Around 43 schemes from contra, ELSS, flexi cap, focused, large & mid cap, mid cap, multi cap, and small cap categories offered more than 20% returns in three years. Large cap fund and value categories failed to offer more than 20% returns in the three-year horizon. There were 26 large cap and 14 value funds that have completed three years in the market.
The top performing schemes offered more than 35% in three years. Bank of India Small Cap Fund topped the return chart with 37.11% returns, followed by Canara Robeco Small Cap Fund (37.08%) and Quant Small Cap Fund (36.15%). Around eight schemes offered more than 30% in three-years.
Around 15 small cap schemes managed to offer more than 20% in a three-year horizon. Around 10 mid cap funds, five focused funds, four flexi cap and large & mid cap funds, three ELSS, and one contra, and multi cap fund also featured on the list.
We considered daily rolling returns of all equity schemes for a period of three years. We looked at equity scheme categories, including large cap, large & mid cap, mid cap, small cap, multi cap, flexi cap, focused funds, value funds, contra funds, and ELSS funds. We considered regular plans and the growth option for the study. We considered the schemes that have offered more than 20% returns in a three-year horizon.
Despite offering double-digit returns, some schemes did not make it to the list as they offered less than 20%.
Note, the above exercise is not a recommendation. The main purpose of the exercise is just to find out schemes that offered more than 20% in the three-year horizon. One should not make investment or redemption decisions based on the above exercise.
One should always consider their risk profile, investment horizon and goal before making investment decisions. Past performance does not guarantee future performance.
If you are looking for recommendations, see:
Best recommended schemes in 2023
