5 Mutual Fund Schemes with 10-Year Returns between 920% to 1,250% (2024)

If you are long term investor, you would have invested in variety of equity mutual funds containing largecap, flexicap, midcap and smallcap funds. Mutual Funds perform well in the medium to long term as they see various market cycles. If you are wondering which are the top mutual funds that generated highest returns in the last 10 years, this article might help you. In this article, we would provide 5 mutual fund schemes that yielded returns between 920% and 1,250% in the last 10-Years from 10-Feb-2014 to 9-Feb-2024.

Also Read: 5 Mutual Funds with 1 Year Return of 66% to 90%

5 Mutual Fund Schemes with 10-Year Returns Between 920% to 1,250%

Here is the list of 5 Top Performing Mutual Funds in the last 10-Years that generated over 920% returns.

#1 – Nippon India Small Cap Fund – 10-Year Returns: 1,250%

#2 – SBI Small Cap Fund – 10-Year Returns: 1,140%

#3 – Quant ELSS Tax Saver Fund – 10-Year Returns: 1,050%

#4 – Quant Flexi Cap Fund – 10-Year Returns: 943%

#5 – Axis Small Cap Fund – 10-Year Returns: 920%

Note: ETFs are excluded when filtering these funds. We also ignored funds that got merged which might not have relevance in terms of historical returns.

What is Beta and Alpha in mutual funds?

We have given beta and alpha metrics in the article, hence providing detailed definition for investors to understand them. You can skip this section if you are already aware of them.

Beta – It is a measure of fund’s sensitivity to the market movement. Beta of less than 1 indicate that fund would have lower swing compared to ups and downs of the benchmark. Beta of more than 1 indicate that fund would have wider swings compared to benchmark. Investors should prefer lower beta funds which can have lesser swings compared to benchmark.

Alpha – It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns. One should use Alpha and Beta together which goes hand in hand when comparing between risk and returns.

5 Mutual Fund Schemes with 10-Year Returns Over 920% – Investment Objective and Performance Details

Let’s get into more information about these funds.

#1 – Nippon India Small Cap Fund – 10-Year Returns: 1,250%

Investment Objective:

The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies.

Performance Details

Absolute Returns of the fund

• 1-Year Return: 57%
• 2-Year Return: 69%
• 3-Year Return: 170%
• 5-Year Return: 300%
• 10-Year Return: 1,250% (1 Lac would have turned to 13.5 Lacs)

Annualised Returns of the fund

• 1-Year Return: 57%
• 2-Year Annualised Return: 30%
• 3-Year Annualised Return: 39%
• 10-Year Annualised Return: 32%
• 10-Year Annualised Return: 29%

Our View:

Like I indicated in our earlier articles, smallcap funds invests in smallcap companies and are high risk. Such funds are rewarded with high returns too. This fund has a beta of 0.83 and alpha of 10.4. This fund has been consistent performer that generated 22.9% annualised returns since inception. We have re-iterated even in our earlier article “5 Mutual Funds with 3 Year Returns between 160% to 215%” too. I am personally investing even in this smallcap fund. High risk investors can make such funds as part of their mutual fund portfolios for medium to long term perspective. Moderate or low risk investors can avoid such funds.

#2 – SBI Small Cap Fund – 3-Year Returns: 1,140%

Investment Objective:

The scheme seeks to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of small cap companies.

Performance Details

Absolute Returns of the fund

• 1-Year Return: 35%
• 2-Year Return: 44%
• 3-Year Return: 102%
• 5-Year Return: 232%
• 10-Year Return: 1,140% (1 Lac would have turned to 12.4 Lacs)

Annualised Returns of the fund

• 1-Year Return: 35%
• 2-Year Annualised Return: 20%
• 3-Year Annualised Return: 26%
• 10-Year Annualised Return: 27%
• 10-Year Annualised Return: 28.6%

Our View:

Even this Smallcap funds invests in smallcap companies which are considered as high risk. However such funds are rewarded with high returns too. This fund has a beta of 0.64 and alpha of 4.3. This fund has been consistent performer that generated 26% annualised returns since inception.

High risk investors can invest in such funds and others should avoid them.

#3 – Quant ELSS Tax Saver Fund – 10-Year Returns: 1,050%

Investment Objective:

The investment objective of the Scheme is to generate Capital Appreciation by investing predominantly in a well diversified portfolio of Equity Shares with growth potential. This income may be complemented by possible dividend and other income.

Performance Details

Absolute Returns of the Fund

• 1-Year Return: 56%
• 2-Year Return: 58%
• 3-Year Return: 147%
• 5-Year Return: 333%
• 10-Year Return: 1,050% (1 Lac would have turned to 11.5 Lacs)

Annualised Returns of the fund

• 1-Year Return: 56%
• 2-Year Annualised Return: 25%
• 3-Year Annualised Return: 35%
• 10-Year Annualised Return: 34%
• 10-Year Annualised Return: 28%

Our View:

This ELSS tax saver mutual fund fund provides tax benefit u/s 80c up to Rs 1.5 Lacs in a financial year. This fund has outperformed and generated 22.9% returns since inception. We have re-iterated this in our earlier article “5 Mutual Funds with 5 Year Return of 260% to 380%” too. This fund has a beta of 1.03 and alpha of 12.4. If you are looking for tax savings u/s 80c, you can consider such tax saving funds through SIP route.

#4 – Quant Flexi Cap Fund – 10-Year Returns: 943%

Investment Objective:

The primary investment objective of the scheme is to seek to generate consistent to generate consistent returns by investing in a portfolio of Large Cap, Mid Cap and Small Cap companies.

Performance Details

Absolute Returns of the fund

• 1-Year Return: 59%
• 2-Year Return: 63%
• 3-Year Return: 154%
• 5-Year Return: 303%
• 10-Year Return: 943% (1 Lac would have turned to 10.43 Lacs)

Annualised Returns of the fund

• 1-Year Return: 59%
• 2-Year Annualised Return: 27%
• 3-Year Annualised Return: 36%
• 10-Year Annualised Return: 32%
• 10-Year Annualised Return: 26%

Our View:

This fund invests in largecap, midcap and smallcap stocks. While largecap stocks provide stability to the portfolio, midcap and smallcap stocks can provide high returns. Since this fund invests in midcap and smallcap, it is high risk in investing in such funds. This fund has a beta of 1.05 and alpha of 12.2. This fund has been consistent performer that generated 21.4% annualised returns since inception.

High risk investors can make such funds as part of their portfolio for medium to long term. This is not for short term investors.

#5 – Axis Small Cap Fund – 10-Year Returns: 920%

Investment Objective:

To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

Performance Details

Absolute Returns of the fund

• 1-Year Return: 40%
• 2-Year Return: 48%
• 3-Year Return: 120%
• 5-Year Return: 269%
• 10-Year Return: 920% (1 Lac would have turned to 10.2 Lacs)

Annualised Returns of the fund

• 1-Year Return: 40%
• 2-Year Annualised Return: 22%
• 3-Year Annualised Return: 30%
• 10-Year Annualised Return: 30%
• 10-Year Annualised Return: 26%

Our View:

Like I indicated earlier, smallcap fund invests in smallcap companies and are high risk. Such funds are rewarded with high returns too. This fund has a beta of 0.63 and alpha of 8.

This fund has been consistent performer till 1.5 years back where Axis Mutual Fund Scam broke out as some of its fund managers where involved in front running.

Front running means a broker or fund manager has exclusive information about the stocks being purchased or sold in huge quantities and use such information for personal benefits. This front running is illegal in India.

Last year, we wrote article about Axis Mutual Funds were worst performing mutual funds too.

Looks things got stabilized now. High risk investors can invest in such funds. In case you still have any doubts, you can invest in other outperforming small cap funds.

Conclusion: In summary, the mutual fund schemes highlighted in this article have outstanding performance over the past ten years. While some argue this is due to recent bull run which is correct. However, small cap funds or midcap funds are highly volatile and hence high risk. Investors should carefully assess their risk tolerance, investment goals, and time horizon before considering any of these funds.