Top 10 Equity Mutual Funds with Over 2x Growth in Just 3 Years

Top 10 equity mutual funds have delivered exceptionally strong returns over the past three years, with some schemes more than doubling investors' capital. Despite market volatility, these funds have consistently delivered high annualized returns, making them a notable achievement. The top-performing scheme has given a staggering 32.57% annualized return over the 3 years, while the worst-performing scheme has still returned a respectable 28.34%. These funds are undoubtedly a standout performer in the mutual fund space, but it's essential to remember that past returns do not guarantee future performance.

Key Takeaways:

• Bandhan Small Cap Fund has been the top performer, delivering a 32.57% annualized return over 3 years, with an absolute return of 133.18%.
• Nippon India Power & Infra Fund has given a 31.56% annualized return over 3 years, with an absolute return of 127.85%, making it the second-best performer.
• ICICI Prudential Infrastructure Fund has delivered a 31.20% annualized return over 3 years, with an absolute return of 126%, ranking third in the list.
• Flat six of the top 10 funds have given annualized returns in excess of 30%, including Motilal Oswal Midcap Fund, LIC MF Infrastructure Fund, Motilal Oswal Large and Midcap Fund, and Invesco India Mid Cap Fund.
• ICICI Pru Pharma Healthcare and Diagnostics Fund and SBI Healthcare Opportunities have recorded 28.83% and 28.34% annualized returns, respectively, over the 3-year period.
• Invesco India Mid Cap Fund has delivered the highest 3-year SIP returns at 30.92%, making a Rs 10,000 monthly SIP investment worth Rs 5,49,000 now.
• Top 10 mutual funds have delivered abysmal past returns, turning Rs 1 lakh into Rs 2,33,000 for the top performer and Rs 2,11,000 for the worst performer in just three years.
• Notable mention is ICICI Prudential Infrastructure Fund, which has delivered a 31.20% annualized return over 3 years, with an absolute return of 126%.
• SBI Healthcare Opportunities scheme has delivered the lowest CAGR return of 28.34%.

Statistics:

• The top scheme has given a 32.57% annualized return over 3 years.
• The second-best scheme has delivered a 31.56% annualized return over 3 years.
• All the schemes in the top 10 list have given returns in excess of 28%.
• Invesco India Mid Cap Fund has delivered the highest 3-year SIP returns at 30.92%.
• The worst scheme has returned a respectable 28.34% in 3 years.
• Top 10 funds have delivered a median CAGR return of 30.11%.
• Notable mention is Motilal Oswal Midcap Fund, which has delivered a 30.62% annualized return over 3 years.

Sources:

• Value Research