Data crunching by ETMutualFunds revealed that around nine mid cap schemes gave more than 15% in three, five, seven, and 10 year horizons. Six small caps, three ELSS, and flexi cap funds, two multi cap and value funds, one large & mid cap and contra fund also offered more than 15% in all these four horizons.
Nippon India Small Cap Fund gave more than 20% in these three horizons. The scheme offered the highest return in three, seven, and 10-year horizons.
Axis Midcap Fund, Bandhan Sterling Value Fund, Bandhan Tax Advt(ELSS) Fund, JM Flexicap Fund, JM Value Fund, Mirae Asset Emerging Bluechip Fund, Nippon India Multi Cap Fund, and Taurus Discovery (Midcap) Fund managed to offer more than 20% returns in one year.
In the three-year horizon, toppers offered more than 40%. The next 13 schemes in the list offered more than 30%. In the three-year horizon, Nippon India Small Cap Fund gave the highest return of around 42.84%, followed by Quant Small Cap Fund which gave 42.74%.
In the five-year horizon, Quant Small Cap Fund gave the highest return of around 28.33%, followed by Nippon India Small Cap Fund which gave 25.66%.
In the seven-year horizon, Nippon India Small Cap Fund offered the highest return of 20.82%. Quant Small cap Fund gave 20.56% in the same time period. In the 10-year horizon, Nippon India Small Cap Fund was the topper. The scheme gave 28.04%, followed by SBI Small Cap Fund which offered 25.79%.
Maximum schemes were from Quant Mutual Fund. Around five schemes from the fund house gave more than 15% in all four horizons. Nippon India Mutual Fund had around three schemes in the list. Two schemes from Bandhan Mutual Fund, HDFC Mutual Fund, JM Mutual Fund, Kotak Mutual Fund, and SBI Mutual Fund offered more than 15% in three, five, seven, and 10-year horizons.
We considered all equity categories such as large cap, small cap, mid cap, large & mid cap, flexi cap, focused fund, multi cap, ELSS, value and contra fund categories. We considered CAGR returns. We considered only regular and growth options.
Note, the above exercise is not a recommendation. The exercise was just to show that several equity schemes have offered more than 15% in three, five, seven and 10 year horizons. Though there might be some schemes that have offered more than 15% returns in any one, two or three horizons. But they couldn’t make it to the list as we included only the schemes that have offered more than 15% returns in all four horizons.
One should not make investment or redemption decisions based on the above exercise. One should always consider investment horizon, risk appetite and goals before making investment decisions. Past performance does not guarantee future performance.
If you are looking for recommendations, see:
Best large & mid cap funds to invest in 2023
Best value mutual funds to invest in 2023
Best tax saving mutual funds or ELSS to invest in 2023
Best small cap mutual funds to invest in 2023
Best flexi cap mutual funds to invest in 2023
