Discover the Mutual Fund with the Highest Return in the Last 5 Years in India

Mutual funds are the best investment options for retail investors who do not want to put their money in individual stocks. They are also suitable for investors who cannot follow the market carefully. Aspiring investors may invest in different types of mutual funds, including equity, gold, and debt, which have different subcategories. The best thing about mutual funds is that they diversify the investor’s portfolio and give them access to professional management. 

Most people who follow the stock market know that high-risk securities deliver high mutual funds returns while low-risk mutual funds have lower returns. Here, we have listed the top mutual funds with the highest returns in the last five years in India.

Axis Bluechip Fund Direct-Growth

Axis Mutual Fund launched this equity mutual fund scheme to generate long-term growth with diverse portfolio investments. It predominantly invests money in equity and related instruments of large-cap companies. 

  • Minimum Lump Sum Investment: ₹ 5,000
  • Minimum SIP Investment: ₹ 500
  • AUM: ₹ 29,160.6 crore
  • CAGR over five years: 18.50%

Canara Robeco BlueChip Equity Fund Direct-Growth

Canara Robeco Mutual Fund launched this equity mutual fund scheme delivering the best mutual fund returns in the last five years. The fund provides capital appreciation by mainly investing in large-cap companies. Its strategy is to invest in the top 150 stocks only based on their market capitalisation.

  • Minimum SIP Investment: ₹ 1,000
  • AUM: ₹ 3,691.25 crore
  • CAGR over five years: 18.08%

Read Also: ETF Funds – Types, Benefits & Features of ETF Funds Investments

PGIM India Mid-Cap Opportunities Fund Direct-Growth

PGIM India Mutual Fund launched this equity mutual fund scheme to achieve long-term capital appreciation with investments in equity and related instruments of mid-cap companies. However, it is a high-risk mutual fund best suited for investors who seek significant returns and can invest their money for at least 3-4 years.

  • Minimum Lump Sum Investment: ₹ 5,000
  • Minimum SIP Investment: ₹ 1,000
  • AUM: ₹ 2383.38 crore
  • CAGR over five years: 21.23%

Axis Mid-Cap Direct-Plan-Growth

Axis Mutual Fund launched this scheme to achieve long-term capital appreciation with investments in equity and related instruments of mid-cap companies. It selects businesses with high growth potential, supporting the fund’s objective of generating rapid wealth. It is an appropriate investment plan for long-term goals like retirement, education, etc.

  • Minimum Lump Sum Investment: ₹ 5,000
  • Minimum SIP Investment: ₹ 500
  • AUM: ₹ 13,834.27crore
  • CAGR over five years: 21.23%

Nippon India Small Cap Fund Growth

Nippon India Mutual Fund launched this small-cap equity mutual fund scheme to generate long-term capital appreciation with investments mainly in equity and related instruments of small-cap companies. Launched in 2013, it is appropriate for investors with a high-risk appetite and desires higher mutual fund returns. With a low minimum investment of ₹ 100, it is the best SIP to invest in 2023.

  • Minimum Lump Sum Investment: ₹ 5,000
  • Minimum SIP Investment: ₹ 100
  • AUM: ₹ 34468.92 crore
  • CAGR over five years: 23.61%

Mirae Asset Tax Saver Fund Direct-Growth

Mirae Asset Mutual Fund launched this equity mutual fund scheme to generate long-term capital appreciation from diverse investments in equity and related instruments of various market capitalisations. It is an open-ended ELSS with a lock-in period of three years with zero expense ratio, no exit load, and higher returns. It invests money in well-established companies with high growth potential. Apart from building long-term wealth, the fund also helps save tax.

  • Minimum Lump Sum Investment: ₹ 500
  • Minimum SIP Investment: ₹ 500
  • AUM: ₹ 1,02,128 crore
  • CAGR over five years: 22.4%

PGIM India Mid-Cap Opportunities Fund

PGIM India Mutual Fund launched this mid-cap equity mutual fund scheme to generate capital appreciation and income by investing in an actively managed equity and related instruments of mid-cap companies. It is most suitable for investors seeking significant returns and can invest for 3-4 years.

  • Minimum Lump Sum Investment: ₹ 5,000
  • Minimum SIP Investment: ₹ 1,000
  • AUM: ₹ 2383.38 crore
  • CAGR over five years: 21.23%

Here, we have listed the top mutual funds performing extraordinarily over the last few years. Although performance does not guarantee mutual fund returns in the future, investors looking to invest in commodity markets and securities must start investing with these options at present. Opening a Demat account is the first step to beginning the journey and building wealth over time.

By William mary

James Smith is graduated from London University and she writer blog from more than 5 years. In various topics like education, finance, technology etc. Visit his website at Fastitresult.com

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