When selecting mutual funds, historical performance over long durations provides insight into a scheme’s consistency and its ability to deliver wealth creation. Here is a look at the top 5 mutual funds that delivered the highest returns in the last 10 years, as per their 10-year CAGR data.
| Funds | AUM (in ₹ cr) | Expense Ratio (%) | Inception Date | Benchmark Index | NAV in ₹ | Return (%) 10 yrs |
| Nippon India Small Cap Fund | 58,028.6 | 1.44 | 16-Sep-10 | Nifty Smallcap 250 - TRI | 165.84 | 21.3 |
| Quant ELSS Tax Saver Fund | 10,873.1 | 1.65 | 13-Apr-00 | NIFTY 500 - TRI | 356.22 | 19.66 |
| Quant Small Cap Fund | 26,221.5 | 1.6 | 16-Oct-96 | Nifty Smallcap 250 - TRI | 251.55 | 19.48 |
| SBI Small Cap Fund | 31,790.3 | 1.58 | 09-Sep-09 | BSE 250 Small Cap - TRI | 168.84 | 18.97 |
| HSBC Small Cap Fund | 14,737 | 1.69 | 12-May-14 | Nifty Smallcap 250 - TRI | 80.42 | 18.73 |
| Quant Flexi Cap Fund | 7,016.4 | 1.78 | 23-Sep-08 | NIFTY 500 - TRI | 96.27 | 18.66 |
Note: The AUM data given in the table above is as of April 30, 2025.
Read More: Top 5 Performing Funds in the Last 5 Years; Turns ₹5 Lakh into ₹29.47 Lakh with Over 42% CAGR Return.
Category: Equity Small Cap
AUM: ₹58,028.6 crore (as on Apr 30, 25)
NAV: ₹165.84 (as on May 30, 25)
Investment Objective:
Nippon India Small Cap Fund aims to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies. It also seeks consistent returns through debt and money market instruments.
Category: Equity ELSS
AUM: ₹10,873.1 crore (as on Apr 30, 25)
NAV: ₹356.22 (as on June 2, 25)
Investment Objective:
Quant ELSS Tax Saver Fund goal is capital appreciation through a well-diversified portfolio of equity shares with growth potential. This may be complemented by dividend income. The fund has a 3-year lock-in period under the ELSS category.
Category: Equity Small Cap
AUM: ₹26,221.5 crore (as on Apr 30, 25)
NAV: ₹251.55 (as on June 2, 25)
Investment Objective:
Quant Small Cap Fund seeks capital appreciation and long term growth by investing in a portfolio of small cap companies. There is no assurance that the objective will be realised.
Category: Equity Small Cap
AUM: ₹31,790.2 crore (as on Apr 30, 25)
NAV: ₹168.84 (as on June 2, 25)
Investment Objective:
SBI Small Cap Fund aims to provide long-term capital growth by investing in a well-diversified basket of equity stocks of small-cap companies while maintaining the liquidity of an open-ended fund.
Category: Equity Small Cap
AUM: ₹14,737 crore (as on Apr 30, 25)
NAV: ₹80.42 (as on June 2, 25)
Investment Objective:
HSBC Small Cap Fund targets long-term capital appreciation by investing in a diversified equity portfolio with a focus on emerging companies. It may also invest in foreign securities. Emerging companies are defined as those in early stages with high growth potential.
These mutual funds have delivered strong double-digit returns over the past decade, reflecting the long-term potential of small-cap and ELSS-oriented strategies. However, past performance is not indicative of future results.
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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/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.
Published on: Jun 3, 2025, 2:25 PM IST
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