Last Updated on Jul 30, 2024 by Anjali Chourasiya
There are several mutual funds available in the market, with each one consisting of a different portfolio composition, risk and growth prospect. For example, a large-cap mutual fund consists of companies with high market capitalisation and are suitable for investors with low-risk appetite. In contrast, a small-cap mutual fund comprises of companies with small market capitalisation and is ideal for investors with high-risk appetite.
Therefore, finding the right one according to your investment objective and risk appetite would make all the difference. In this blog, using Tickertape Mutual Fund Screener, we have derived a list of top-performing mutual funds across different market capitalisations.
Table of Contents
Best-performing large-cap mutual funds in India in the last 10 yrs
| Mutual fund plan | AUM (Rs. in cr.) | CAGR 3Y (%) | CAGR 5Y (%) | CAGR 10Y (%) |
| Nippon India Large Cap Fund | 15,855.03 | 29.81 | 16.95 | 18.06 |
| Mirae Asset Large Cap Fund | 35,349.07 | 19.09 | 15.14 | 17.94 |
| SBI BlueChip Fund | 39,650.53 | 22.22 | 16.20 | 16.61 |
| ICICI Pru Bluechip Fund | 40,078.90 | 23.19 | 16.25 | 16.04 |
| Kotak Bluechip Fund | 6,369.87 | 19.92 | 16.70 | 15.94 |
| Baroda BNP Paribas Large Cap Fund | 1,490.47 | 19.92 | 16.84 | 15.90 |
| HDFC Top 100 Fund | 26,391.00 | 26.08 | 15.08 | 15.84 |
| Invesco India Largecap Fund | 805.40 | 19.77 | 15.43 | 15.80 |
| Canara Rob Bluechip Equity Fund | 10,089.74 | 19.48 | 17.41 | 15.77 |
| Edelweiss Large Cap Fund | 530.97 | 20.69 | 16.37 | 15.46 |
Note: The data is as of 11th October 2023. The best-performing large-cap mutual funds are sorted according to their 10-yr returns by using Tickertape Mutual Fund Screener.
- Category – Equity > Large Cap Fund
- Plan – Growth
- 3Y CAGR – High
- 5Y CAGR – High
- 10Y CAGR – High (sorted from highest to lowest)
Best-performing mid-cap mutual funds in India in the last 10 yrs
| Mutual fund plan | AUM (Rs. in cr.) | CAGR 3Y (%) | CAGR 5Y (%) | CAGR 10Y (%) |
| Kotak Emerging Equity Fund | 33,091.23 | 31.47 | 23.47 | 24.73 |
| Edelweiss Mid Cap Fund | 3,665.95 | 32.05 | 23.00 | 23.33 |
| HDFC Mid-Cap Opportunities Fund | 48,686.00 | 34.99 | 22.00 | 23.20 |
| Invesco India Midcap Fund | 3,426.03 | 28.07 | 20.64 | 22.97 |
| SBI Magnum Midcap Fund | 12,555.20 | 35.12 | 23.21 | 22.56 |
| UTI Mid Cap Fund | 8,881.37 | 28.50 | 20.47 | 22.20 |
| Tata Mid Cap Growth Fund | 2,449.13 | 29.56 | 22.61 | 22.10 |
| Axis Midcap Fund | 22,655.70 | 24.19 | 20.36 | 21.95 |
| HSBC Midcap Fund | 7,956.62 | 24.61 | 16.67 | 21.62 |
| ICICI Pru Midcap Fund | 4,316.69 | 28.53 | 18.14 | 21.41 |
Note: The data is as of 11th October 2023. The best-performing mid-cap mutual funds are sorted according to their 10-yr returns by using Tickertape Mutual Fund Screener.
- Category – Equity > Mid Cap Fund
- Plan – Growth
- 3Y CAGR – High
- 5Y CAGR – High
- 10Y CAGR – High (sorted from highest to lowest)
Best-performing small-cap mutual funds in India in the last 10 yrs
| Mutual fund plan | AUM (Rs. in cr.) | CAGR 3Y (%) | CAGR 5Y (%) | CAGR 10Y (%) |
| Nippon India Small Cap Fund | 37,374.40 | 44.91 | 27.21 | 30.27 |
| SBI Small Cap Fund | 20,911.70 | 33.58 | 23.89 | 28.05 |
| DSP Small Cap Fund | 12,097.83 | 35.17 | 24.32 | 26.20 |
| Kotak Small Cap Fund | 12,285.82 | 36.70 | 26.75 | 24.55 |
| Franklin India Smaller Cos Fund | 9,719.31 | 39.84 | 21.42 | 23.74 |
| Sundaram Small Cap Fund | 2,581.76 | 36.61 | 21.75 | 22.34 |
| HDFC Small Cap Fund | 22,560.06 | 41.38 | 22.09 | 22.33 |
| Aditya Birla SL Small Cap Fund | 4,631.31 | 31.29 | 16.51 | 19.77 |
| ICICI Pru Smallcap Fund | 6,054.27 | 39.01 | 26.62 | 19.34 |
| Quant Small Cap Fund | 9,089.12 | 46.61 | 30.81 | 18.40 |
Note: The data is as of 11th October 2023. The best-performing small-cap mutual funds are sorted according to their 10-yr returns by using Tickertape Mutual Fund Screener.
- Category – Equity > Small Cap Fund
- Plan – Growth
- 3Y CAGR – High
- 5Y CAGR – High
10Y CAGR – High (sorted from highest to lowest)
Factors to consider before investing in these mutual funds
Before investing in any mutual fund, it is important to check certain important factors like
- Investment goal – It is always important to invest according to your goal. Get a list of mutual funds and keep an eye on their performance. For example, if you are close to retirement, choose a balanced fund that invests in a mix of bonds and stocks.
- Investment horizon – Before investing, consider your investment horizon. If your investment goal is short, check for short-term funds that you can liquidate in a few years. If you have a long-term investment goal, go for long-term funds. Overall, ensure the fund duration matches your investment goal duration.
- Risk appetite – This is essential to keep in mind while investing. Mutual funds have different options. Invest according to your risk tolerance, or your investment can go to waste.
- Returns – An investment is considered good if it gives you more than you invested. This includes the fees and other costs associated while investing.
- Fees – Mutual fund companies or brokers charge a fee based on the investment amount. Go through the fees charged by your broker before investing.
Taxation on Equity Mutual Funds as per the 2024 Budget
Understanding the latest tax regulations on equity mutual funds is essential for making informed investment decisions. The Union Budget 2024 has introduced significant changes to the taxation of equity mutual funds, simplifying the tax structure while altering rates and benefits. Here is a detailed breakdown of the new tax rules:
Short-Term Capital Gains (STCG)
If you hold equity mutual funds for less than a year, the gains from these investments are classified as short-term capital gains. According to the new budget, these gains are now taxed at a rate of 20%, which has been increased from the previous rate of 15%.
Long-Term Capital Gains (LTCG)
For equity mutual funds held for more than a year, the gains are considered long-term capital gains. The key points to note under the new budget are:
- Tax-Free Limit: Gains up to Rs. 1.25 lakh in a financial year remain tax-free. This limit has been increased from the previous threshold of Rs. 1 lakh.
- Tax Rate: Any gains above Rs. 1.25 lakh are taxed at a flat rate of 12.5%. It was previously taxed at 10%.
- Indexation: It’s important to note that the benefit of indexation, which previously allowed investors to adjust the purchase price of their assets for inflation, has been removed for all asset classes, including equity mutual funds.
Indexation is a method used to adjust the purchase price of an asset (like property or gold) for inflation over the years. This adjusted price is then used to calculate capital gains. Previously, long-term capital gains from selling property, gold, or other unlisted assets were taxed at 20%, but you could use indexation to reduce your taxable profit. The new rule simplifies the tax structure by setting a flat 12.5% tax rate for all long-term capital gains. However, it removes the indexation benefit.
Summary
| Capital Gains Tax | Holding Period | Old Rate | New Rate |
| Short-Term Capital Gains (STCG) | Less than 12 months | 15% | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 10% | 12.50% |
No Indexation Benefit: This change affects the overall tax liability, potentially increasing it for long-term investors.
Conclusion
Investments are the way to make wealth. But before investing, consider your risk appetite and investment goal. Make sure you have a good knowledge of the mutual fund scheme you are investing in. You can check Tickertape Mutual Fund Screener to get a fund’s key metrics. You can compare different schemes and find the best one that suits you. Happy Investing!
FAQs
1. What are the best-performing mutual funds in India in the last 5 yrs?
Several mutual funds performed well in the last 5 yrs. You can get a detailed list of best-performing mutual funds based on 5 yrs’ returns on Tickertape by following the steps below:
– Log in to Tickertape
– Open the Mutual Fund Screener
– Select ‘Equity’ as Category
– Add ‘5Y CAGR’ and sort it from high to low
2. What are the best performing large-cap mutual funds?
You can get the list of the best performing large-cap mutual funds on Tickertape by following the steps below:
– Log in to Tickertape
– Open the Mutual Fund Screener
– Select ‘Large Cap Fund’ as a sub-category under the ‘Equity’ category
– You can add different parameters like AUM, CAGR 5Y, 3Y Avg Annual Rolling Returns, etc., to sort these funds
3. What are the best performing mid-cap mutual funds?
Get the list of the best performing mid-cap mutual funds on Tickertape by following the steps below:
– Log in to Tickertape
– Open the Mutual Fund Screener
– Select ‘Mid Cap Fund’ as a sub-category under the ‘Equity’ category
– You can add different parameters like AUM, CAGR 5Y, 3Y Avg Annual Rolling Returns, etc., to sort these funds
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
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