has been a strong performer in the value category, with an annualized SIP return of 21.27%. A Rs. 10,000 monthly SIP over 10 years would have grown to Rs. 36,90,587. A lump sum of Rs. 1 lakh would now be worth Rs. 5,04,192. The benchmark, in comparison, returned 15.26%.
