A further analysis of the data showed that out of 171 funds, 170 gave double-digit returns and only one gave single digit return in the mentioned period.
The top two funds in the list were from Quant Mutual Fund. Quant Small Cap Fund and Quant ELSS Tax Saver Fund – offered a CAGR of 25.75% and 21.98% respectively in the mentioned time period.
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Motilal Oswal Midcap Fund delivered a CAGR of 21.69% in the similar time period, followed by the largest small cap fund. Nippon India Small Cap Fund, the largest small cap fund based on assets managed, delivered a CAGR of 21.62% in the above mentioned period.
Quant Mid Cap Fund posted a CAGR of 21.47% in the last seven years. Axis Small Cap Fund and Nippon India Growth Fund posted a CAGR of 21.16% and 20.78% respectively in the said time period. Quant Flexi Cap Fund gave a CAGR of 20.50% in the mentioned time horizon. Invesco India Midcap Fund was the last one in the list to deliver over 20% CAGR in the same time period. The fund gave 20.25% CAGR in the last seven years.The other 161 funds in the list delivered CAGR ranging between 10.35% to 19.91% in the last seven years. Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, offered a CAGR of 19.55% in the above mentioned period.
The largest contra fund and mid cap fund based on assets managed offered less than 20% CAGr in the seven year period. SBI Contra Fund and HDFC Mid-Cap Opportunities Fund offered 19.04% and 18.96% CAGR respectively in the similar time period.
The oldest ELSS fund, SBI Long Term Equity Fund, posted a CAGR of 17.76% in the said period. SBI BlueChip Fund, a prominent large cap fund, delivered a CAGR of 13.23% in the similar time period.
Aditya Birla SL Equity Advantage Fund and Aditya Birla SL Small Cap Fund posted a CAGR of 11.66% and 11.49% respectively in the mentioned time horizon.
Axis Focused Fund, the last one in the list to offer double-digit returns, gave a CAGR of 10.35% in the above mentioned time period.
Outliner
Aditya Birla SL ELSS Tax Saver Fund, the only fund to offer single-digit return, delivered a CAGR of 9.51% in the mentioned time period.
We considered all equity mutual funds excluding sectoral and thematic funds. We considered regular and growth options. We calculated the trailing returns for the last seven years.
Note, the above exercise is not a recommendation. The exercise was done to identify those equity mutual funds that gave over 20% CAGR in the last seven years. One should not make investment or redemption decisions based on the above exercise.
One should always consider their risk appetite, investment horizon and goals before making any investment decision.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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