IPL teams have reaped staggering returns compared to the stock market, with Rajasthan Royals leading the way with a return of 29 times.

According to a Treelife study, investing Rs 1 lakh in an IPL team will far outperform the Sensex and blue chips.

Rajasthan Royals topped the list with a return of 29 times, so an investment of Rs 1 lakh is now Rs 29.07 lakh. They are followed by Kolkata Knight Riders 28 times, Chennai Super Kings 24 times and Mumbai Indians 22 times.

Compared to the stock market, the BSE Sensex trades at three times the price of Reliance Industries and Wipro. During this period, Infosys gave a 6-fold return, while Hindustan Unilever gave a 13-fold return.

SBI has returned 1.6 times, while Tata Steel has returned 0.7 times.

Mumbai Indians have the highest valuation at Rs 10,673 crore, followed by CSK at Rs 9,442 crore, KKR at Rs 9,031 crore, RCB at Rs 8,415 crore, Delhi Capitals at Rs 8,497 crore, Rajasthan Royals at Rs 8,210 crore, Sunrisers Hyderabad at Rs 7,964 crore and Kings XI Punjab with Rs 7,594 crore.

The two new teams, Lucknow Super Giants are valued at Rs 8,825 crore and Gujarat Titans are valued at Rs 6,979 crore.