Looking for top-performing mutual funds that created massive wealth in the last 5 years? Several equity mutual funds across global equities, PSU, infrastructure, and thematic sectors have delivered exceptional long-term returns to investors.
Interestingly, a ₹5 lakh investment in some of these mutual funds would have grown to ₹15 lakhs to ₹21 lakhs in just 5 years based on their CAGR returns. Global technology funds, PSU funds, infrastructure funds, and thematic funds dominated the performance chart this time.
However, investors should remember that such extraordinary returns usually come with higher volatility and market risks. Sectoral and thematic funds can outperform sharply during favorable market cycles, but they may also witness steep corrections during weak phases.
In this article, we will review 10 mutual funds that turned ₹5 lakhs into ₹15 lakhs to ₹21 lakhs in the last 5 years (as of May-2026), along with their returns, risk factors, suitability, and our view.
Explore – 10 Mutual Funds That Gave 23% to 34% Returns in Last 1 Year (May-26 Update).
How We Filtered These Mutual Funds?
- We considered all equity mutual funds including global funds, thematic funds, sector funds, and FoFs
- Excluded ETFs
- Selected Direct Plans for consistency
- Filtered funds based on highest 5-year CAGR returns
- Data considered as of May-2026
10 Mutual Funds That Turned ₹ 5 Lakhs Into ₹ 15 Lakhs+ in 5 Years
Here is the list of top-performing mutual funds based on 5-year CAGR returns.
1) Mirae Asset NYSE FANG+ ETF FoF
Fund Objective
This fund invests in global technology and innovation-driven companies through NYSE FANG+ exposure.
Annualised Returns
- 3 Years CAGR: 55.6%
- 5 Years CAGR: 33.1%
₹5 Lakhs Became
Approximately ₹20.9 Lakhs in 5 years
Who Can Invest?
- Aggressive investors
- Investors seeking global technology exposure
- Long-term investors comfortable with volatility
Risk Factors
- High volatility in global tech stocks
- Currency fluctuation risks
- Concentration in limited global companies
My View
US technology stocks witnessed massive rally in recent years, which helped this fund generate exceptional returns. However, investors should note that global technology funds can be highly volatile during market corrections.
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2) Motilal Oswal Nasdaq 100 FOF
Fund Objective
This fund invests in Nasdaq 100 companies through overseas exposure.
Annualised Returns
- 3 Years CAGR: 45.0%
- 5 Years CAGR: 27.4%
₹5 Lakhs Became
Approximately ₹16.7 Lakhs in 5 years
Who Can Invest?
- Investors seeking US market exposure
- Aggressive long-term investors
Risk Factors
- Currency movement risks
- US market valuation risks
- Technology sector concentration
My View
Nasdaq-focused funds benefited significantly from the strong performance of global technology companies over the last few years.
3) DSP World Gold Mining Overseas Equity Omni FoF
Fund Objective
The fund invests in overseas gold mining and commodity-related companies.
Annualised Returns
- 3 Years CAGR: 51.1%
- 5 Years CAGR: 27.3%
- 10 Years CAGR: 17.3%
₹5 Lakhs Became
Approximately ₹16.6 Lakhs in 5 years
Who Can Invest?
- Investors seeking global commodity exposure
- High risk investors
Risk Factors
- Commodity price volatility
- Currency risks
- Global economic slowdown risks
My View
Gold mining companies performed strongly due to global commodity rallies. Such funds can be extremely volatile and should form only a limited part of an investment portfolio.
4) Aditya Birla Sun Life PSU Equity Fund
Fund Objective
This fund invests primarily in public sector undertaking companies across sectors.
Annualised Returns
- 3 Years CAGR: 28.7%
- 5 Years CAGR: 26.5%
₹5 Lakhs Became
Approximately ₹16.2 Lakhs in 5 years
Who Can Invest?
- Investors bullish on PSU sector growth
- Aggressive investors
Risk Factors
- Government policy-related risks
- Sector concentration risks
- PSU stock volatility
My View
PSU funds generated strong returns due to rallies in defence, railway, and energy-related stocks in recent years.
While none of the flexicap funds appearing in this list, you can check out 5 Best Flexi Cap Mutual Funds to Invest in 2026 based on Rolling Returns.
5) LIC MF Infrastructure Fund
Fund Objective
The fund invests in infrastructure-related sectors including construction, engineering, capital goods, and energy.
Annualised Returns
- 3 Years CAGR: 29.3%
- 5 Years CAGR: 26.4%
- 10 Years CAGR: 18.5%
₹5 Lakhs Became
Approximately ₹16.1 Lakhs in 5 years
Who Can Invest?
- Investors comfortable with sectoral exposure
- Long-term investors
Risk Factors
- Cyclical earnings volatility
- Infrastructure sector risks
- Economic slowdown impact
My View
Infrastructure funds benefited from increased government capital expenditure and infrastructure growth themes.
6) SBI PSU Fund
Fund Objective
This scheme invests predominantly in PSU companies across sectors.
Annualised Returns
- 3 Years CAGR: 31.3%
- 5 Years CAGR: 26.3%
- 10 Years CAGR: 16.6%
₹5 Lakhs Became
Approximately ₹16.0 Lakhs in 5 years
Who Can Invest?
- High risk investors
- Investors seeking PSU exposure
Risk Factors
- Sector concentration risk
- Government policy dependency
- Market volatility
My View
PSU sector witnessed exceptional rally over the last few years, helping PSU-focused funds generate superior returns.
7) ICICI Prudential BHARAT 22 FOF
Fund Objective
The scheme invests in Bharat 22 ETF portfolio comprising leading public sector companies.
Annualised Returns
- 3 Years CAGR: 24.0%
- 5 Years CAGR: 26.2%
₹5 Lakhs Became
Approximately ₹15.9 Lakhs in 5 years
Who Can Invest?
- Investors seeking diversified PSU exposure
- Moderate to aggressive investors
Risk Factors
- PSU sector concentration
- Government policy risks
- Market correction risks
My View
BHARAT 22 exposure helped this fund benefit from strong PSU sector performance.
Explore about – 10 Mutual Funds That Gave 14% to 67% Returns in 3 Months (May-26 Update).
8) DSP India T.I.G.E.R. Fund
Fund Objective
This infrastructure-oriented fund invests in transportation, industrial, growth, and economic reform-related sectors.
Annualised Returns
- 3 Years CAGR: 27.6%
- 5 Years CAGR: 26.1%
- 10 Years CAGR: 19.4%
₹5 Lakhs Became
Approximately ₹15.9 Lakhs in 5 years
Who Can Invest?
- Investors seeking infrastructure exposure
- Aggressive long-term investors
Risk Factors
- Sector concentration risk
- Economic cycle dependency
- Volatility during market corrections
My View
Infrastructure and industrial themes have performed strongly due to India’s growth and capex cycle.
9) ICICI Prudential Infrastructure Fund
Fund Objective
The fund primarily invests in infrastructure and allied sectors.
Annualised Returns
- 3 Years CAGR: 23.6%
- 5 Years CAGR: 25.9%
- 10 Years CAGR: 19.1%
₹5 Lakhs Became
Approximately ₹15.7 Lakhs in 5 years
Who Can Invest?
- Investors bullish on infrastructure growth
- Long-term investors
Risk Factors
- Infrastructure sector volatility
- Cyclical market movements
- Economic slowdown risks
My View
India’s infrastructure spending theme supported strong performance in infrastructure-focused mutual funds.
10) Nippon India Power & Infra Fund
Fund Objective
This scheme invests in power and infrastructure-related companies.
Annualised Returns
- 3 Years CAGR: 27.0%
- 5 Years CAGR: 25.6%
- 10 Years CAGR: 19.1%
₹5 Lakhs Became
Approximately ₹15.5 Lakhs in 5 years
Who Can Invest?
- Aggressive investors
- Investors seeking infrastructure and energy themes
Risk Factors
- Sector concentration risk
- Regulatory risks
- High volatility
My View
Power and infrastructure sectors witnessed strong momentum during the recent economic expansion phase.
Quick Comparison Table
| Fund Name | 3 Years CAGR | 5 Years CAGR | 10 Years CAGR | ₹5 Lakhs Became |
|---|---|---|---|---|
| Mirae Asset NYSE FANG+ ETF FoF | 55.6% | 33.1% | — | ₹20.9 Lakhs |
| Motilal Oswal Nasdaq 100 FOF | 45.0% | 27.4% | — | ₹16.7 Lakhs |
| DSP World Gold Mining Overseas Equity Omni FoF | 51.1% | 27.3% | 17.3% | ₹16.6 Lakhs |
| Aditya Birla Sun Life PSU Equity Fund | 28.7% | 26.5% | — | ₹16.2 Lakhs |
| LIC MF Infrastructure Fund | 29.3% | 26.4% | 18.5% | ₹16.1 Lakhs |
| SBI PSU Fund | 31.3% | 26.3% | 16.6% | ₹16.0 Lakhs |
| ICICI Prudential BHARAT 22 FOF | 24.0% | 26.2% | — | ₹15.9 Lakhs |
| DSP India T.I.G.E.R. Fund | 27.6% | 26.1% | 19.4% | ₹15.9 Lakhs |
| ICICI Prudential Infrastructure Fund | 23.6% | 25.9% | 19.1% | ₹15.7 Lakhs |
| Nippon India Power & Infra Fund | 27.0% | 25.6% | 19.1% | ₹15.5 Lakhs |
Summary of Mutual Fund Performance
- Global technology funds delivered the highest returns in the last 5 years
- PSU and infrastructure funds dominated domestic equity performance
- Several thematic and sector funds generated exceptional wealth creation
- High-return funds also carry high volatility risks
- SIP investing remains a better strategy for such categories
Conclusion
The last 5 years have been highly rewarding for investors in global technology, PSU, infrastructure, and thematic mutual funds. Several schemes transformed ₹5 lakh investments into ₹15 lakhs to ₹21 lakhs during this period.
However, investors should avoid investing purely based on past performance. Sectoral and thematic funds can witness sharp corrections during weak market phases.
Investors should align mutual fund investments with their financial goals, risk appetite, and investment horizon. Diversification across categories along with disciplined SIP investing can help manage market volatility effectively.
Disclaimer: Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.
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