Is long term investing still alive and are we sure that in long term people actually made money?

Based on this ,I am writing a very classic example of one mutual fund scheme HDFC Equity fund.It has been in existence since 25 years and the numbers really tell some facts. It is true across any fund

HDFC Equity fund was launched on 1st Jan 1995 and assume that you had invested Rs.10 lacs in that scheme. Here is it's journey

1-1-1995 Rs. 10 lacs invested in HDFC Equity fund(G)

1-1-1998 ( 3 years later) it becomes Rs.7.3 lakhs (Down by 27%) (Most investors exit here)

1-1-2000( 5 years later) it becomes Rs.26.6 lakhs ( CAGR 21.65%)

1-1-2008( 13 years later) it becomes 2.4 crores(CAGR 27.7%)

7-7-2020( 25.5 years later) it became 5.94 crores( CAGR 17.35%)

On 7-7-2021( today after 26.5 years) it has become 8.92 crores ( CAGR 18.5%)

Hey wait. The results don't necessary end here. Apart from returns, these are the value additions that mutual fund investors got

a)Completely liquid portfolio

b)Well diversified(Low risk, better returns)

c)Almost tax free

d)No time to be devoted in creating this wealth

Whenever I think about equity mutual funds market performance, I always come to the same conclusion:

The mutual fund is a crazy wealth-building machine if you just stay invested.