Best Performing Mutual Funds in India in the Last 5 Years

Mutual funds are considered one of the best investment options, especially to grow their wealth. While investing in mutual funds, you must consider factors such as the track record of the mutual funds, your financial goal, duration of the investment, AUM size of the mutual fund, the fund manager’s performance, expense ratio, and risk tolerance. Considering all these factors will help you figure out the best SIP for 5 years and the best SIP for 3 years and invest accordingly. Keep reading to learn more about the best performing mutual funds in India in the last 5 years.

List of Best Performing Mutual Funds in India as of Last 5 Years (as per 5Y annualized Returns) 

Below is the list of the top performing mutual funds in India as of the last 5 years (as per 5Y annualized returns):

Equity - Best mutual funds for returns

Hybrid - Best mutual funds for returns

Debt - Best mutual funds for returns

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Overview of Best Performing Mutual Funds in India as of Last 5 Years (as per 5Y annualized Returns)

Below is the overview of the top performing mutual funds in India as of the last 5 years (as per 5Y annualized returns):

Quant Small Cap Fund - Direct Plan

As of 30-Sep-2024, the AUM of Quant Small Cap Fund—Direct Plan Fund is ₹26,645 Cr.

As of September 30, 2024, Quant Small Cap Fund—Direct Plan's asset allocation consisted of 86.94% equity, 12.13% Cash and cash equivalents, and 0.94% debt.

The company’s holdings include Reliance India, JIO Financial, Aditya B Fashion, HFCL, Bikaji Foods Intl., and more.

Quant ELSS Tax Saver Direct

As of 30-Sep-2024, the AUM of Quant ELSS Tax Saver Fund - Direct Plan Fund is ₹11,561 Cr.

As of 30-Sep-2024, the asset allocation of Quant ELSS Tax Saver Fund - Direct Plan consists of 91.67% in equity and 8.33% in Cash & Cash Eq.

The company’s holdings include Reliance Ind, Samvardhana Motherson, Adani Power, JIO Financial, Life Insurance, and more.

Motilal Oswal Midcap Direct

As of 30-Sep-2024, the AUM of Motilal Oswal Midcap Fund—Direct Plan Fund is ₹18,604 Cr.

As of 30-Sep-2024, the asset allocation of Motilal Oswal Midcap Fund - Direct Plan consists of 80.98% in equity, 15.13% in debt, and 3.89% in Cash & Cash Eq.

The company’s holdings include Kalyan Jewellers, Polycab India, JIO Financial, Coforge, Persistent Systems, and more.

ICICI Pru Pharma Healthcare and Diagnostic Direct

As of 30-Sep-2024, The AUM of ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan Fund is ₹4,987 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan consists of 95.72% in Equity and 4.28% in Cash & Cash Eq.

The company’s holdings include Sun Pharmaceutical, Dr. Reddy'S Labs, Cipla, Lupin , Gland Pharma

Invesco India Infrastructure Direct

As of 30-Sep-2024, the AUM of Invesco India Infrastructure Fund - Direct Plan Fund is ₹1,666 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of Invesco India Infrastructure Fund - Direct Plan consists of 98.6% in Equity and 1.4% in Cash & Cash Eq.

The company’s holdings include Larsen & Toubro, Power Grid, Jyoti CNC, NTPC, Tata Power, and more.

Quant Multi Asset Direct

As of 30-Sep-2024, the AUM of Quant Multi Asset Fund - Direct Plan Fund is ₹2,984 Cr.

As of 30-Sep-2024, the asset allocation of Quant Multi Asset Fund - Direct Plan consists of 47.58% in Equity, 28.44% in Cash & Cash Eq., 10.53% in Debt, 9.95% in commodities, and 3.5% in Real Estate 

The company’s holdings include Reserve Bank of India T-Bills 364-D 08/05/2025, Bharat Highways, Reserve Bank of India T-Bills 91-D 03/10/2024, Maharashtra State SDL 7.23 04/09/2035, Small Industries Devp. Bank of India Ltd CD 07/02/2025 and more.

Bank of India Mid & Small Cap Eqt & Debt Direct

As of 30-Sep-2024, the AUM of Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan Fund is ₹1,000 Cr.

As of 30-Sep-2024, the asset allocation of Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan consists of 72.8% in Equity, 24.26% in Debt and 2.94% in Cash & Cash Eq.

The company’s holdings include Indian Railway Finance Corporation Ltd SR 175 NCD 7.57 18/04/2029, National Bank For Agriculture & Rural Development SR 25B Bonds 7.64 06/12/2029, Small Industries Devp. Bank of India Ltd SR II Bonds/NCD 7.47 05/09/2029, National Bank For Agriculture & Rural Development SR F24 Debenture 7.68 30/04/2029, Power Finance Corporation Ltd SR BS215 Debenture 7.13 08/08/2025 and more.

JM Aggressive Hybrid Direct

As of 30-Sep-2024, The AUM of JM Aggressive Hybrid Fund - Direct Plan Fund is ₹643 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of JM Aggressive Hybrid Fund - Direct Plan consists of 71.92% in Equity, 18.53% in Debt and 9.57% in Cash & Cash Eq. 

The company’s holdings include GOI Sec 7.10 08/04/2034, GOI Sec 7.18 24/07/2037, GOI Sec 7.23 15/04/2039, Small Industries Devp. Bank of India Ltd SR VIII Debenture 7.68 09/07/2027, Bajaj Housing Finance Ltd NCD 7.9237 16/03/2026, and more.

Quant Absolute Direct

As of 30-Sep-2024, The AUM of Quant Absolute Fund - Direct Plan Fund is ₹2,352 Cr as of 30-Sep-2024.

As of 30-Sep-2024, the asset allocation of Quant Absolute Fund - Direct Plan consists of 75.82% in Equity, 20.41% in Debt, and 3.77% in Cash & Cash Eq.

The company’s holdings include Reserve Bank of India T-Bills 364-D 26/12/2024, National Bank For Agriculture & Rural Development CD 07/02/2025, Small Industries Devp. Bank of India Ltd CD 07/02/2025, Maharashtra State SDL 7.23 04/09/2035, Reserve Bank of India T-Bills 364-D 08/05/2025, and more.

ICICI Pru Equity & Debt Direct

As of 30-Sep-2024, The AUM of ICICI Prudential Equity & Debt Fund - Direct Plan Fund is ₹41,396 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of ICICI Prudential Equity & Debt Fund - Direct Plan consists of 66.21% in Equity, 21.25% in Debt, 10.57% in Cash & Cash Eq. and 1.96% in Real Estate

The company’s holdings include GOI GOI FRB 22/09/2033, GOI Sec 4.45 30/10/2034, GOI Sec 7.18 14/08/2033, Embassy Office, Punjab National Bank CD 20/02/2025 and more.

ABSL Medium Term Direct

As of 30-Sep-2024, The AUM of Aditya Birla Sun Life Medium Term Plan - Direct Plan Fund is ₹1,921 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of Aditya Birla Sun Life Medium Term Plan - Direct Plan consists of 91.56% in Debt, 5.22% in Real Estate, and 3.22% in Cash & Cash Eq.

The company’s holdings include GOI Sec 7.18 14/08/2033, GOI Sec 7.26 06/02/2033, GOI Sec 7.18 24/07/2037, Adani Airport Holdings Ltd Debenture 9.35 08/09/2028, Credit Access Grameen Ltd SR I TR II Debenture 9.10 07/09/2025, and more.

Baroda BNP Paribas Credit Risk Direct

As of 30-Sep-2024, The AUM of Baroda BNP Paribas Credit Risk Fund Direct Fund is ₹167 Cr as of 30-Sep-2024.

As of 30-Sep-2024, the asset allocation of Baroda BNP Paribas Credit Risk Fund Direct consists of 96.53% in debt, 2.49% in Cash & Cash Eq., and 0.98% in real estate.

The company’s holdings include JSW Steel Ltd Debenture 8.25 23/12/2027, Steel Authority Of India Ltd SR-XXXVII AX Bonds 9.00 14/10/2024, Indostar Capital Finance Ltd SR VI NCD 9.95 21/03/2025, NUVOCO Vistas Corp Ltd Bonds/NCD 7.75 28/08/2025, GOI Sec 7.18 24/07/2037 and more.

DSP Credit Risk Direct

As of 30-Sep-2024, The AUM of DSP Credit Risk Fund - Direct Plan Fund is ₹191 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of DSP Credit Risk Fund - Direct Plan consists of 95.18% in Debt and 4.82% in Cash & Cash Eq.

The company’s holdings include GOI Sec 7.10 08/04/2034, Nirma Ltd SR VII TR B Debenture 8.40 07/04/2026, JSW Steel Ltd Debenture 8.50 12/10/2027, Aditya Birla Renewables Ltd Bonds/NCD 8.60 24/09/2027, NUVOCO Vistas Corp Ltd Bonds/NCD 7.75 28/08/2025 and more.

ICICI Pru All Seasons Bond Direct

As of 30-Sep-2024, The AUM of ICICI Prudential All Seasons Bond Fund - Direct Plan Fund is ₹12,984 Cr as of 30-Sep-2024

As of 30-Sep-2024, the asset allocation of ICICI Prudential All Seasons Bond Fund - Direct Plan consists of 93.52% in Debt and 6.48% in Cash & Cash Eq.

The company’s holdings include GOI Sec 7.10 08/04/2034, GOI FRB 22/09/2033, GOI Sec 7.18 14/08/2033, GOI Sec 4.45 30/10/2034, Kotak Mahindra Bank Ltd CD 27/12/2024 and more.

Sundaram Short Duration direct 

As of 30-Sep-2024, the AUM of Sundaram Short Duration Fund - Direct Plan Fund is ₹194 Cr.

As of 30-Sep-2024, the asset allocation of Sundaram Short Duration Fund - Direct Plan consists of 94.26% in Debt and 5.74% in Cash & Cash Eq.

The company’s holdings include GOI Sec 7.10 08/04/2034, GOI Sec 7.37 23/10/2028, GOI Sec 7.18 14/08/2033, GOI Sec 7.38 20/06/2027, Power Finance Corporation Ltd SR BS227B Debenture 7.77 15/04/2028 and more.

Conclusion
Investing requires proper research and understanding of the performance over the years especially if you want to invest in the best SIP for 5 years, the best SIP for 3 years, or top mutual funds in India for SIP. Moreover, you take the help of an expert to invest in the best-performing mutual funds in India in the last 5 years.