The equity and hybrid funds with the highest annualised returns over five and three years, with the risk and cost that came with them.
| # | Fund | 5Y a year | 3Y a year | Category | Risk | Expense ratio | Size |
|---|---|---|---|---|---|---|---|
| 1 | Aditya Birla Sun Life PSU Equity Fund Aditya Birla Sun Life | +21.1% | +18.4% | Sectoral / Thematic | Very High | 0.76% | ₹5,749 Cr |
| 2 | SBI PSU Fund SBI | +20.8% | +19.3% | Sectoral / Thematic | Very High | 0.97% | ₹6,236 Cr |
| 3 | LIC MF Infrastructure Fund LIC | +19.8% | +21.1% | Sectoral / Thematic | Very High | 1.29% | ₹1,110 Cr |
| 4 | BANK OF INDIA Manufacturing & Infrastructure Fund Bank of India | +19.6% | +21.0% | Sectoral / Thematic | Very High | 0.99% | ₹1,009 Cr |
| 5 | DSP India T.I.G.E.R. Fund DSP | +19.5% | +18.9% | Sectoral / Thematic | Very High | 1.06% | ₹6,054 Cr |
| 6 | SBI HEALTHCARE OPPORTUNITIES FUND SBI | +19.2% | +24.8% | Sectoral / Thematic | Very High | 1.00% | ₹6,025 Cr |
| 7 | ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential | +18.8% | +32.9% | Index / ETF | Very High | 0.63% | ₹3,603 Cr |
| 8 | Invesco India PSU Equity Fund Invesco | +18.6% | +17.3% | Sectoral / Thematic | Very High | 1.23% | ₹1,325 Cr |
| 9 | Motilal Oswal Midcap Fund Motilal Oswal | +18.6% | +16.9% | Mid Cap | Very High | 0.93% | ₹39,922 Cr |
| 10 | ICICI Prudential Infrastructure Fund ICICI Prudential | +18.5% | +15.2% | Sectoral / Thematic | Very High | 1.31% | ₹7,785 Cr |
| 11 | BANK OF INDIA Small Cap Fund Bank of India | +18.4% | +18.6% | Small Cap | Very High | 0.81% | ₹3,761 Cr |
| 12 | Nippon India Power & Infra Fund Nippon India | +18.4% | +16.5% | Sectoral / Thematic | Very High | 1.11% | ₹7,584 Cr |
| 13 | quant Multi Asset Allocation Fund quant | +18.3% | +21.4% | Multi Asset | High | 1.19% | ₹6,682 Cr |
| 14 | Invesco India Smallcap Fund Invesco | +18.1% | +20.3% | Small Cap | Very High | 0.64% | ₹16,430 Cr |
| 15 | quant Quantamental Fund quant | +18.1% | +14.4% | Sectoral / Thematic | Very High | 1.58% | ₹1,473 Cr |
| # | Fund | 3Y a year | 5Y a year | Category | Risk | Expense ratio | Size |
|---|---|---|---|---|---|---|---|
| 1 | Nippon India Taiwan Equity Fund Nippon India | +56.9% | — | Sectoral / Thematic | Very High | 1.08% | ₹1,017 Cr |
| 2 | HDFC Defence Fund HDFC | +34.5% | — | Sectoral / Thematic | Very High | 0.90% | ₹11,324 Cr |
| 3 | Axis Silver Fund of Fund Axis | +34.5% | — | Fund of Funds | Very High | 0.14% | ₹1,129 Cr |
| 4 | ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential | +32.9% | +18.8% | Index / ETF | Very High | 0.63% | ₹3,603 Cr |
| 5 | HDFC Pharma and Healthcare Fund HDFC | +30.6% | — | Sectoral / Thematic | Very High | 1.05% | ₹3,640 Cr |
| 6 | Motilal Oswal S&P 500 Index Fund Motilal Oswal | +28.7% | +16.9% | Index / ETF | Very High | 0.64% | ₹4,584 Cr |
| 7 | SBI HEALTHCARE OPPORTUNITIES FUND SBI | +24.8% | +19.2% | Sectoral / Thematic | Very High | 1.00% | ₹6,025 Cr |
| 8 | Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life | +24.2% | +11.9% | Sectoral / Thematic | Very High | 2.00% | ₹347 Cr |
| 9 | Mirae Asset Healthcare Fund Mirae Asset | +24.1% | +16.6% | Sectoral / Thematic | Very High | 0.62% | ₹3,523 Cr |
| 10 | HDFC Transportation and Logistics Fund HDFC | +23.8% | — | Sectoral / Thematic | Very High | 1.17% | ₹2,017 Cr |
| 11 | Nippon India Japan Equity Fund Nippon India | +23.7% | +10.5% | Sectoral / Thematic | Very High | 1.50% | ₹340 Cr |
| 12 | UTI Healthcare Fund UTI | +23.7% | +16.2% | Sectoral / Thematic | Very High | 1.34% | ₹1,434 Cr |
| 13 | ICICI Prudential Nifty Pharma Index Fund ICICI Prudential | +22.8% | — | Index / ETF | Very High | 0.51% | ₹176 Cr |
| 14 | Franklin Asian Equity Fund Franklin Templeton | +22.3% | +6.9% | Sectoral / Thematic | Very High | 1.24% | ₹923 Cr |
| 15 | ITI Small Cap Fund ITI | +22.0% | +17.2% | Small Cap | Very High | 0.84% | ₹3,638 Cr |
Want returns from regular monthly investing instead of one lump sum? See top SIP plans, ranked by real 5-year SIP returns. To compare any two funds side by side, use Compare.
Funds that bet on one sector or theme (PSU companies, infrastructure, technology) top return lists when that theme does well, and fall to the bottom when it doesn't. They are concentrated bets, rated Very High risk, and most investors keep them as a small part of a diversified portfolio, if at all.
No. Many funds at the top of one five-year list are not there in the next. Treat this as a list of what did well, then check whether the fund's category, risk and costs suit you.
Annualised (CAGR) returns of the direct growth plan over three and five years, from AMFI's published fund performance data and our own NAV history. Funds under ₹100 crore, debt funds and funds of funds are left out.
It depends on how long you can stay invested and how big a fall you can sit through. A Very High risk fund can fall 30–50% in a bad year. Compare funds on the same risk level, and check each fund's biggest fall on its page.
Past performance does not guarantee future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. BookMyMutualFund is an information service, not an investment adviser, and this list is not a recommendation to buy any fund. How we calculate.