30%+ returns for three years: Know these top mutual fund performers

Kolkata: More and more middle-class citizens of the country are entrusting more and more of their household savings into equity mutual fund schemes, only in the hope of earning inflation-beating returns. Considering the returns some of them have generated, the trust is not misplaced. Bandhan Small Cap Fund has outperformed all others and has offered returns of 30.17% CAGR over the past three years and 27.88% CAGR over the past five years. Some of the other top performing funds are HDFC Mid Cap Fund, Edelweiss Mid Cap Fund, Invesco India Midcap Fund, Motilal Oswal Large & Midcap Fund, Motilal Oswal Midcap Fund and Nippon India Growth Mid Cap Fund. They have delivered returns in excess of 30% for the past three years.

They have been found to be top performers in a study of 205 funds with a minimum five-year track record. Significantly, the names feature five mid-cap funds, one small-cap fund and one large and mid-cap fund. Here we take a look at these funds.

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Bandhan Small Cap Fund: 30.17% (3-year CAGR); 27.88% (5 year CAGR)

Edelweiss Mid Cap Fund: 25.15% (3-year CAGR); 26.33% (5 year CAGR)

HDFC Mid Cap Fund: 25.90% (3-year CAGR); 26.94% (5 year CAGR)

Invesco India Midcap Fund: 27.67% (3-year CAGR); 25.93% (5 year CAGR)

Motilal Oswal Large & Midcap Fund: 25.75% (3-year CAGR); 25.11% (5 year CAGR)

Motilal Oswal Midcap Fund: 26.27% (3-year CAGR); 29.78% (5 year CAGR)

Nippon India Growth Mid Cap Fund: 25.04% (3-year CAGR); 26.46% (5 year CAGR)

Among all the above-mentioned funds, HDFC Mid Cap Fund is the biggest fund by assets under management. All these funds have generated a CAGR higher than 25% over the past five years, which is very high.

Another significant factor is that this list contains the MF scheme with the highest NAV in the country. This is Nippon India Growth Mid Cap Fund. It has also delivered a CAGR of over 25% over both the past three-year and five-year period. The most important point to remember is that past performance might not be repeated in the future and it is always prudent to check with a qualified personal finance analyst than to invest in a fund based on its past performance.