Around 13 equity mutual funds have offered over 20% CAGR in the last three and five years, an analysis by ETMutualFunds showed. There were 207 equity mutual funds who have completed five years of existence in the industry.
Among these 13 funds, seven were mid caps, four were smallcaps, one multicap and one large and midcap. Three funds were from Nippon India Mutual Fund, two from Motilal Oswal Mutual Fund and Invesco India Mutual Fund each, one each from Bank of India Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Mahindra Manulife Mutual Fund.
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Two smallcap funds, Bandhan Small Cap Fund and Bank of India Small Cap Fund delivered over 20% CAGR in the last three and five years each. Bandhan Small Cap Fund gave 30.76% in the last three years and 22.91% in the last five years.
Bank of India Small Cap Fund posted a return of 21.99% and 20.11% in the last three years and five years respectively. The next four funds were mid caps.
Edelweiss Mid Cap Fund, HDFC Mid Cap Fund, ICICI Pru Midcap Fund, and Invesco India Midcap Fund posted a return of over 20% CAGR in the said time periods. The other fund from Invesco India Mutual Fund was Invesco India Smallcap Fund which gave 24.45% and 22.01% CAGR in the last three years and five years respectively.
Mahindra Manulife Mid Cap Fund also featured in the list. The fund gave 24.65% and 20.36% CAGR in the last three years and five years respectively. There were two funds from Motilal Oswal Mutual Fund.
Motilal Oswal Large & Midcap Fund and Motilal Oswal Midcap Fund offered over 20% CAGR in both the time periods. The next three funds in the list were from Nippon India Mutual Fund.
Nippon India Growth Mid Cap Fund, Nippon India Multi Cap Fund, and Nippon India Small Cap Fund delivered over 20% CAGR in the last three and five years.
In the last three years, Bandhan Small cap Fund offered the highest CAGR of around 30.76% among these 13 funds and Nippon India Multi Cap Fund gave the lowest return of 20.56%.
Bandhan Small Cap Fund was the topper in the last five years as well as it gave the highest CAGR of 22.91% among these 13 funds and Bank of India Small Cap Fund gave the lowest return of 20.11%.
There were many equity funds that gave over 20% CAGR in any one horizon but we considered the ones that gave over 20% CAGR in both the horizons.
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Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds gave over 20% CAGR in the last three years and five years. One should not make their investment and redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goals before making any investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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