A prominent Indian mid-cap equity fund revealed that an investment of ₹1 lakh in 1995 would now be worth approximately ₹4 crore — a CAGR of roughly 22%. The fund credits its performance to a disciplined Growth-At-Reasonable-Price (GARP) strategy, consistent exposure to financially strong mid-caps and a long-term horizon that rode multiple market cycles. With India’s manufacturing push gaining traction, the fund remains selective and valuation-aware in its stock choices.