These nine equity mutual funds were from small cap, mid cap, multi cap and ELSS categories. Around six small cap funds offered more than 30% in the three-year period. One ELSS, mid cap, and multi cap fund gave over 30% in three years.
Quant Small Cap Fund, the topper in the list, gave 39.34% in the three-year horizon. Canara Robeco Small Cap Fund and Bank of India Small Cap Fund gave 37.07% and 36.94% respectively.
Edelweiss Small Cap Fund offered 33.93%. Tata Small Cap Fund gave 32.52% in the same time period. Only one ELSS scheme – Quant Tax Plan – gave 32.30%. Bandhan Emerging Businesses Fund offered 32.25% in the three-year horizon.
Only one mid cap scheme gave over 30% in the three-year horizon. Union Midcap Fund gave 32.22%, followed by Quant Active Fund. Only one multi cap scheme – Quant Active Fund – gave 30.02%.
Daily rolling returns
We considered daily rolling returns for equity mutual fund schemes. The daily rolling return for three years was calculated between October 2020 to October 2023.
We considered equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund,value and contra fund categories for the analysis.
Note, the above exercise is not a recommendation. One should not make investment or redemption decisions based on this exercise. The purpose of this exercise was to find out equity mutual fund schemes that gave more than 30% in three years based on daily rolling returns.
One should always consider risk appetite, investment horizon and goal before making investment decisions.
If you are looking for recommendations, see:
Best small cap mutual funds to invest in 2023
Best mid cap mutual funds to invest in 2023
Best tax saving mutual funds or ELSS to invest in 2023
