16 equity mutual funds deliver over 30% CAGR in 3 years

Around 16 equity mutual funds have offered over 30% CAGR in the last three years, based on daily rolling returns. ET Mutual Funds examined the daily rolling returns of 221 equity schemes that have been in the market for the past three years.

The top two schemes on the list were from the small-cap category. Quant Small Cap Fund and Nippon India Small Cap Fund delivered 43.87% and 35.43% CAGR, respectively, based on daily rolling returns over the last three years.



Quant ELSS Tax Saver Fund, an ELSS (Equity Linked Savings Scheme) or tax-saving fund, offered a CAGR of 34.09% based on daily rolling returns. Two other small-cap funds—Bank of India Small Cap Fund and Canara Robeco Small Cap Fund—delivered CAGRs of 34.07% and 34.04%, respectively, based on the same parameters.

Two schemes from Quant Mutual Fund—Quant Mid Cap Fund and Quant Flexi Cap Fund—delivered CAGRs of 33.55% and 32.96%, respectively, based on daily rolling returns.

Four small-cap funds—Edelweiss Small Cap Fund, Tata Small Cap Fund, HSBC Small Cap Fund, and Kotak Small Cap Fund—delivered CAGRs ranging from 31.37% to 31.97%, based on daily rolling return parameters.

Quant Active Fund posted a CAGR of 31.17% based on rolling return frequency over the last three years. During the same period, ICICI Prudential Smallcap Fund delivered a CAGR of 30.73%, based on daily rolling returns.

SBI Contra Fund, the largest and oldest small-cap fund, delivered a CAGR of 30.62% based on daily rolling return frequency. Motilal Oswal Midcap Fund and Bandhan Small Cap Fund provided CAGRs of 30.45% and 30.15%, respectively, based on the same parameters.

Other equity mutual funds during this period delivered CAGRs ranging from 10.79% to 29.65%, based on daily rolling returns.

We considered all equity mutual funds available during the specified period, including both regular and growth options. Daily rolling returns were calculated from October 29, 2021, to October 29, 2024.

Note: The above exercise is not a recommendation. It was conducted to identify which equity mutual funds offered returns of over 30% based on daily rolling frequency. Investment or redemption decisions should not be made solely based on this exercise. Always consider your risk appetite, investment horizon, and goals before making investment decisions.

A rolling return is the average of a series of returns over a specified period. It represents the annualized return of a scheme taken over that period. Rolling returns can be calculated on a daily, monthly, or yearly frequency within the defined timeframe. By considering different periods, this method allows for an efficient analysis of the fund's return consistency, taking into account both upward and downward market movements.

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