Top 9 Highest Return Mutual Funds in the Last 5 Years

28 February 2023
6 mins read
Top 9 Highest Return Mutual Funds in the Last 5 Years

1. SBI Small Cap Fund Direct-Growth

The SBI small-cap fund has an AUM of INR 9,620.21 cr and an expense ratio of 0.84% as of the 16th of August 2021, with a Net Asset Value (NAV) of INR 102.68. Due to the fund’s exceptionally high risk, the minimum SIP is INR 500. Growth and value investing are both incorporated into the stock picking method. The fund seeks to give investors possibilities for long-term wealth creation by offering a 5-year CAGR of 23.31%.

Check out the SBI Mutual Funds AMC Page

2. Parag Parikh Flexi-Cap Fund Direct-Growth

The Parag Parikh Flexi-cap fund, which has an AUM of INR 13,186.70 cr but a lower expense ratio of 0.89%, is rated as having an extremely high level of risk. The fund has an exit load of 2% if redeemed within 365 days and 1% if redeemed between 366-730 days, with a minimum lump sum investment amount of INR 5000. The fund is appropriate for people wishing to invest for 3–4 years and offers a 5-year CAGR of 21.51%. It seeks to produce long-term capital appreciation by investing primarily in equity and equity-related assets.

3. Mirae Asset Tax Saver Fund Direct-Growth

The Mirae Asset Tax Saver Fund provides a zero exit load, zero expense ratio, and greater returns than the category average. As an open-ended ELSS, the fund has a 3-year lock-in period and permits investments across a range of market capitalizations. Its adaptable strategy delivers a diversified portfolio of reliable, well-established businesses and exhibits strong development potential. The Mirae Asset Tax Saver fund is ideal for those wishing to invest for 3 years because it has a 5-year CAGR of 22.4 percent. The fund works to both reduce taxes and build long-term wealth.

Check out the Mirae Mutual Funds AMC Page

4. Axis Bluechip Fund Direct-Growth

The Axis Bluechip Fund, launched by Axis Mutual Fund, invests in blue-chip equities or stocks of sizable, well-established companies, and it currently has an AUM of INR 29,160.6 crore. Although they are classified high risk and have sufficient liquidity and are less volatile than mid-cap or small-cap stocks, the minimum SIP investment is set at INR 500 and the minimum lump sum investment is set at INR 5000. The Axis Bluechip Fund is appropriate for investors looking for long-term capital appreciation and attempts to achieve long-term capital growth through investments in a varied portfolio. The fund’s CAGR over five years is 18.50%.

5. Canara Robeco BlueChip Equity Fund Direct-Growth

Since its introduction in 2013, Canara Robeco Mutual Fund has offered an equity mutual fund strategy that aims to promote capital appreciation by principally investing in businesses with high market capitalizations. The fund has an extremely high risk rating with a current Asset Under Management (AUM) of INR 3,691.25 Cr. The minimum SIP (Systematic Investment Plan) is set at 1000. If the fund is redeemed before one year, the returns are taxed at 15%; otherwise, consumers must pay 10% in addition to an LTCG tax on returns of INR 1 lakh or more in a financial year. The fund offers a CAGR of 18.08% over five years.

6. Nippon India Small-Cap Fund

The Nippon India Small-cap Fund, which aims to concentrate on small-cap firms across sectors, is extremely high risk with a minimum SIP contribution set at INR 100 and a maximum lump sum investment of INR 5000 with an exit load of 1% if redeemed within a month. The fund, which became available to investors in 2013, is appropriate for people who have a higher risk tolerance and expect better returns, albeit investors must be prepared for a small amount of loss due to the risk factor. The portfolio delivers a 23.61% CAGR over five years.

Check out the Nippon Life India Mutual Funds AMC Page

7. Axis Mid-Cap Direct-Plan-Growth

The businesses selected for this fund’s portfolio, which has an AUM of INR 13,834.27 cr, have strong growth potential in order to support the investing objective of rapid wealth generation. The Axis Midcap Fund is appropriate for investors seeking significant returns over a three- to four-year investment horizon despite its relatively high risk. Investors must be ready for the chance of modest losses in their investments, though, as this is a high-risk fund. The investment is perfect for long-term objectives like education, retirement, etc. because it offers a 5-year CAGR of 21.13%.

8. PGIM India Mid-Cap Opportunities Fund

The AUM of the PGIM India Midcap Opportunities fund is INR 2383.38 cr, with an expense ratio of 0.37% and a minimum SIP amount of INR 1000. While the minimum lump sum payment is INR 5000, 0.5% will be charged for redemptions made within 90 days for units that represent more than 10% of the investment. The PGIM India Midcap Opportunities Fund, which has a 5-year CAGR of 21.23%, is categorised as having a very high risk and is best suited for investors who want to invest for at least three to four years and are seeking significant returns.

9. Aditya Birla Sun Life Digital India Fund

It is an equity-sectoral fund that debuted on January 15th, 2000. It is a high-risk investment vehicle that has generated a CAGR/annualized return of 11.4% since its inception. 2021’s return was 70.5%, 2022’s was -21.6%, and 2020’s was 59%. A multi-sector open-ended growth strategy that focuses on investing in technology and technology dependant companies, hardware, peripherals, and components, software, telecom, media, internet, and e-commerce, as well as other technology enabled businesses, with the goal of long-term capital growth. Income generation and dividend distribution are the secondary goals.

Check out the Aditya Birla Sunlife Mutual Funds AMC Page

List of Best Performing Mutual Funds in Last 5 Years

Name 5 year return (%) Avg Return (%) Expense Ratio (%) AUM (Crs) Exit Load (%) Doubled
Mirae Asset Tax Saver Fund Direct-Growth 25.48 18.39 0.54 ₹14,020.27 0 Every 3 years
Axis Bluechip Fund Direct-Growth 12.21 14.19 0.59 ₹ 33,584 1 1.0 Every 6 years
Canara Robeco BlueChip Equity Fund Direct-Growth 24.91 14.02 0.42 ₹ 8,642  1.0 Every 3 years
Aditya Birla Sun Life Digital India Fund 18.36 21.69 0.88 ₹ 3,334  1.0 Every 3 years
SBI Small Cap Fund Direct-Growth 14.62 13.97 0.7 ₹ 15,292 1.0 Every 3 years
Parag Parikh Flexi-Cap Fund Direct-Growth 16.48 11.78 0.76 ₹ 29,345  2.0 Every 3 years
Nippon India Small-Cap Fund 15.78 13.73 0.86 ₹ 23,756 1.0 Every 3 years
Axis Mid-Cap Direct-Plan-Growth 15.91 12.81 0.53 ₹ 18,756 1.0 Every 3 years
PGIM India Mid-Cap Opportunities Fund 18.33 12.81 0.5 ₹ 7,617 0.5 Every 3 years

Also read: Difference Between ELSS and PPF


The top mutual funds over the previous five years are listed here. To sum up, investors looking to gain exposure to the securities or commodity markets should start with mutual funds. Returns should not, however, be the only factor taken into account before choosing a category or subcategory. The asset classes of equity, debt, and gold each have a specific purpose. The pursuit of returns might or might not result in an investment that does not match your needs.