Are you looking for mutual funds that have consistently created wealth over the long term? While short-term returns may seem exciting, true wealth building happens with time and discipline. In this article, we showcase 10 mutual funds that turned ₹ 1 Lakh into over ₹ 10 Lakhs in the last 15 years — an example to the power of compounding and quality fund management. These mutual funds have delivered annualised returns between 17.5% to 20% over a 15-year period. Let’s explore how they achieved this and whether you should consider adding them to your long-term investment portfolio.
Earlier we analysed 7 Mutual Funds that turned ₹ 1 Lakh to 5 Lakhs in 5 years.
📈 How Much Return Is Needed to Turn ₹ 1 Lakh Into ₹ 10+ Lakhs?
To grow ₹ 1 Lakh into over ₹ 10 Lakhs in 15 years, a mutual fund must deliver a CAGR (Compound Annual Growth Rate) of approximately 17.5% or higher. Most well-performing equity funds average around 12% to 15% CAGR. These outperformers have exceeded that benchmark significantly.
🔍 Parameters Used to Shortlist These Mutual Funds
- Filtered Equity-oriented mutual funds across market caps (Small, Mid, Flexi, Sectoral)
- Evaluated 15-year CAGR as of 31-Jul-2025
- Only Regular Plans with Growth option considered as direct plans were not existing 15 years back.
- Considered top 10 funds that generated over ₹ 10 Lakhs for an investment of ₹ 1 Lakh,
📊 Top 10 Mutual Funds That Multiplied ₹ 1 Lakh into Over ₹ 10 Lakhs in 15 Years
| Mutual Fund Scheme | 15 Yr CAGR (%) | ₹ 1 Lakh Turned Into (₹) |
|---|---|---|
| SBI Small Cap Fund | 20.12% | ₹ 14.55 Lakhs |
| Mirae Asset Large & Midcap Fund | 19.44% | ₹ 12.90 Lakhs |
| HDFC Mid Cap Fund | 18.72% | ₹ 11.71 Lakhs |
| Edelweiss Mid Cap Fund | 18.52% | ₹ 11.44 Lakhs |
| Invesco India Mid Cap Fund | 18.50% | ₹ 11.41 Lakhs |
| ICICI Pru Technology Fund | 18.24% | ₹ 11.06 Lakhs |
| DSP Small Cap Fund | 18.11% | ₹ 10.90 Lakhs |
| Franklin India Small Cap Fund | 18.05% | ₹ 10.82 Lakhs |
| Quant Small Cap Fund | 17.93% | ₹ 10.67 Lakhs |
| Franklin Build India Fund | 17.68% | ₹ 10.37 Lakhs |
🧠 Fund-wise Performance Review
Lets deep dive into these mutual fund schemes.
#1 – SBI Small Cap Fund
- Category: Small Cap
- Returns:
- 3-Year: 18.26%
- 5-Year: 27.70%
- 10-Year: 18.01%
- 15-Year: 20.12%
- ✅ Positives:
- Long-term wealth creation
- Diversified stock picks
- Experienced fund managers
- ⚠️ Risks:
- High volatility in corrections
- Not suitable for short-term goals
This fund is among the 6 Mutual Funds that Turned ₹ 1 Lakh to over 6 Lakhs in 10 years.
#2 – Mirae Asset Large & Midcap Fund
- Category: Large & Midcap
- Returns:
- 3-Year: 16.36%
- 5-Year: 22.04%
- 10-Year: 16.69%
- 15-Year: 19.44%
- ✅ Positives:
- Balanced exposure to large and midcap
- Lower volatility
- ⚠️ Risks:
- May underperform in extreme bull runs due to diversified strategy
#3 – HDFC Mid Cap Fund
- Category: Mid Cap
- Returns:
- 3-Year: 27.64%
- 5-Year: 31.34%
- 10-Year: 17.36%
- 15-Year: 18.72%
- ✅ Positives:
- Strong midcap allocation
- Impressive recent performance
- ⚠️ Risks:
- Higher AUM can affect agility
This fund is among 13 mutual funds rated 5 Star by Value Research in 2025.
#4 – Edelweiss Mid Cap Fund
- Category: Mid Cap
- Returns:
- 3-Year: 25.62%
- 5-Year: 31.14%
- 10-Year: 17.13%
- 15-Year: 18.52%
- ✅ Positives:
- Strong momentum-based strategy
- ⚠️ Risks:
- Aggressive bets can lead to short-term underperformance
#5 – Invesco India Mid Cap Fund
- Category: Mid Cap
- Returns:
- 3-Year: 28.70%
- 5-Year: 29.35%
- 10-Year: 17.35%
- 15-Year: 18.50%
- ✅ Positives:
- Consistent outperformance
- Well-diversified portfolio
- ⚠️ Risks:
- Smaller AUM, potential liquidity issues during stress periods
#6 – ICICI Prudential Technology Fund
- Category: Sectoral (Tech)
- Returns:
- 3-Year: 13.41%
- 5-Year: 23.39%
- 10-Year: 16.73%
- 15-Year: 18.24%
- ✅ Positives:
- Focused exposure to fast-growing tech sector
- ⚠️ Risks:
- Sector-specific risks
- Cyclical performance trends
Investors should also analyse 10 Worst Performing Mutual Funds in last 15 years.
#7 – DSP Small Cap Fund
- Category: Small Cap
- Returns:
- 3-Year: 22.13%
- 5-Year: 31.14%
- 10-Year: 16.72%
- 15-Year: 18.11%
- ✅ Positives:
- Robust small-cap stock universe
- Quality stock selection
- ⚠️ Risks:
- High volatility
- Illiquidity in downturns
#8 – Franklin India Small Cap Fund
- Category: Small Cap
- Returns:
- 3-Year: 25.32%
- 5-Year: 32.94%
- 10-Year: 15.75%
- 15-Year: 18.05%
- ✅ Positives:
- Consistent historical performance
- Strong mid-small cap exposure
- ⚠️ Risks:
- AMC’s past liquidity challenges need tracking
#9 – Quant Small Cap Fund
- Category: Small Cap
- Returns:
- 3-Year: 27.22%
- 5-Year: 38.38%
- 10-Year: 19.58%
- 15-Year: 17.93%
- ✅ Positives:
- Aggressive high-beta strategy
- Strong recent performance
- ⚠️ Risks:
- High risk and concentrated positions
- Governance concerns (2023 front-running probe)
#10 – Franklin Build India Fund
This fund is among the 10 Mutual Funds with Highest SIP Returns in the last 5 years.
- Category: Thematic – Infrastructure
- Returns:
- 3-Year: 30.02%
- 5-Year: 33.46%
- 10-Year: 16.60%
- 15-Year: 17.68%
- ✅ Positives:
- Infrastructure-focused play
- Aligns with India’s long-term growth story
- ⚠️ Risks:
- Sector cycles
- Lower diversification
🧾 Final Thoughts
These 10 mutual funds have consistently outperformed over 15 years and have turned ₹ 1 Lakh into ₹ 10-14+ Lakhs. Investors looking for long-term wealth creation should:
- Choose funds matching their risk profile
- Stay invested for 10+ years
- Avoid panic during market corrections
While Quant Mutual Fund appears again in the top 10, it’s important to note the risks. Quant AMC was under regulatory scrutiny in 2023 for front-running-related concerns. Investors should remain cautious and monitor fund house-level updates.
Investing in mutual funds is not just about chasing returns — it’s about sustained growth, governance, and aligning with long-term goals.
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