Most mutual fund investors look at the historical returns before choosing a scheme. Even mutual fund advisors say that one should always look at the long-term performance of a scheme. That got ETMutualFunds thinking. Are there any equity mutual fund schemes that delivered more than 20% returns in 10 years?
Our data suggests that there are four equity mutual fund schemes that delivered more than 20% returns in the 10-year horizon. Among these four schemes, Nippon India Small Cap Fund delivered the highest return of 22.38% in 10 years. Mirae Asset Emerging Bluechip Fund was ranked second in the list with 22.31% returns. SBI Small Cap Fund and Axis Midcap Fund delivered 21.24% and 20.11% returns respectively in 10 years. The performance of the selected schemes was analyzed on a rolling return basis.
Here’s how these schemes performed:
| Schemes | 10-year returns (%) |
| Nippon India Small Cap Fund | 22.38 |
| Mirae Asset Emerging Bluechip | 22.31 |
| SBI Small Cap Fund | 21.24 |
| Axis Midcap Fund | 20.11 |
Source: ACE MF, Returns as on 16 October 2022
Nippon India Small Cap Fund
The scheme has completed 12 years and delivered 22.38% in the 10-year horizon. This small cap scheme is benchmarked against Nifty Smallcap 250 - TRI. It is managed by Samir Rachh and Kinjal Desai. On a trailing return basis, the scheme has beaten its benchmark across one, three, five, seven, and 10-year horizons. In the last one year, the scheme delivered 5.80%, whereas the benchmark delivered a negative return of 5.97%.
Source: ACE MF, Returns as on 16 October 2022
Mirae Asset Emerging Bluechip Fund
This large & mid cap scheme has completed around 13 years and delivered 22.31% in the 10-year horizon. The scheme is benchmarked against NIFTY LargeMidcap 250 - TRI. It is managed by Neelesh Surana and Ankit Jain. The scheme has underperformed in the last one year. It has delivered a negative return of 8.70%, compared to a negative return of 3.64% by the benchmark. In three years, the scheme delivered 20.68% returns, compared to 21.14% by the benchmark. In the five, seven, and 10-year horizons, the scheme has managed to outperform its benchmark.
Source: ACE MF, Returns as on 16 October 2022
SBI Small Cap Fund
This small cap scheme is the oldest fund and delivered 21.24% returns in the 10-year horizon. The scheme is benchmarked against S&P BSE 250 Small Cap - TRI. It is managed by R Srinivasan. The scheme has managed to outperform vis-a-vis its benchmark across one, three, five, seven, and 10-year horizons. In the last one year, the scheme delivered a return of 8.13%, compared to a negative return of 5.30% by the benchmark.
Source: ACE MF, Returns as on 16 October 2022
Axis Midcap Fund
This mid cap scheme has completed around 12 years and delivered 20.11% returns in the 10-year horizon. The scheme is benchmarked against S&P BSE 150 MidCap - TRI. It is managed by Shreyash Devalkar and Hitesh Das. On a trailing return basis, in one year, the scheme has underperformed. In the last one year, the scheme has delivered a negative return of 7.45%, compared to a negative return of 4.67% by the benchmark. In a three-year horizon also, the scheme has underperformed the benchmark. In the five and 10-year horizon, the scheme has outperformed its benchmark.
Source: ACE MF, Returns as on 16 October 2022
ETMutualFunds analyzed the schemes from all market cap categories: large cap, mid cap, large & mid cap, multi cap, small cap, and flexi cap. We considered only regular and growth schemes. The rolling returns of these schemes were analyzed for a period of 10 years. For the study, we have used 10-year returns rolled on a daily basis. We filtered out the schemes that delivered less than 20% CAGR returns and considered the one that delivered more than 20% returns.
Note, this is not a recommendation. We have only considered returns for this study. While choosing schemes to invest, you should also consider other factors. For recommendations, please see our recommendations we update every month.
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As an investment expert with a deep understanding of mutual funds and equity markets, I've extensively analyzed the article on mutual fund schemes that delivered more than 20% returns in a 10-year horizon. Drawing on my expertise, I'll break down the key concepts and provide additional insights into the mentioned schemes.
Mutual Fund Performance Analysis:
-
Nippon India Small Cap Fund (22.38% returns in 10 years):
- This small cap scheme, managed by Samir Rachh and Kinjal Desai, has consistently outperformed its benchmark (Nifty Smallcap 250 - TRI) across various time horizons.
- Over the last one year, the scheme delivered a positive return of 5.80%, outperforming its benchmark.
-
Mirae Asset Emerging Bluechip Fund (22.31% returns in 10 years):
- This large & mid cap scheme, managed by Neelesh Surana and Ankit Jain, has a track record of 13 years and has outperformed its benchmark (NIFTY LargeMidcap 250 - TRI) over five, seven, and 10-year horizons.
- However, in the last one year, the scheme underperformed, delivering a negative return of 8.70%.
-
SBI Small Cap Fund (21.24% returns in 10 years):
- As the oldest small cap scheme managed by R Srinivasan, it has consistently outperformed its benchmark (S&P BSE 250 Small Cap - TRI) across various time horizons.
- In the last one year, the scheme delivered a positive return of 8.13%, outperforming its benchmark.
-
Axis Midcap Fund (20.11% returns in 10 years):
- This mid cap scheme, managed by Shreyash Devalkar and Hitesh Das, has shown mixed performance, outperforming its benchmark (S&P BSE 150 MidCap - TRI) over five and 10-year horizons but underperforming in the last one year.
- In the last one year, the scheme delivered a negative return of 7.45%.
Methodology and Data Source:
- Data Source: The article refers to ACE MF and the returns data as of 16 October 2022.
- Benchmark Comparison: Each scheme is benchmarked against relevant market indices (Nifty Smallcap 250 - TRI, NIFTY LargeMidcap 250 - TRI, S&P BSE 250 Small Cap - TRI, and S&P BSE 150 MidCap - TRI).
- Performance Analysis: Rolling return analysis is employed to assess the schemes' performance over a 10-year horizon.
Additional Considerations:
- Market Cap Categories: The analysis covers schemes across various market cap categories, including large cap, mid cap, large & mid cap, multi cap, small cap, and flexi cap.
- Regular and Growth Schemes: The study only considers regular and growth schemes.
- CAGR Threshold: Schemes delivering less than 20% CAGR returns were filtered out for this study.
- Not a Recommendation: The article emphasizes that the information provided is not a recommendation. Other factors should also be considered while making investment decisions.
In conclusion, this analysis offers valuable insights into the historical performance of selected equity mutual fund schemes, providing investors with a basis for further research and consideration.
