Following is the results of SIP Investment of Rs.5000 every month for 15 years in Best and worst Mutual Funds. Returns as on May 31,2010 (source : valueresearch)
- HDFC Equity Fund - 120,17,370 (more then a crore. YES becoming crorepati is easy !)
- Franklin India Bluechip - 94,87,199
- Magnum Multiplier - 51,56,455
- Taurus Discovery - 21,31,190
- LIC MF Equity - 21,83,562
- JM Equity - 24,78,042
I am sure nobody can predict and choose the Best Mutual Fund but they can definately select a good reliable fund based on its historical performance and increase your chances of selecting winner who will definately be amongst the top few Mutual Funds.