These 16 schemes were from mid cap, small cap, multi cap, flexi cap, and large & mid cap categories. Around six small caps and mid cap funds, two large & mid caps, and one flexi and multi cap scheme offered more than 15% CAGR based on daily rolling return in all four horizons.
Note, no schemes from the large cap, focused fund, ELSS, value & contra fund categories offered more than 15% CAGR based on daily rolling return in three, five, seven, and 10-year horizons.
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Axis Midcap Fund delivered over 15% CAGR based on daily rolling returns in three, five, seven, and 10-year horizons. Axis Small Cap Fund and HDFC Small Cap Fund offered more than 15% CAGR based on the same parameters in all four horizons.
Kotak Emerging Equity Fund, the second largest mid cap fund based on assets managed, posted more than 15% return based on daily rolling return in all four horizons. Kotak Small Cap Fund gave 31.68%, 17.49%, 17.68%, and 16.48% in three, five, seven, and 10-year horizons respectively based on daily rolling returns.Nippon India Growth Fund and Nippon India Small Cap Fund offered over 15% return across all four horizons based on the same parameters. Parag Parikh Flexi Cap Fund also featured in the list of schemes that gave over 15% return based on daily rolling return in three, five, seven, and 10-year horizons.Quant Active Fund and Quant Large & Mid Cap Fund gave more than 15% CAGR in all four horizons based on daily rolling returns.
In three and 10-year horizons based on daily rolling returns, Nippon India Small Cap Fund gave the highest return of around 35.46% and 24.31% respectively. Quant Active Fund gave the highest return of 20.14% based on daily rolling returns in five years. In seven years, the SBI Small Cap Fund gave the highest return of 22.72% based on daily rolling returns.
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Among these 16 schemes, two schemes each from Axis Mutual Fund, Kotak Mutual Fund, Nippon India Mutual Fund, and Quant Mutual Fund featured on the list.
We considered all equity categories such as large cap, small cap, mid cap, large & mid cap, flexi cap, focused fund, multi cap, ELSS, value, and contra fund categories. We considered daily rolling returns. We considered only regular and growth options.
Note, that the above exercise is not a recommendation. The exercise was done to find out how many equity schemes have offered more than 15% in three, five, seven, and 10-year horizons. Note, that we have included only those schemes that have offered more than 15% in all four horizons.
One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decisions. Past performance does not guarantee future returns.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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