7 mutual fund schemes deliver more than 20% SIP returns in 10 years

Seven equity mutual fund schemes have delivered more than 20% returns in 10 years, an ETMutualFund study showed. SBI Small Cap Fund delivered the highest return of 24.27% in 10 years, followed by Nippon India Small Cap Fund which offered 24.02% returns in the same period. Interestingly, both these schemes are also the biggest funds by size in the small cap segment. Because of small cap stocks’ ability to offer big returns in the long term, the toppers in our list are also small cap funds.

Apart from the four small cap funds, the list features one flexi cap fund, one multi cap fund, and one large & mid cap fund. These schemes are offering better returns in a 10-year period than many small cap funds. None of the large cap funds made it to the list.

Here’s how the schemes performed:

Small cap schemes (10-year monthly SIP returns)
Scheme Name
XIRR (%)
SBI Small Cap Fund 24.27
Nippon India Small Cap Fund 24.02
Kotak Small Cap Fund 20.57
DSP Small Cap Fund 20.17

Source: ACE MF, Returns as on 19 October 2022

Multi cap schemes (10-year monthly SIP returns)
Scheme Name
XIRR (%)
Quant Active Fund 22.13

Source: ACE MF, Returns as on 19 October 2022

Flexi cap schemes (10-year monthly SIP returns)
Scheme Name
XIRR (%)
Quant Flexi Cap Fund 21.35

Source: ACE MF, Returns as on 19 October 2022

Large & mid cap schemes (10-year monthly SIP returns)
Scheme Name
XIRR (%)
Mirae Asset Emerging Bluechip 20.21

Source: ACE MF, Returns as on 19 October 2022

Despite offering over 20% returns over the long-term, some of these schemes are underperforming in the near term. Mirae Asset Emerging Bluechip and Kotak Small Cap Fund are offering negative returns in one-year.

For the study, we looked at equity schemes, including large cap, large & mid cap funds, mid cap funds, contra fund, flexi cap funds, multi cap funds, small cap funds, and value funds. We took those schemes that have generated maximum returns when invested via SIP, for investors in the 10-year horizon.

We filtered out the schemes that have delivered less than 20% returns. We considered XIRR (% returns) while analyzing the performance of schemes via SIP. Regular and growth option schemes were considered for the analysis. The period for 10 years ranges from October 2012 to October 2022.

Note, this is not a recommendation. This exercise just takes into account only the CAGR returns of the scheme. You need to include other factors while choosing a scheme to invest in. For our recommendations, please see:
Best small cap funds
Best flexi cap funds
Best large & mid cap funds

Leave a Reply

Your email address will not be published.