Approximately 30% of equity mutual funds have achieved a compound annual growth rate (CAGR) of over 20% in the last three and five-year periods. Among the 197 schemes that have been in existence for five years, Bandhan Core Equity Fund reported a CAGR of 22.74% over three years and 20.06% over five years. Similarly, Edelweiss Mid Cap Fund and Franklin India Smaller Companies Fund both delivered more than 20% CAGR in these durations.
Six schemes from HDFC Mutual Fund featured prominently, with the HDFC ELSS Tax Saver offering a CAGR of 20.66% and 20.31% over three and five years, respectively. The HDFC Mid-Cap Opportunities Fund recorded a 26% and 24.19% CAGR over the same periods.
ICICI Prudential Large & Mid Cap Fund and ICICI Prudential Value Discovery Fund each provided a CAGR exceeding 20% in both time frames. Mahindra Manulife Mid Cap Fund achieved a 22.60% and 22.66% CAGR over the last three and five years. Nippon India Mutual Fund had four contributing funds, notably including the Nippon India Small Cap Fund, which also surpassed the 20% CAGR threshold.
Quant Mutual Fund contributed three schemes—Quant Large & Mid Cap Fund, Quant Mid Cap Fund, and Quant Small Cap Fund—all delivering more than 20% CAGR. SBI Contra Fund, notable for being the largest and oldest contra fund, achieved a CAGR of 22.98% and 27.55% over three and five years, respectively. SBI Long Term Equity Fund, recognized as the oldest equity-linked savings scheme, also exceeded a 20% CAGR in these periods.
UTI Large & Mid Cap Fund reported a CAGR of 20.86% over three years and 21.24% over five years. The analysis included all equity mutual funds, considering regular and growth options, and calculated trailing returns for the respective durations.
It should be noted that this summary does not serve as investment advice or recommendations. The study aimed to identify equity mutual funds with over 20% CAGR during the specified periods, and any investment or redemption decisions should be personalized, reflecting individual risk tolerance, investment timelines, and objectives.