List of 64 Mutual Funds that gave Best Returns on a Consistent basis

There are more than 3,700 mutual funds available in India. Since there are thousands of options available for investors like you and me to choose from, it becomes extremely tough to pick the best ones. There can be many criterias to choose a Mutual Fund, but one of the most important criteria is ‘Return on Investments’. So below I’ve curated a list of those mutual funds which have yielded the best ROI. Last Updated: September 2022

1) Small Cap Fund Below are the small cap funds that have given more than 15% returns on a consistent basis for the last 5 years i.e., between September 2017 to September 2022. Small cap mutual funds invest in stocks of the companies that ranks 251 onwards in the exchange as per their market capitalisation. Their market value is between $300 million to $2 billion. These funds provide exposure to lesser-known and upcoming companies and sectors, which are slightly riskier but also can be highly rewarding. A Squirrel can run fast, but Elephant can’t. Likewise, the smaller companies can multiply their growth faster. Below are the best performing small-cap mutual funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Quant Small Cap Fund	53.6%	22.2%
Axis Small Cap Fund	32.1%	21.4%
SBI Small Cap Fund	34.4%	20.4%
Kotak Small Cap Fund	39.5%	19.6%
Nippon India Small Cap Fund	39.0%	19.4%
ICICI Pru Smallcap Fund	34.1%	17.0%
HDFC Small Cap Fund	28.4%	16.5%
Union Small Cap Fund	36.5%	16.1%

2) Mid Cap Fund Following are the funds that have given more than 15% returns on a consistent basis for the last 5 years i.e., between September 2017 to September 2022. Mid Cap Funds usually invest heavily in mid-sized companies that have good growth potential. Mid-Size Companies are defined by their rank – companies that are ranked from 101 onwards till 250 based on their market capitalization on the National Stock Exchange in India. They generally have a market value between $2 to $10 billion.  Below are the best performing mid-cap funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Quant Mid Cap Fund	40.8%	22.0%
PGIM India Midcap Opp Fund	43.8%	21.3%
Axis Midcap Fund	26.9%	18.9%
Edelweiss Mid Cap Fund	32.0%	17.2%
Kotak Emerging Equity Fund	31.2%	17.1%
Invesco India Midcap Fund	26.8%	16.3%
Nippon India Growth Fund	29.2%	15.9%
Motilal Oswal Midcap Fund	29.2%	15.7%
SBI Magnum Midcap Fund	33.0%	15.6%

3) Large & Mid Cap Fund Following are the Large and Mid Cap funds that have given more than 15% returns on a consistent basis for the last 5 years i.e.between September 2017 to September 2022. Having some part of your portfolio invested in large and mid-sized companies is a good strategy because they are more stable than small cap companies. They are also less risky as these firms are well established and have been around for a long time. Below are the best performing large & mid-cap funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Mirae Asset Emerging Bluechip	25.0%	16.4%
Edelweiss Large & Mid Cap Fund	24.5%	15.7%
Quant Large & Mid Cap Fund	28.8%	15.4%
Canara Rob Bluechip Equity Fund	22.0%	15.3%

4) Flexi & Multi Cap Fund Following are the Flexi & Multi cap funds  that have given more than 15% returns on a consistent basis for the last 5 years i.e.between September 2017 to September 2022. Consider it as the best of all the worlds, where it’s all mixed. As in, these funds do not heavily invest in a single sector or size but rather you will find a good mix of small to mid to large companies from different sectors. Below are the best performing flexi & multi-cap funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Quant Active Fund	38.4%	23.0%
Quant Flexi Cap Fund	39.0%	19.3%
Parag Parikh Flexi Cap Fund	26.3%	18.5%
PGIM India Flexi Cap Fund	29.7%	16.9%
Mahindra Manulife Multi Cap Badhat Yojana	28.1%	16.7%
UTI Flexi Cap Fund	22.8%	15.5%
Canara Rob Flexi Cap Fund	22.2%	15.0%

5) Equity Linked Savings Scheme (ELSS) Below mentioned are the ELSS funds that have given more than 15% returns on a consistent basis for the last 5 years i.e., between September 2017 to September 2022. ELSS funds are one of the most popular investment avenues available as they not just yield great returns but also, they can help save on taxes and reduce your overall tax liability and hence these are more attractive. Under section 80C of the Income Tax Act, investments of up to 1.5 Lac done in ELSS Mutual Funds are eligible for tax deduction. Below are the best performing ELSS funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
SBI Tax Advantage Fund-III	38.5%	24.6%
Quant Tax Plan	44.4%	23.7%
SBI LT Advantage Fund-IV	37.7%	22.6%
SBI LT Advantage Fund-III	31.7%	17.1%
Canara Rob Equity Tax Saver Fund	25.1%	17.1%
Mirae Asset Tax Saver Fund	24.3%	16.7%
Bank of India Tax Advantage Fund	28.7%	16.2%
SBI LT Advantage Fund-II	31.1%	15.9%
SBI LT Advantage Fund-I	30.6%	15.2%

6) Contra Fund Below mentioned Contra funds have given more than 15% returns on a consistent basis in the last 5 years i.e., between September 2017 to September 2022. The contra fund invests mostly in those companies that are not performing well during the prevailing market but have great potential to yield profits. The investment objective of the contra funds is to provide capital appreciation by investing in stocks that are undervalued and are available for cheap price and are expected to increase in value over time as the market changes the trend. (Example: cyclical companies like metal or auto). Below are the best performing Contra funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
SBI Contra Fund	32.1%	15.5%
Invesco India Contra Fund	22.1%	15.2%

7) Technology Sectoral Fund Technology sectoral funds, as the name suggests, are majorly invested in companies that have technology as the core of their business. Following are the funds that have given more than 15% returns on a consistent basis in the last 5 years i.e., between September 2017 to September 2022

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Tata Digital India Fund	28.5%	28.8%
ICICI Pru Technology Fund	30.3%	28.0%
Aditya Birla SL Digital India Fund	29.5%	26.9%
SBI Technology Opp Fund	26.4%	25.7%
Franklin India Technology Fund	22.2%	19.5%

8) Consumption Sectoral Fund Consumption sectoral fund primarily invests in companies that are doing excellent in the consumables business. Below mentioned funds have given more than 15% returns on a consistent basis in the last 5 years i.e.between September 2017 to September 2022

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Nippon India Consumption Fund	29.4%	16.8%
Canara Rob Consumer Trends Fund	25.1%	16.8%
Mirae Asset Great Consumer Fund	24.1%	16.3%
SBI Consumption Opp Fund	25.9%	16.2%
Aditya Birla SL India GenNext Fund	23.3%	15.1%

9) Infrastructure Sectoral Fund As the name indicates, Infrastructure sectoral funds invest in companies that have a promising business and future in the infra sector. Following are the funds that have given more than 15% returns on a consistent basis in the last 5 years i.e., between September 2017 to September 2022

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Quant Infrastructure Fund	44.0%	24.1%
Invesco India Infrastructure Fund	29.3%	16.2%
Bank of India Mfg & Infra Fund	31.2%	15.9%

10) Pharma & Healthcare Sectoral Fund Pharma and Healthcare are one the contributors in the growth story of the Indian economy. Following are a few best picks  that have given more than 15% returns on a consistent basis in the last 5 years i.e., between September 2017 to September 2022

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Nippon India Pharma Fund	25.7%	18.1%
Tata India Pharma & Healthcare Fund	24.3%	16.5%

11) Focused Fund Few of the best picks in focused funds that have given more than 15% returns on a consistent basis in the last 5 years i.e., between September 2017 to September 2022. A focused fund usually invests in stocks or bonds of a particular sector (e.g., healthcare, technology, retail) or to invest in companies with the same size characteristics (e.g., price-to-earnings ratio). Below are the best performing Focused funds:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
IIFL Focused Equity Fund	24.6%	16.5%
Quant Focused Fund	26.6%	15.7%
SBI Focused Equity Fund	21.2%	15.4%

12) Other Mutual Funds Some other funds that have given more than 15% returns on a consistent basis in the last 5 years i.e., between September 2017 to September 2022. These are hybrid or solution-oriented or global funds which have performed well:

Name of the Mutual Fund	3 Year CAGR	5 Year CAGR
Quant Absolute Fund	33.8%	20.2%
Quant Multi Asset Fund	31.9%	19.9%
ICICI Pru US Bluechip Equity Fund	15.2%	16.0%
HDFC Retirement Savings Fund-Equity Plan	25.7%	15.6%
Tata Resources & Energy Fund	30.3%	15.4%
DSP US Flexible Equity Fund	17.0%	15.3%
Taurus Ethical Fund	22.1%	15.2%

Hope you find this information helpful. But please don’t take any of this as a buying recommendation. Please do your own due diligence before investing. I am not an expert. I am merely an evolving learner and sharing here my learnings with the intent to help newcomers.

Thanks,
Tejas