Numerous equity mutual funds, as well, have delivered spectacularly over the long term. Take for instance the five equity funds that we have featured here. These plans have recorded 23.8 27% returns annually over the last 20 years. However, not very many investors would have had the persistence to sit through these 20 years quietly to get rewarded. The people who did, would have seen their cash grow a 100-fold. Here are the five funds that grew investors’ cash by 72-119 times.

Topping the chart is Nippon India Growth fund. It is one of the oldest midcap schemes, having been begun in 1995 by Reliance Mutual Fund. It has delivered an amazing 27 percent returns every year more than 20 years, as per information from Valueresearch. Thus, you cash would have developed by 119 times in these 20 years. Rs 1 lakh invested in 2001 would have developed to almost Rs 1.2 crore now.

Franklin Prima is the next fund in the list with a healthy 26.1 percent returns more than 20 years. The scheme, as well, is a midcap fund and was begun in 1993. Rs 1 lakh invested in Franklin Prima in 2001 would have developed to Rs 1.03 crore now.

Notwithstanding being a sectoral fund, ICICI Prudential Technology fund has been a top-notch performer throughout the last couple of decades. The fund has delivered 24% annually more than 20 years. Rs 1 lakh 2001 would be Rs 74.2 lakh now. The scheme invests mostly in stocks of software services organizations.

SBI Magnum Global fund has delivered 24% compounded every year starting around 2001. It is a fund that invests in stocks of multinational organizations listed in India and furthermore a few overseas stocks. An investment of Rs 1 lakh made 20 years prior would be worth Rs 74.2 lakh. This fund has a long history, considering that it was begun in 1994.

SBI Contra finishes the list of the top five equity funds as far as performance over the past 20 years. The scheme has delivered 23.9 percent annually over this period. An investment of Rs 1 lakh would have developed to Rs 72.2 lakh in these two decades. As the name recommends, the plan follows a contrarian investment strategy.

The funds referenced above are not our proposals. To represent the possibility that serious wealth creation can happen through very much picked mutual funds is the explanation for featuring these funds.