Mutual Fund investments can generate good returns if invested for the long term. One can invest in a disciplined way through Systematic Investment Plan (SIP) on a regular basis to create corpus that can be used for various financial goals. If you are wondering which are the SIP mutual funds that generated high returns in last 10 years and is it worth to invest in them or not, then this article is for you. In this article we would provide 5 Mutual Funds with highest SIP returns in the last 10 years and our view about such funds.
Also Reads: List of Mutual Funds that are doubling every 5 years
How we filtered these mutual fund schemes?
We considered all equity mutual fund schemes, including sector or thematic mutual funds. It includes large cap funds, mid cap funds, small cap funds, balanced funds, index funds, ELSS funds etc. and sector / thematic funds like Infra funds, consumption funds, FMCG funds etc.,
Filtered fund that generated highest SIP returns in the last 10 years. Since the direct plans were existing in < 10 year period, we have considered regular plans to check highest SIP returns in 10 years.
The interesting fact is that out of 5 funds filtered, 3 are from Quant AMC.
These funds generated highest SIP returns between 21% to 23% in the last 10 years while next 5 equity funds generated between 19% to 20.7% returns during a similar period. This performance is after considering the correction that is happening in the last 10 days where there was huge fall in midcap and smallcap stocks.
5 Mutual Funds with Highest SIP Returns in the last 10 years
Here is the list of 5 highest SIP return mutual funds in last 10 years.
#1 – Quant Tax Plan
#2 – Nippon India Small Cap Fund
#3 – SBI Small Cap Fund
#4 – Quant Active Fund
#5 – Quant Infrastructure Fund
Top 5 Mutual Funds with Highest SIP Returns in 10 years – Detailed View
Let’s get into more info about these mutual fund schemes.
#1 – Quant Tax Plan
Investment Strategy of the fund
The investment objective of the scheme is to generate capital appreciation by investing predominantly in a well diversified portfolio of equity shares with growth potential. This income may be complemented by possible dividend and other income.
Fund Performance and Risk Statistics
| Performance & Risk Metrics | Quant Tax Plan |
| Value Research Rating | 5 Star |
| 3 Years – SIP Returns | 34% |
| 5 Years – SIP Returns | 20% |
| 10 Years – SIP Returns | 22% |
| 10 Years – Annualised Returns | 20% |
| AUM – Crores | 2,327 |
| Expense Ratio | 2.62% |
| Risk Grade | Average |
| Return Grade | High |
| Beta | 0.95 |
| Alpha | 16.16 |
Our View: This mutual fund is a consistent performer in the last 5-10 years that generated 15% annualised returns (regular plan) since inception from 2000. This fund has low beta and high alpha. We have covered this as part of Top ELSS Mutual Funds to invest in 2023 too. If you are looking to save tax u/s 80c up to ₹ 1.5 Lacs per financial year, you can consider investing in such funds through SIP. Please note that such funds have 3 year lock-in period for each and every investment including each SIP investment.
#2 – Nippon India Small Cap Fund
Investment Strategy of the fund
The fund attempts to generate relatively better risk adjusted returns by focusing on the smaller capitalization companies. Small cap stocks, for the purpose of the fund are defined as stocks whose market capitalization is below top 250 companies in terms of full market capitalization.
Fund Performance and Risk Statistics
| Performance & Risk Metrics | Nippon India Small Cap Fund |
| Value Research Rating | 4 Star |
| 3 Years – SIP Returns | 33% |
| 5 Years – SIP Returns | 25% |
| 10 Years – SIP Returns | 23% |
| 10 Years – Annualised Returns | 23% |
| AUM – Crores | 23,765 |
| Expense Ratio | 1.83% |
| Risk Grade | Average |
| Return Grade | High |
| Beta | 0.91 |
| Alpha | 7.76 |
Our View: This mutual fund is a consistent performer in the last 5-10 years that generated 20% annualised returns (regular plan) since inception from 2010. Even this fund has low beta and high alpha. We have covered this as part of Top Smallcap Mutual Funds’ Carticle too. If you are a high risk investor and willing to invest for a medium to long term, you can consider investing in such funds through SIP. Moderate to low risk investors should avoid such funds.
#3 – SBI Small Cap Fund
Investment Strategy of the fund
SBI Small Cap Fund aims to provide investors with opportunities for long-term growth in capital by investing predominantly in a well-diversified basket of equity stocks of small cap companies. The fund predominantly invests (minimum 65%) in small cap stocks and can also take up to 35% exposure in other equities (including large and mid-cap companies) and/or debt and money market instruments.
The fund follows a blend of growth and value style of investing and will follow a bottom-up investment strategy for stock selection.
Fund Performance and Risk Statistics
| Performance & Risk Metrics | SBI Small Cap Fund |
| Value Research Rating | 4 Star |
| 3 Years – SIP Returns | 27% |
| 5 Years – SIP Returns | 22% |
| 10 Years – SIP Returns | 23% |
| 10 Years – Annualised Returns | 24% |
| AUM – Crores | 15,335 |
| Expense Ratio | 1.74% |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Beta | 0.76 |
| Alpha | 5.78 |
Our View: This mutual fund is a consistent performer in the last 5-10 years that generated 20% annualised returns (regular plan) since inception from 2009. Even this fund has low beta and high alpha. Even we have covered this as part of Top Smallcap Mutual Funds article too. If you are a high risk investor and willing to invest for a medium to long term, you can consider investing in such small cap funds through SIP mode. Moderate to low risk investors can avoid such funds.
#4 – Quant Active Fund
Investment Strategy of the fund
The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of Large Cap, Mid Cap and Small Cap companies. There is no assurance that the investment objective of the Scheme will be realized.
Fund Performance and Risk Statistics
| Performance & Risk Metrics | Quant Active Fund |
| Value Research Rating | – |
| 3 Years – SIP Returns | 30% |
| 5 Years – SIP Returns | 26% |
| 10 Years – SIP Returns | 21% |
| 10 Years – Annualised Returns | 20% |
| AUM – Crores | 3,480 |
| Expense Ratio | 2.63% |
| Risk Grade | – |
| Return Grade | – |
| Beta | 0.95 |
| Alpha | 13.36 |
Our View: This mutual fund is a consistent performer in the last 5-10 years that generated 19% annualised returns (regular plan) since inception from 2001. Even this fund has beta below 1 and high alpha. This is a multicap mutual fund where there is a change in SEBI definition for multicap funds from Jan-2022 onwards. Multicap mutual funds needs to invest a minimum of 25% each in large cap, midcap and smallcap against the erstwhile flexibility of investing without any limits. Many mutual fund schemes have then changed the name to “flexicap” post this. Investors can better off investing in flexicap mutual funds rather than multicap mutual funds.
Also Read: This mutual fund gave 20% SIP returns in last 20 years
#5 – Quant Infrastructure Fund
Investment Strategy of the fund
The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of Infrastructure focused companies. There is no assurance that the investment objective of the Scheme will be realized.
Fund Performance and Risk Statistics
| Performance & Risk Metrics | Quant Infrastructure Fund |
| Value Research Rating | 4 Star |
| 3 Years – SIP Returns | 42% |
| 5 Years – SIP Returns | 30% |
| 10 Years – SIP Returns | 21% |
| 10 Years – Annualised Returns | 16% |
| AUM – Crores | 828 |
| Expense Ratio | 2.39% |
| Risk Grade | Average |
| Return Grade | High |
| Beta | 0.73 |
| Alpha | 17.60 |
Our View: This mutual fund is a consistent performer in the last 5-10 years that generated 5.5% annualized returns (regular plan) since inception from 2007. Even this fund has a low beta below 1 and very high alpha. Even we have covered this as part of Best Sector Mutual Funds to invest article too. This invests in a single sector i.e. Infrastructure, hence it is at very high risk as these are cyclical in nature and can outperform in specific periods and underperform later.
If you are a high risk investor and willing to invest for the medium term, you can consider investing some amount of your portfolio. Moderate to low risk investors can avoid such funds.
Summary of these Mutual Funds with annualised returns
| MF Name | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Quant Tax Plan | 7% | 36% | 21% | 20% |
| Nippon India Small Cap Fund | 5% | 33% | 13% | 23% |
| SBI Small Cap Fund | 6% | 27% | 12% | 24% |
| Quant Active Fund | 5% | 32% | 19% | 20% |
| Quant Infrastructure Fund | 9% | 37% | 19% | 16% |
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16 comments
Add a comment ↓Hello Suresh Sir,
Hope you are doing well.
Earlier I talked you about my investments. in following funds
UTI hybrid Reg
UTI retirement benefit Reg
UTI Master Share Direct
Quant active Fund
Parag Parikh flexicap
Axis mid cap
Kotak Small cap
I am trying to rebalance my portfolio as my UTI AMC funds are not performing well in last 2years and the axis mf too and there are 7funds in my portfolio from which I want to make into 4-5 funds.
I am collectively researching about it ..
Portfolio : 1
Kotak hybrid equity
Quant active
Canara robeco small cap /value fund
Parag Parikh flexicap
One midcap – pgim mid cap / axis nifty midcap 50
Portfolio : 2
UTI Low volatility index
Quant active
Parag Parikh flexi
Canara robeco small cap
Kotak hybrid / sbi balanced advantage
Portfolio: 3
UTI Low volatility index
Quant active
Kotak hybrid
pgim midcap
One small cap
I want to create a all weather portfolio based on growth + value , blend
Anything else you would like to suggest – helps me a lot.
Thank You.
Mayank Dey
Good to hear about you.
Portfolio-1 – You don’t need value funds. Others are okay
Portfolio-2 – okay
Portfolio-3 – smallcap you can choose canara robecco small cap or quant smallcap fund or kotak smallcap fund
Informative. But expenseRatios of these funds are veryhigh!
Thank you Dr. Sudhakar
fantastic advice
Which one should I remove because few are similar but holding size differ?
Considering 5k investment on all. Already investment going on half of them.
So wanted to know which one are mostly same which i can stop putting money.
What you suggest if one should only do SIP on 2-4 with large amount or multiple SIP with small amounts?
Nippon India Small Cap Fund
SBI Small Cap Fund
Quant Tax Plan Direct Growth
UTI Nifty NExt 50 Index Fund Direct Growth
Quant Small Cap Fund Direct Plan Growth
PGIM India Midcap Opportunities Fund Direct Growth
Principle Emerging Bluechip Fund Direct Growth
Parag Parikh Flexi Cap Fund Direct
ICICI Prudential Bluechip Fund Direct Growth
Axis Midcap Direct Plan Growth
Kotak Debit Hybrid Fund Direct Growth
Aditya Birla Sun Life Digital India Fund Direct Growth
While the portfolio is good, you have too many funds. Try trimming them 1-2 funds per category.e.g. smallcap fund, you have invested in 4 funds. Instead do it 2 funds
You are right, many of them are similar but my question should i keep as some have cgr and few have high fund value. so which you suggest to keep.
Currently I have invested in the following out to above:
Quant Tax Plan Direct Growth
Parag Parikh Flexi Cap Fund Direct
ICICI Prudential Bluechip Fund Direct Growth
Axis Midcap Direct Plan Growth
Kotak Debit Hybrid Fund Direct Growth
Aditya Birla Sun Life Digital India Fund Direct Growth
should i remove few of them completly and keep few or should change them with the rest below.
Nippon India Small Cap Fund
SBI Small Cap Fund
UTI Nifty NExt 50 Index Fund Direct Growth
Quant Small Cap Fund Direct Plan Growth
PGIM India Midcap Opportunities Fund Direct Growth
Principle Emerging Bluechip Fund Direct Growth
You can stop fresh investments into such similar funds and continue existing investments. You can exit them appropriately after considering tax implications
hi suresh,
thanks for quick response
Could you please let which one should be right once, so that I can keep investing on them?
I haven’t invested on all of them.
A part from which all should i invest. Also wanted to know should the investment be done many SIP or only 3-4 SIP only.
Thanks
Thank you for your in depth analysis. Sir as per your article these funds under Regular. So direct funds returns will be atleast two percent more. Please clarify.
Yes. Direct plans can provide 0.5% to 2% higher returns compared to regular plans
Pl Suggest whether we should add Value Funds or only Growth Funds.
How we should diversify portfolio properly.
Thx