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Top 10 equity mutual funds in India delivered over 20% SIP XIRR since last Diwali
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Ten Indian equity funds achieved over 20% SIP XIRR since last Diwali; multicap and midcap funds led the list.
Since Diwali 2024 (October 31), ten equity mutual-fund schemes in India have delivered systematic-investment-plan (SIP) XIRRs above 20%. The standout fund was Groww Multicap which returned ~25.97% XIRR, followed by Invesco India Midcap (~24.69%), Helios Large & Mid Cap (~23.82%) and others. In comparison, thematic/smallcap funds lagged; three funds posted negative returns. The performance emphasises the potential of STP-style investor discipline yet also highlights the growing divergence in scheme outcomes.