Best Performing Equity Mutual Funds For April 2026 Based on 5-Yr CAGR: SBI PSU Fund, Aditya Birla SL PSU Fund and More

Equity mutual funds remain one of the most popular investment choices for long-term wealth creation. Over time, market cycles test fund managers’ ability to deliver consistent returns. Looking at CAGR across different periods helps investors understand which funds have performed strongly in the short, medium, and long term. Below are the top-performing equity mutual funds for April 2026, based on 5-year, 3-year, and 10-year CAGR.

Best Performing Equity Mutual Funds Based on 5-Year CAGR

Note: The list of top-performing equity mutual funds is sorted based on 5-Year CAGR.

Overview of Best Performing Equity Mutual Funds

1. SBI Mutual Fund PSU Fund

The SBI Mutual Fund PSU Fund is a thematic equity scheme that invests primarily in companies with strong government ownership. The fund aims to generate long-term capital growth by allocating at least 80% of its portfolio to Public Sector Undertakings (PSUs). By early 2026, the fund had built a sizeable asset base of over ₹6,500 crore and had consistently ranked among the top performers in its category due to strong returns.

Key Metrics 

• NAV: Approx. ₹33.68 – ₹37.48 (varies by plan)
• Expense Ratio: Roughly 0.8% – 1.8% (lower for direct plans)
• Exit Load: 0.50% if units are redeemed within 30 days

2. Aditya Birla Sun Life Mutual Fund PSU Equity Fund

The Aditya Birla Sun Life Mutual Fund PSU Equity Fund is an open-ended thematic equity scheme focused on Public Sector Undertakings (PSUs). The fund aims to generate long-term capital appreciation by investing in equities and equity-related instruments of PSU companies. However, like all equity investments, returns are not guaranteed and the investment objective may not always be achieved.

Key Metrics

• Latest NAV: ₹34.12 (as of April 7, 2026)
• AUM: ₹6,085.65 crore (as of Feb 28, 2026)
• Exit Load: 1% on redemption

3. Invesco Mutual Fund India PSU Equity Fund

The Invesco Mutual Fund India PSU Equity Fund is a thematic scheme that mainly invests in Indian public sector undertakings (PSUs) with the goal of long-term capital growth. The fund has delivered strong recent returns, but its focused PSU exposure makes it relatively volatile and suitable for investors with high risk tolerance. It typically keeps about 98% of its portfolio in equities, with major exposure to banking, defence, and power companies.

Key Metrics

• AUM: Around ₹1,510 crore (Apr 2026)
• Expense Ratio: Approx. 2.12% – 2.14%
• Exit Load: 1% if redeemed within 1 year (for units above 10% of investment)

Best Performing Equity Mutual Funds Based on 3-Year CAGR

Note: The list of top-performing equity mutual funds is sorted based on 3-Year CAGR.

Best Performing Equity Mutual Funds Based on 10-Year CAGR

Note: The list of top-performing equity mutual funds is sorted based on 10-Year CAGR.

Read More: Best Semiconductor Mutual Funds for April 2026: Franklin India Technology Fund and More Based on 3-Year CAGR!

Conclusion

Performance across multiple timeframes highlights how different sectors and strategies shine during various market cycles. While thematic and sectoral funds have led recent returns, long-term leaders show the power of staying invested over time. Investors should align fund choices with risk tolerance, diversification needs, and long-term goals before investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.