These 29 schemes were from mid cap, small cap, multi cap, ELSS, large & mid cap, value fund, flexi cap, focused fund categories. Mid cap category topped the list, with around 13 mid cap schemes offering more than 20% in the 10-year period. Around seven small cap funds, three large & mid cap funds, two value funds, and one ELSS, flexi cap, multi cap, and focused fund also offered more than 20% in 10 years. (See table for details)
We considered all equity schemes like large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, flexi cap,focused fund, contra and value. We considered regular and growth options.
The toppers gave more than 25% in the 10-year horizon. Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, gave 29.73% in the same time period. SBI Small Cap Fund and DSP Small Cap Fund gave 27.04% and 25.80% respectively.
Only one ELSS scheme, Quant Tax Plan, offered 24.13% in the 10-year horizon. Quant Flexi Cap Fund and Quant Active Fund, a flexi cap and multi cap scheme from Quant Mutual Fund, gave 23.85% and 23.56% respectively.
HDFC Mid-Cap Opportunities Fund, the largest scheme in the mid cap category based on assets managed, gave 22.90%. However, Taurus Discovery (Midcap) Fund, the smallest scheme in the mid cap category based on assets managed, gave more than 20%. The scheme offered 20.89%.
ICICI Prudential Value Discovery Fund, a flagship value scheme from ICICI Prudential Mutual Fund, gave 20.05% in the 10-year horizon.
Two largest schemes from the large & mid cap category, Mirae Asset Emerging Bluechip and Canara Robeco Emerging Equities Fund, gave 24.62% and 22.94% respectively.
Note, the above exercise is not a recommendation. The main purpose of the exercise was to find which equity schemes have offered more than 20% in the 10-year horizon. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon and goal before making investment decisions. Past performance of the scheme does not guarantee future performance.
If you are looking for recommendations, see:
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