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Consistently top performing equity mutual funds over the last 5

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Created on
January 30, 2023


What’s Inside

Have you been wondering what the best performing funds in the last 5 years were? We're here to answer just that!

List of top performing equity funds

Axis Bluechip Fund Direct-Growth 

This fund has offered the highest returns in the last five years. It aims to generate long-term capital growth by investing in a diversified portfolio predominantly consisting of equity & equity-related instruments of large-cap companies.

Canara Robeco Bluechip Equity Fund Direct-Growth 

Launched by Canara Robeco Mutual Fund is well-known among the Best Return Mutual Fund in the Last 5 Years. The fund seeks to provide capital appreciation by predominantly investing in companies having a large market capitalisation (any of the top 150 stocks ranked based on market capitalisation).

PGIM India Mid-Cap Opportunities Fund Direct-Growth 

Launched by PGIM India Mutual Fund. The scheme seeks to achieve long-term capital appreciation by predominantly investing in equity & equity-related instruments of mid-cap companies.

Axis Mid-Cap Direct-Plan-Growth 

Launched by Axis Mutual Fund. The scheme seeks to achieve long-term capital appreciation by investing predominantly in equity & equity-related instruments of Mid Cap companies.

Nippon India Small-Cap Fund-Growth

Launched by Nippon India Mutual Fund. The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of small-cap companies.

SBI Small Cap Fund Direct-Growth

Launched by SBI Mutual Fund. The scheme seeks to provide investors with opportunities for long-term capital growth along with an open-ended scheme's liquidity by investing predominantly in a well-diversified basket of equity stocks of small-cap companies.

Parag Parikh Flexi-Cap Fund Direct-Growth

Launched by PPFAS Mutual Fund. The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity-related instruments.

PGIM India Flexi-Cap Fund Direct-Growth

Launched by PGIM India Mutual Fund. The scheme seeks to generate income & capital appreciation by predominantly investing in an actively managed diversified portfolio of equity & equity-related instruments, including derivatives.

Quant Tax Plan-Growth

Launched by Quant Mutual Fund. The scheme aims to generate capital appreciation by investing predominantly in equity shares with growth potential. The secondary objective is to give dividends and other income. 

Mirae Asset Tax Saver Fund Direct-Growth

Launched by Mirae Asset Mutual Fund. The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.

Are equity funds safe?

Equity Funds invest in stock markets that see-saw. As a result, the risk is higher in the short term compared to instruments like FDs. However, if you stay invested long enough, the probability of loss is almost zero, and that of making good returns is exceptionally high.

Even though equity investments have their fair share of advantages, they also bear a few disadvantages. Some of them are as follows.

High market risk

Investing in equity shares exposes investors to high risk as compared to other investment options like debt instruments. An investor can risk losing their entire investment corpus by investing in equity shares.

Performance-related risks

Equity investments are market-related instruments and might not perform according to an investor’s expectations. This is known as performance-related risk and can affect individual stocks as well as stocks across a sector or sectors.

Risk of inflation

A company’s worth can be diluted due to rising inflation; subsequently, its shares might not generate potential returns.

Liquidity risk

Due to liquidity risk, investors might have to sell their shares at a much lower price than their fair market value. Liquidity risk arises when a company is unable to meet its debt obligations in the short term.

Risks arising out of social and political changes

Ongoing social and political issues in a country can hamper the growth of a business. For example, if a government decides to promote indigenous businesses, it might restrict the entry of foreign businesses into the country. If an investor has invested in home-grown businesses, they, in this scenario, will profit from the better performance of their investments.

Which equity mutual fund gives the highest return?

Best equity mutual funds 2022 could be reviewed below:

  • Axis Bluechip Fund
  • Mirae Asset Large Cap Fund
  • Nippon India Growth Fund
  • Axis Midcap Fund
  • UTI Nifty Index Fund
  • HDFC Index Nifty 50 fund
  • Parag Parikh Flexi Cap fund
  • Invesco India Growth Opportunities Fund
  • Mirae Asset Tax Saver Fund
  • Canara Robeco Equity Tax Saver fund

Best Performing Mutual Funds to Invest In India

Here’s the list of the top 10 best-performing equity mutual funds now:

How can I redeem my profit from mutual funds?

Once the reason for redemption is finalised, you can redeem your mutual fund units through any of the following methods.

Directly Through your AMC

If you have invested directly in a mutual fund with the asset management company (AMC), you can redeem using their online portal. You can choose to sell some units or all, as per your requirement. One can also redeem units offline by visiting the AMC office. After your request is processed, you will receive the redemption amount via NEFT or through a cheque sent to the registered address. Usually, the online mode is much faster, in which the amount gets credited in a day or two.

Through a Trading or Demat Account

If you bought the mutual funds through a Demat account or trading account, you will have to redeem your units through the same account. Once the process is completed, an electronic payout (NEFT or IMPS) against the redemption request will be made. The amount will be credited to the same bank account registered with the Demat account.

Offline through an Agent or a Distributor

Central services such as CAMS and Prudent Corporate Advisory Services also provide the facility of redeeming mutual funds bought from several AMCs. Download a redemption form, and submit the duly filled and signed form at the nearest CAMS office.

Summing it up

The underlying aim of any investment should always be wealth creation, capital protection, and appreciation. It is advisable to have some part of one’s portfolio invested in open-ended mutual funds to help during unanticipated events. This ensures liquidity. 

One should avoid selling off funds that are built to meet a particular goal. Also, be mindful of the tax implications and exit loads that apply when redeeming your mutual fund units. To maximise the benefits of flexible funds, one should invest with a longer investment horizon.

Frequently Asked Questions

How can I grow my money in 5 years?

To grow your money in 5 years:

  1. Set clear financial goals and create a budget to save regularly.
  2. Diversify your investments across different asset classes.
  3. Consider stock market investments or mutual funds/ETFs for potential growth.
  4. Stay informed, assess your risk tolerance, and seek advice from a financial advisor.

How to make ₹1 Crore in 5 years with mutual funds?

To potentially make 1 crore in 5 years through mutual funds:

  1. Set aside a significant amount for investment.
  2. Choose mutual funds with a track record of consistent high returns.
  3. Regularly invest a substantial portion of your savings into these funds.
  4. Monitor and review your investments periodically, considering market conditions and adjusting as needed. Note that achieving such returns is subject to market risks and individual results may vary.


Investment and securities are subject to market risks. Please read all the related documents carefully before investing. The contents of this article are for informational purposes only, and not to be taken as a recommendation to buy or sell securities, mutual funds, or any other financial products.
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Consistently top performing equity mutual funds over the last 5


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