Mutual Funds: Top-performing large, multi-cap, ELSS funds in last 5 years (2024)

FAQs

Which mutual fund has the highest return in the last 5 years? ›

What are the Top Performing Mutual Funds In Last 5 Years? Based on the 5-year CAGR, The top-performing mutual funds in the last 5 years include the ICICI Pru Overnight Fund, Quant Small Cap Fund, Quant Infrastructure Fund, Quant Mid Cap Fund, and Quant ELSS Tax Saver Fund.

The top performing mutual funds over the last three years include Nippon India Small Cap Fund, Quant Small Cap Fund, HSBC Small Cap Fund, Tata Small Cap Fund, and ICICI Pru BHARAT 22 FOF.

Ratio analysis

While investing in an ELSS it is very important to look at these ratios to understand whether the fund is worth investing in or not. Some of the common ratios that will help you to understand the risk and return potential of all the funds better are Standard Deviation, Sharpe Ratio, Treynor Ratio, etc.

Investing in two different ELSS funds can benefit your portfolio, especially if you aim for tax deductions. ELSS funds offer the dual benefit of tax savings and potential capital appreciation, making them attractive investment options.

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 35.04% & 32.21%. The Nippon India Small Cap Fund comes under the Equity category of Nippon India Mutual Funds.

Here are 5 mutual fund schemes with highest 3-year returns along with their expense ratios: Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order. 1.

3-year-returns (%) (regular)

Other ELSS mutual fund schemes which gave more than 25 per cent return are HDFC ELSS Tax Saver Fund (26.79%) and Motilal Oswal ELSS Tax Saver Fund (25.21%). At the same time, lowest returns were given by Kotak ELSS Tax Saver Fund (21.11%) and DSP ELSS Tax Saver Fund (21.29%).

Which ELSS is best to invest in 2024? ›

Equity-Linked Savings Schemes have a few drawbacks, such as higher risk, no guarantee of returns and a lock-in period of 3 years. That said, ELSS has a plethora of benefits that far outweigh its disadvantages, making it a good investment option for investors with high risk tolerances.

You can invest in ELSS the same way that you invest in any Mutual Fund. The easiest way is through an Online Investment Services Account. You can invest either as a lump sum or via the SIP (systematic investment plan) route.

Hence investing any time in them doesn't make much difference. However, since ELSS is a market-linked equity-based savings instrument, unlike the National Savings Certificate (NSC), Public Provident Fund (PPF), old pension scheme or any other fixed return debt-oriented savings instrument.

ELSS has higher returns potential, but also higher risk and volatility, while PPF has lower returns, but also lower risk and stability. ELSS is taxed at 10% on long-term capital gains exceeding Rs. 1 lakh per year, while PPF is tax-free at all stages.

​Two schemes have offered double-digit return in 2024 so far. Quant BFSI Fund and SBI Banking & Financial Services Fund gave 19.10% and 10.29% returns, respectively. Nippon India Banking & Financial Services Fund, the oldest scheme in the category, offered 4.03% return in 2024 so far.

Some of the top mutual funds for SIP over a 10-year period include HDFC Balanced Advantage Fund, ICICI Pru Bluechip Fund, Mirae Asset Large Cap Fund, HDFC Small Cap Fund, and HDFC Hybrid Equity Fund. These funds have demonstrated consistent performance and growth potential over the long term.