Around 16 equity mutual funds have multiplied investors’ lumpsum investments by over 2.3 times in the last five years, an analysis by ETMutualFunds showed. There were 209 funds in the said time period.Motilal Oswal Midcap Fund was the top performer and multiplied the lumpsum investment by 2.58 times in the last five years. A lumpsum investment of Rs 1 lakh made in this fund would have been Rs 2.58 lakh now with a CAGR of 20.90%. Also Read | ET Alpha Wealth Summit: Future alpha may emerge from neglected markets and asset classes, says Kalpen Parekh Bandhan Small Cap Fund multiplied the same investment by 2.52 times in the last five years, followed by two funds from Nippon India Mutual Fund. Nippon India Growth Mid Cap Fund and Nippon India Small Cap Fund multiplied the investments by 2.50 times each.Quant Small Cap Fund multiplied the lumpsum investment by 2.49 times in the last five years, followed by HDFC Mid Cap Fund which multiplied the investments by 2.44 times. Invesco India Smallcap Fund and Motilal Oswal Large & Midcap Fund multiplied Rs 1 lakh lumpsum investment by 2.43 times each.Invesco India Midcap Fund, Bank of India Small Cap Fund and Edelweiss Mid Cap Fund multiplied the same lumpsum investment by 2.42 times, 2.41 times and 2.40 times respectively.Nippon India Multi Cap Fund multiplied this lumpsum investment by 2.38 times in the last five years, followed by four mid cap funds.HSBC Midcap Fund, ICICI Pru Midcap Fund, Mahindra Manulife Mid Cap Fund and Sundaram Mid Cap Fund multiplied the wealth by 2.37 times, 2.34 times, 2.33 times and 2.30 times respectively.Others in the listHSBC Small Cap Fund multiplied the lumpsum investment by 2.29 times in the last five years. HDFC Flexi Cap Fund multiplied the investment by 2.17 times in the same time period.SBI Contra Fund, the oldest and largest contra fund, multiplied the investment by 2.15 times. SBI ELSS Tax Saver Fund, the oldest ELSS fund, multiplied the investment by 2.12 times. HDFC Small Cap Fund multiplied the same investment by 2.12 times. Parag Parikh Flexi Cap Fund, the largest active and flexi cap fund based on assets managed, multiplied the same lumpsum investment by 1.97 times and gave a CAGR of 14.52% in the last five years.Two funds from Kotak Mutual Fund - Kotak ELSS Tax Saver Fund and Kotak Flexicap Fund multiplied the investment by 1.73 times each. Axis Focused Fund was the last one in the list and multiplied the investment by 1.24 times in the last five years.Also Read |ET Alpha Wealth Summit: India could unlock a $5 trillion export opportunity through FTAs, says Saurabh Mukherjea Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds multiplied the investments by 2.3 times in the last five years. One should not make investment or redemption decisions based on the above exercise. One should always consider their risk appetite, investment horizon and financial goals before considering any fund for investment.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.