7 equity mutual funds offer over 20% return in 5 years (2024)

Around seven equity mutual funds have delivered more than 20% returns in the last five years based on daily rolling returns, as shown by performance analysis. Around 187 equity mutual funds have completed five years in the market.

The top five funds were from the small-cap category. Bank of India Small Cap Fund, leading the list, offered a 31.22% return over the last five years based on daily rolling returns. Edelweiss Small Cap Fund delivered a 28.69% return over the same period.

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Canara Rob Small Cap Fund delivered a 27.94% return in a similar time frame. Tata Small Cap Fund and Invesco India Smallcap Fund offered returns of 26.81% and 26.15%, respectively, based on daily rolling returns over the last five years.

Axis Growth Opp Fund, a large and mid-cap fund, offered a 20.70% return in the said period. Quant ELSS Tax Saver Fund delivered a 20.29% return in a similar time horizon.

Nippon India Small Cap Fund, the largest small-cap fund based on assets managed, offered a 17.80% return in the last five years based on daily rolling frequency. Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, delivered a 17.02% return during this period.

Canara Robeco Emerging Equities Fund gave a 14.20% return in the said period based on daily rolling frequency. On similar parameters, the HDFC Mid-Cap Opportunities Fund, the largest mid-cap fund based on assets managed, offered a 13.56% return.

SBI BlueChip Fund delivered an 11.37% return in the last five years based on daily rolling returns. SBI Long Term Equity Fund, the oldest ELSS fund, gave an 11.07% return in a similar period.

Out of 187 equity MFs, 159 gave double-digit returns and 28 funds gave single-digit returns.

We considered all equity MFs available in the said period. We considered regular and growth options. We calculated daily rolling returns from July 7, 2019 to July 7, 2024.

Note: The above exercise is not a recommendation. The exercise was done to find which equity mutual funds offered more than 20% return based on daily rolling frequency. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making investment decisions.