Consistent funds: 14 schemes offer more than 20% in 3, 5, 7 and 10 year horizons

Mutual fund investors, especially experienced investors, always look for schemes that have consistently performed over a long period. That is why ETMutualFunds regularly tries to identify those that have consistently performed. We analysed the cumulative returns of 150 equity schemes that have been in the market for 10 years and found that 14 equity schemes have delivered more than 20% over three, five, seven and ten year horizons.

These 14 schemes belonged to the midcap, smallcap, multicap, ELSS and flexcap categories. Around seven smallcap, four midcap and one multicap, flexcap and ELSS schemes offered more than 20% across all four horizons. No scheme from the largecap, largecap, midcap, focused funds, value funds and contra funds categories offered more than 20% across three, five, seven and ten year horizons.

The Axis Small Cap Fund generated returns of over 20% over all four horizons. The scheme delivered returns of 23.90%, 29.58%, 22.64% and 20.65% over three, five, seven and ten year horizons respectively.


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Kotak Emerging Equity Fund, the second-largest midcap fund in terms of assets under management, delivered returns of over 20% across all four horizons. Nippon India Small Cap Fundthe largest small-cap fund based on assets under management, returned 20% in the said periods. The above-mentioned list included five quantitative mutual fund schemes. The five schemes were: Active Quantitative FundThe Quant ELSS Tax Saver Fund, Quant Flexi Cap Fund, Quant Mid Cap Fund and Quant Small Cap Fund delivered returns of over 20% across all four horizons.SBI Small Cap Fund Over a three-year horizon, Motilal Oswal Midcap Fund gave the highest return of around 38.39%. Over a five- and seven-year horizon, Quant Small Cap Fund gave the highest return of 49.28% and 27.56%, respectively. Over a ten-year horizon, Nippon India Small Cap Fund gave the highest return of 24.23%.

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In the list, most of the schemes were from Quant Mutual Fund. Around five schemes were from Quant Mutual Fund. Two schemes were from Kotak Mutual Fund.

We consider all categories of stocks like large cap, small cap, mid cap, large and mid cap, flexible cap, focused funds, multi cap, ELSS, value funds and matched funds. We consider cumulative returns. We only consider regular and growth options.

Please note that the above exercise does not constitute a recommendation. The main objective of the exercise was to find out how many equity schemes have delivered more than 20% over three, five, seven and ten year horizons. Please note that we have included the schemes that have delivered more than 20% over these four horizons of three, five, seven and ten years.

Investment or redemption decisions should not be made based on the previous performance. Risk appetite, investment horizon and objective should always be considered before making any investment decision. Past performance is no guarantee of future returns.

(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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