5 Mutual Funds with Highest SIP Returns in the last 10 years

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

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 Rs 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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Suresh KP

16 comments

  • Dr. sudhakar

    Informative. But expenseRatios of these funds are veryhigh!

  • kannan

    fantastic advice

  • Yogesh Bhandari

    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

      • Yogesh Bhandari

        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

      • Yogesh Bhandari

        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

      • Rajesh

        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.

  • Dilip

    Pl Suggest whether we should add Value Funds or only Growth Funds.
    How we should diversify portfolio properly.
    Thx

    • Dilip, Both are different. Value mutual funds invests in under valued + high dividend yield stocks. Growth mutual funds on other side can be any equity fund that invests for growth perspective. I would advice you invest in any consistent performing mutual fund with growth option.

  • MB

    Dear Sir,

    Thank you for this insight.

    Can you suggest, a free MFs screener for checking 10 years + returns?

    Thank you

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