These schemes were of eight different categories. Around 19 small cap funds The list included 11 mid-cap funds, three each of multi-cap and value funds, two flexible-cap funds, one each of matching, ELSS and large-cap funds. mid-cap funds on the list.
The first two companies on the list belonged to the small-cap category. Quantitative small cap fund and Nippon India Small Cap Fund returned 44.25% and 35.33% respectively over the past three years based on rolling daily returns.
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Quant ELSS Tax Saver Fund and Canara Robeco Small Cap Fund returned 34.62% each during the mentioned period, based on cumulative daily returns. Bank of India Small Cap Fund posted a return of 34.54% during the same period.
The next two schemes on the list were Quant Mid Cap Fund and Quant Flexi Cap Fund, which offered a return of 33.56 per cent and 33.42 per cent respectively in the last three-year period based on daily returns. Tata Small Cap Fund and Kotak Small Cap Fund offered a return of 31.99 per cent and 31.95 per cent respectively on the same parameters.
OSE Contra Fund, the largest and oldest contra fund, generated a CAGR of 30.54% over the past three years based on rolling daily returns. HDFC Small Cap Fund recorded a CAGR of 29.02% based on the rolling daily performance of the past three years.
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Sundaram Small Cap Fund has delivered a compound annual growth rate (CAGR) of 27.58% over the past three years based on cumulative daily returns. HDFC Mid-Cap Opportunities Fund, the largest mid-cap fund based on assets under management, has delivered a CAGR of 26.64% over the same period.
The Kotak Emerging Equity Fund, the second-largest midcap fund in terms of assets under management, returned 26.06 per cent in the same period. The Quant Large & Mid Cap Fund returned 25.80 per cent over the past three years in terms of daily returns. ICICI Pru The Value Discovery Fund offered a return of 25.32% in this period.
Note that no large-cap focused fund delivered a CAGR greater than 25% over the past three years based on rolling daily performance.
The other schemes offered returns ranging from 10.80% to 24.60% over the past three years based on rolling daily returns.
We consider all equity mutual funds. We consider both regular and growth options. We calculate returns between September 11, 2021, and September 11, 2024, based on cumulative daily returns.
Please note that the above exercise does not constitute a recommendation. The exercise was conducted to find which equity mutual funds offered a compound annual growth rate (CAGR) of more than 25% over the past three years based on cumulative daily returns. No investment or redemption decisions should be taken based on the above exercise.
Risk appetite, investment horizon and objective should be considered before making any investment decision.
(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of The Economic Times.
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