Best Performing Mutual Funds in India in Last 5 Years

Overview of Best Performing Mutual Funds in India as of Last 5 Years (as per 5Y annualized Returns)

Here is a brief overview of the best-performing mutual funds in India for the last 5 years (as per 5Y annualized Returns):

• Quant Infrastructure Fund Direct-Growth

• The fund has ₹2,498.18 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.66%.

• Its fund allocates 90.72% of its assets in equities, including 25.78% in large-cap stocks, 23.72% in mid-cap stocks and 23.56% in small-cap stocks. Additionally, it assigns 5.4% of its investment to debts.

• The company’s holdings include Reliance Industries Limited, Kalyani Steels Limited,  JIO Financial Services Limited, Adani Power Limited, NCC, Tata Steel Limited and more.

• Quant Small Cap Fund Direct Plan-Growth

• The fund has ₹17,348.95 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.64%.

• Its fund allocates 93.2% of its assets in equities, including 16.14% in large-cap stocks, 6.52% in mid-cap stocks and 42.46% in small-cap stocks. Additionally, it assigns 1.46% of its investment to debts.

• The company’s holdings include Hindustan Copper Limited, Reliance Industries Limited, Bikaji Foods International Limited, IRB Infrastructure Developers Limited, RBL Bank and more.

• Quant Mid Cap Fund Direct-Growth

• The fund has ₹5,873.25 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.62%.

• Its fund allocates 93.52% of its assets in equities, including 30.85% in large-cap stocks, 39.52% in mid-cap stocks and 16.27% in small-cap stocks. Additionally, it assigns 4.56% of its investment to debts.

• The company’s holdings include Aurobindo Pharma Limited, Reliance Industries Limited,  Samvardhana Motherson International Limited, Punjab National Bank, Linde India Limited and more.

• Bank of India Small Cap Fund Direct-Growth

• The fund has ₹939.7 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.63%.

• Its fund allocates 92.78% of its assets in equities, including 6.8% in large-cap stocks, 9.3% in mid-cap stocks and 44.37% in small-cap stocks. Additionally, it assigns 0.02% of its investment to debts.

• The company’s holdings include Avenue Supermarts Limited, BSE Limited, Radico Khaitan Limited, Castrol India Limited, Jamna Auto Industries Limited, Lemon Tree Hotels Limited and more.

• Tata Small Cap Fund Direct-Growth

• The fund has ₹6,236.38 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.29%.

• Its fund allocates 94.28% of its assets in equities, including 5.39% in mid-cap stocks and 67.41% in small-cap stocks.

• The company’s holdings include IDFC, Quess Corp Limited, BASF India Limited, Gujarat Pipavav Port Limited, DCB Bank, and more.

• Aditya Birla Sun Life Medium Term Plan Direct-Growth

• The fund has ₹1,863.18 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.85%.

• Its fund allocates 93.98% of its assets in debts, including 46.21% in government securities and 44.01% in low-risk securities. 

• The company’s holdings include Shriram City Union Finance Limited, National Bank For Agriculture & Rural Development, LIC Housing Finance Limited, Kotak Mahindra Bank and more.

• DSP Government Securities Direct Plan-Growth

• The fund has ₹755.19 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.55%.

• Its fund allocates 97.45% of its assets in debts which comprises government securities. 

• The fund's primary investments consist of holdings in the GOI, Karnataka State, and Maharashtra State.  

• SBI Magnum Gilt Fund Direct-Growth

• The fund has ₹7,884.27 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.46%.

• Its fund allocates 98.51% of its assets in debts, primarily in government securities. 

• The fund's primary investments consist of holdings in the GOI, Uttar Pradesh State, West Bengal State and Maharashtra State.

• ICICI Prudential Gilt Fund Direct Plan-Growth

• The fund has ₹4,864.57 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.56%.

• Its fund allocates 97.07% of its assets in debts, of which 97.07% in government securities. 

• The fund's primary investments consist of holdings in the GOI, IDFC First Bank, DBS Bank, BNP Paribas, Standard Chartered Bank, Uttar Pradesh State, Rajasthan State, West Bengal State, etc.

• ICICI Prudential All Seasons Bond Fund Direct Plan-Growth

• The fund has ₹11,882.75 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.53%.

• Its fund allocates 97.49% of its assets in debts, including 59.5% in government securities and 38.01% in low-risk securities. 

• The company’s holdings include GOI, Standard Chartered Bank, Nirma Limited, Bharti Telecom Limited, Motilal Oswal Finvest Limited, Muthoot Finance Limited, BNP Paribas, Tata Motors Finance Limited and more.

• Quant Multi Asset Fund Direct-Growth

• The fund has ₹1,829.08 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.76%.

• Its fund allocates 65.84% of its assets in equities, including 19.77% in large-cap stocks, 17.03% in mid-cap stocks and 8.23% in small-cap stocks. Additionally, it assigns 6.89% of its investment to debts, including 4.2% in government securities and 2.69% in low-risk securities.

• The company’s holdings include Reliance Industries Limited, Adani Power Limited, Orchid Pharma Limited, Bharat Highways InvIT, Housing and Urban Development Corporation Limited, GAIL (India) and more.

• Quant Absolute Fund Direct-Growth

• The fund has ₹1,868.85 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.83%.

• Its fund allocates 65.55% of its assets in equities, including 28.25% in large-cap stocks, 20.47% in mid-cap stocks and 1.87% in small-cap stocks. Additionally, it assigns 21.16% of its investment to debts, including 18.5% in government securities and 2.66% in low-risk securities.

• The company’s holdings include Britannia Industries Limited, Jindal Steel and Power Limited, Reliance Industries Limited, Tata Consultancy Services Limited, Adani Power Limited and more.

• Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth

• The fund has ₹665.29 crores worth of AUM as of March 31, 2024, and an expense ratio of 1.22%.

• Its fund allocates 77% of its assets in equities, including 5.84% in large-cap stocks, 27.98% in mid-cap stocks and 32.75% in small-cap stocks. Additionally, it assigns 20.42% of its investment to debts, including 6.02% in government securities and 14.4% in low-risk securities.

• The company’s holdings include Oil India Limited, IRFC, Jindal Stainless Limited, Indus Towers Limited, UNO Minda Limited, Castrol India Limited, JK Cement Limited and more.

• ICICI Prudential Equity & Debt Fund Direct-Growth

• The fund has ₹33,502.19 crores worth of AUM as of March 31, 2024, and an expense ratio of 1.02%.

• Its fund allocates 74% of its assets in equities, including 56.33% in large-cap stocks, 6.56% in mid-cap stocks and 2.15% in small-cap stocks. Additionally, it assigns 19.71% of its investment to debts, including 11.8% in government securities and 6.8% in low-risk securities.

• The company’s holdings include NTPC, ICICI Bank, HDFC Bank, Maruti Suzuki India Limited, Bharti Airtel Limited, ONGC, TVS Motor Company Limited, Larsen and Toubro Limited, Hindalco Industries Limited and more.

• JM Aggressive Hybrid Fund Direct-Growth

• The fund has ₹222.76 crores worth of AUM as of March 31, 2024, and an expense ratio of 0.60%.

• Its fund allocates 75.11% of its assets in equities, including 35.05% in large-cap stocks, 13.43% in mid-cap stocks and 14.56% in small-cap stocks. Additionally, it assigns 19.48% of its investment to debts, including 7.88% in government securities and 11.59% in low-risk securities.

• The company’s holdings include Mahindra & Mahindra Limited, ICICI Bank, Infosys Limited, Bharti Airtel Limited, REC Limited, Tata Motors Limited, Voltas Limited, Bajaj Auto Limited and more.

Factors to Consider Before Investing in the Best Performing Mutual Funds in India as of Last 5 Years

Here are the factors you should think about before investing in the top-performing mutual funds in the last 5 years:

• Track Record

Look at how well the fund has performed in providing higher returns compared to its benchmark and similar funds. Analyse its performance over different market cycles, especially during downturns. A top-performing fund should hold up well even when markets are down. However, remember that past performance does not guarantee future returns.

• Investment Objective

Your financial goal determines which mutual fund suits you best. Whether it is saving for a house, education, vacation or retirement, pick a fund that aligns with your goal.

• Time Horizon

Decide how long you want to invest your money. Whether it is short-term or long-term, different funds are suited to different timeframes. For instance, if you plan to invest for more than 5 years, equity funds are an ideal choice.

• AUM Size

A fund's AUM indicates the value of assets it manages, showing how many subscriptions it has. In small-cap equity funds, a large AUM can hinder entering and exiting companies. However, for liquid and short-term debt funds, a larger AUM is beneficial as it reduces vulnerability to large investor redemptions.

• Fund Manager's Performance

A skilled manager can spot good investment opportunities, leading to better returns. Check their track record to see if they have done well in the past.

• Expense Ratio

Keep an eye on how much the fund charges you to manage your investment. Higher fees mean less money in your pocket. Make sure the expense ratio is reasonable compared to the returns.

• Risk Appetite

Decide if you prefer playing it safe or if you are okay with taking some risks with mutual funds. Your risk tolerance helps determine how well you can handle the ups and downs of the market, and it guides your choice of funds to invest in. Remember, the level of risk you are willing to take affects the potential returns.

The Bottom Line

Considering investing in mutual funds can be a savvy and potentially lucrative financial decision. However, it is important to remember that past performance does not guarantee future outcomes.

Hence, having some understanding of the mutual fund scheme you are investing in is advisable. If required, you can seek advice from a financial expert who can guide you in choosing the fund tailored to your financial goals and risk tolerance.