10 Mutual Funds with Highest SIP Returns in 10 years (20% to 23%)

10 Mutual Funds with Highest Returns in 10 years

Investors would pick mutual funds based on risk appetite, tenure and financial goals. On the other side, there are plenty of mutual funds to filter even after considering these parameters. Annualized returns would show high during bull-run and low during bearish markets and rolling returns provide how consistently the fund is performing compared to benchmark and peers. Another metric to check is the SIP returns. This is similar to rolling returns, but with some difference. Which are the Top 10 Mutual Funds with Highest SIP returns in 10 years in India?

Also Read: Best Dividend Yield Mutual Funds for 2022

What are SIP Returns in Mutual Funds?

SIP refers to the Systematic Investment Plan. In SIP, investors can invest fixed amount in mutual funds at regular intervals which could be daily, weekly, monthly or quarterly. Popular one is monthly SIP.

Computing SIP returns is not that simple compared to computation of returns for lump sum investment in mutual fund.

Let me explain with an example. You have invested Rs 1,000 for 12 months through SIP. The invested value is Rs 12,000 (Rs 1,000 x 12). Assume your investment is grown to Rs 15,000. Generally, investors would divided profit with investment i.e. Rs 3,000 / Rs 12,000 = 25%. This is simple return for all mutual funds invested during the period, irrespective  lump sum or SIP. Here 25% is not a SIP return.

SIP returns in mutual funds is where each SIP amount + tenure needs to be considered while arriving SIP returns. The first SIP amount might earn higher returns (assuming markets are going up) compared to 2nd SIP amount and so on.

List of 10 Mutual Funds with Highest SIP Returns in 10 years

If you are SIP investor, you may want to invest in mutual funds that gave the highest returns, say for 5 years or 10 years. Here are the list of top 10 mutual funds with highest SIP returns in 10 years. We have considered sector funds also in the list. The returns indicated are for regular plans as direct plans have < 10 years history.

#1 – SBI Small Cap Fund – 23.1%

#2 – Nippon India Small Cap Fund – 22.9%

#3 – Quant Tax Plan – 22.6%

#4 – ICICI Pru technology – 22.5%

#5 – ABSL Digital Fund – 21.4%

#6 – Quant Active Fund – 21.3%

#7 – Mirae Asset Emerging Bluechip – 20.6%

#8 – Kotak Smallcap Fund – 20.1%

#9 – Quant Flexi Cap Fund – 20%

#10 – Quant Infrastructure fund – 20%

10 Mutual Funds with Highest SIP Returns in 10 years – Detailed view

#1 – SBI Small Cap Fund – 23.1%

As the name indicates, SBI small cap mutual fund invests in small cap companies in India.

10 Year SIP Returns – 23.1%

5 Year SIP Returns – 21%

3 Year SIP Returns – 29.6%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 4.1 Lakhs.

Smallcap funds fall under high risk-high return category. These are only for high risk category investors.  This category of funds would perform well in the bull runs, hence one should invest in such funds only if they are long term investors. Short term to medium term investors should avoid such funds.

We indicate in our earlier article that this fund is a consistent performing small cap mutual funds in terms of both annualized returns as well as rolling returns.

#2 – Nippon India Small Cap Fund – 22.9%

As the name indicates, Nippon India small cap mutual fund invests in small cap stocks.

10 Year SIP Returns – 22.9%

5 Year SIP Returns – 23.1%

3 Year SIP Returns – 36.3%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 4.05Lakhs.

This fund too is a small-cap fund and falls in high risk-high return category. Invest in this fund only if you are high risk investor and willing to invest for long term.

Even this fund was part of our Top Smallcap Mutual Funds list recommended earlier.

#3 – Quant Tax Plan – 22.6%

Quant Tax Plan is an ELSS mutual fund that invests in equity and debt and provides tax benefit u/s 80c up to Rs 1.5 Lakhs per financial year.

10 Year SIP Returns – 22.6%

5 Year SIP Returns – 27.9%

3 Year SIP Returns – 39.4%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.98 Lakhs.

This fund generated 15% returns since inception and it is one of the consistent performing ELSS Tax Saving Fund which we recommended earlier too.

#4 – ICICI Pru Technology Fund – 22.5%

This fund invests in IT and Technology related companies in India.

10 Year SIP Returns – 22.5%

5 Year SIP Returns – 29.7%

3 Year SIP Returns – 36.5%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.95 Lakhs.

This is a sector fund that invests only in IT Sector. Such sector funds are high risk as we do not know when there would be tech bubble bust, IT slow down due to recession etc.

This fund generated 12% annualised returns since inception. High risk investors can allocate some amount of their portfolio in such technology funds.

#5 – ABSL Digital Fund – 21.4%

This fund invests in IT and Technology related companies in India.

10 Year SIP Returns – 21.4%

5 Year SIP Returns – 26.9%

3 Year SIP Returns – 31.2%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.7 Lakhs.

Even this fund invests only in IT Sector and these are high risk.

This fund generated 12% annualised returns since inception. This Technology fund is among 3 funds that generated consistent positive returns over 12% every year for the last 5 calendar years.

#6 – Quant Active Fund – 21.2%

Quant Active fund is a multi-cap mutual fund that invests across market capitalization (Largecap, midcap and smallcap).

10 Year SIP Returns – 21.2%

5 Year SIP Returns – 25.9%

3 Year SIP Returns – 35.1%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.7 Lakhs.

There was change in definition of multicap category from SEBI from Jan-2021 onwards, hence you might see performance mismatch between past and in future. One can go for flexicap funds.

#7 – Mirae Asset Emerging Bluechip Fund – 20.6%

This mutual fund invests in large cap and midcap stocks in India.

10 Year SIP Returns – 20.6%

5 Year SIP Returns – 17.1%

3 Year SIP Returns – 20.5%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.6 Lakhs.

We have analysed this fund earlier and indicated it as one of the consistent performing large-midcap mutual fund to invest in India.

#8 – Kotak Smallcap Fund – 20.4%

This mutual fund invests in small-cap stocks in India.

10 Year SIP Returns – 20.4%

5 Year SIP Returns – 24.2%

3 Year SIP Returns – 35.8%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.5 Lakhs.

It is one of the consistent performing small-cap fund in terms of both annualized returns as well as rolling returns and it is part of out top small cap funds recommendations given earlier.

#9 – Quant Flexicap Fund

This fund invests across market cap i.e. largecap, midcap and smallcap stocks in India.

10 Year SIP Returns – 20%

5 Year SIP Returns – 24.3%

3 Year SIP Returns – 35.8%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.5 Lakhs.

While this fund generated highest SIP returns in the last 10 years, it failed to beat in consistent rolling returns compared to other funds in the last 3 to 5 years category, hence it could not figure in our Best Flexicap Mutual Funds for 2022 article earlier.

#10 – Quant Infrastructure Fund – 20%

This mutual fund invests in infrastructure and related companies in India.

10 Year SIP Returns – 20%

5 Year SIP Returns – 29.8%

3 Year SIP Returns – 46.2%

If one would have invested Rs 1,000 per month through SIP in this fund for 10 years, the investment would have been Rs 1.2 Lakhs (Rs 1,000 x 120 months) and it would have grown to Rs 3.5 Lakhs.

Again this is sector fund that invests in companies that supports infrastructure segment and high risk. One can invest small amount in such funds too for medium term.

We have recommended this earlier in our Best Infrastructure Mutual Funds for 2022.

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Suresh KP

11 comments

  • Anushka Sharma

    Thank you sir, for very useful information regarding funds.

  • Bir

    Good evening Suresh sir,

    After the Axis MF issue, what do you suggest about Axis Small cap fund . I have started sip from Feb 2022, do I continue or stop it and take other small cap fund??

    • The impact of Axis MF scam is not yet known. If you want to be safer, stop the SIP (continue existing funds) and create new SIP in another small cap fund

  • sanjay vg

    Hi sir i am investing 2000 pm month in following MFs since last 6-7 years and still continuing for next 3 years. Can you suggest me any modification in these fund( stop/change/add new/ redem and exit etc). thanks …sanju

    HDFC BALANCED
    HDFC TOP 200
    HDFC MID CAP OPPURTINITY
    ICICI BALANCED
    Birla sunlife front line
    Kotak std multicap
    Mirae emerging bluechip
    SBI Focused Equity
    Parag parikh long term

  • Deepak

    Mutual funds investment

  • Ajay

    hello Suresh sir, Can you tell me details of mutual funds those who invest in companies related to electric vehicles and charging stations, as these companies would be good in coming years.

    • Ajay, Many flexicap or largecap mutual fund schemes are already investing in these EV related companies. Just check whether your MF portfolio contains Reliance, Tata Power, Tata Motors, NTPC, BEL etc., I would recommend some funds which are majorly investing in these stocks through separate article

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