Highest Return Mutual Funds of the Last 10 Years in India (2026)
Live · updated 2026-09-16 Ranked by data, refreshed from daily NAVs
The raw 10-year champions by CAGR, with a caution built into the page: raw return ignores the ride - check each fund's drawdown before being impressed. This page is recomputed from NAV data every day, so it cannot go stale, and every fund on it links to a full research page with returns, risk, SIP outcomes, holdings and manager track record.
These are the raw compounding champions of the last decade - the funds that turned money into the most money over ten years, full stop. A 20% CAGR over 10 years turns ₹1 lakh into ₹6.2 lakh; the funds below have done that or better, through at least one full market cycle including the 2020 crash.
Now the honest caution this list demands: raw 10-year return hides the ride. Some funds on it made their investors endure 50%+ falls on the way, and most people who actually held them earned far less than the published CAGR because they entered late, exited early, or both. Read this list next to its worst-fall column, and remember that the last decade's champion list and the next decade's rarely match. History is a record, not a forecast.
Tap any column heading to sort. Every fund name links to its full review.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | UTI - Overnight Fund | 84 | 68 | 1.3% | 2.6% | 5.3% | 6.1% | 5.7% | 67.0% | -1.7 | 6.0% | -0.8% |
| 2 | Nippon India Small Cap Fund | 40 | 62 | 3.3% | 17.1% | 7.2% | 14.3% | 18.2% | 20.9% | 0.46 | 25.8% | -48.6% |
| 3 | Nippon India Small Cap Fund | 40 | 62 | 3.3% | 17.1% | 7.2% | 14.3% | 18.2% | 20.9% | 0.46 | 25.8% | -48.6% |
| 4 | quant Small Cap Fund | 64 | 64 | 5.4% | 24.3% | 13.3% | 16.8% | 18.9% | 20.7% | 0.55 | 18.3% | -51.6% |
| 5 | quant Infrastructure Fund | 73 | 59 | -0.7% | 18.3% | 10.3% | 16.9% | 18.1% | 20.3% | 0.49 | 18.7% | -46.0% |
| 6 | quant ELSS Tax Saver Fund | 93 | 75 | 1.5% | 13.2% | 10.9% | 13.6% | 14.7% | 19.8% | 0.41 | 22.0% | -36.1% |
| 7 | Invesco India Midcap Fund | 86 | 89 | 3.1% | 15.5% | 7.8% | 22.4% | 18.9% | 19.4% | 0.88 | 23.4% | -34.1% |
| 8 | BANK OF INDIA Manufacturing & Infrastructure Fund | 78 | 77 | 1.5% | 15.8% | 15.7% | 20.8% | 20.1% | 19.4% | 0.78 | 20.4% | -43.5% |
| 9 | Axis Small Cap Fund | 55 | 74 | 5.9% | 20.0% | 8.7% | 14.7% | 15.5% | 19.3% | 0.53 | 19.9% | -34.6% |
| 10 | quant Flexi Cap Fund | 82 | 65 | -0.7% | 13.7% | 11.0% | 14.4% | 14.1% | 19.2% | 0.46 | 19.6% | -41.3% |
| 11 | DSP World Mining Overseas Equity Omni FoF | 94 | 52 | 0.4% | 9.9% | 62.3% | 29.2% | 20.0% | 19.1% | 0.76 | 11.2% | -62.2% |
| 12 | DSP US Specific Equity Omni FoF | 80 | 71 | -1.7% | 17.7% | 32.1% | 27.1% | 19.1% | 19.0% | 1.04 | 14.3% | -28.1% |
| 13 | SBI Small Cap Fund | 57 | 49 | 6.7% | 21.4% | 6.1% | 11.3% | 13.9% | 18.9% | 0.32 | 22.7% | -40.3% |
| 14 | Invesco India Infrastructure Fund | 58 | 69 | -2.6% | 13.5% | 2.9% | 17.9% | 18.2% | 18.6% | 0.54 | 22.8% | -36.2% |
| 15 | quant Multi Asset Allocation Fund | 89 | 70 | -0.6% | 4.7% | 15.8% | 21.4% | 19.4% | 18.6% | 1.24 | 16.3% | -44.8% |
This list returns: 1 month to 10 years𝕏 Share this statWhatsApp
Over the last 1 year, the funds on this list averaged 4.2% - the best, DSP World Mining Overseas Equity Omni FoF, returned 62.3% while the weakest managed -89.3%. That spread is why picking within the funds on this list matters. Over 10 years the average compounding rate is 11.1% a year, which turned ₹1 lakh into about ₹286,500.
| Period | Average | Median | Best fund | Weakest |
|---|---|---|---|---|
| 1 month | -2.2% | -2.4% | HSBC Brazil Fund (11.0%) | -8.5% |
| 3 months | 0.7% | 1.1% | Motilal Oswal Focused Fund (10.9%) | -89.8% |
| 6 months | 5.0% | 3.4% | Motilal Oswal Focused Fund (28.0%) | -89.7% |
| 1 year | 4.2% | 4.5% | DSP World Mining Overseas Equity Omni FoF (62.3%) | -89.3% |
| 3 years (CAGR) | 10.6% | 8.8% | DSP World Gold Mining Overseas Equity Omni FoF (56.0%) | -50.4% |
| 5 years (CAGR) | 9.8% | 8.7% | DSP World Gold Mining Overseas Equity Omni FoF (29.9%) | -32.9% |
| 10 years (CAGR) | 11.1% | 11.2% | UTI - Overnight Fund (67.0%) | -15.7% |
Averages across every qualifying fund, refreshed daily. Best-fund links open that fund's full review.
What ₹1 lakh became
The same returns, translated into money - at the average pace and at the best fund's pace:
| Held for | Average pace | ₹1 lakh → (average) | ₹1 lakh → (best fund) |
|---|---|---|---|
| 1 year | 4.2% a year | ₹104,200 | ₹162,300 |
| 3 years | 10.6% a year | ₹135,300 | ₹379,600 |
| 5 years | 9.8% a year | ₹159,600 | ₹369,900 |
| 10 years | 11.1% a year | ₹286,500 | ₹16,871,900 |
Pre-tax, from historical returns. The averages smooth over a very bumpy ride - see the worst-fall column in the ranking above for what the journey involved.
This list by the numbers
| Funds that qualify | 522 |
| Combined assets | ₹5,360,392 Cr |
| Average 3-year return | 10.6% a year (best 56.0%, weakest -50.4%) |
| Average 5-year return | 9.8% a year |
| Average worst-ever fall | -25.2% (deepest: -98.4%) |
| Average expense ratio (Direct) | 0.69% |
| Largest fund by assets | Parag Parikh Flexi Cap Fund (₹141,446 Cr) |
Put the risk number in rupees: at the average worst fall of -25.2%, ₹1 lakh temporarily becomes about ₹74,800. That is the stretch every ranked fund's investors had to sit through at some point - the ranking rewards the funds that made that wait worthwhile.
Momentum check: what is hot right now
As of 2026-09-16, 95 of the 522 funds here rate RS 90 or above (top-decile recent momentum versus peers). The strongest momentum belongs to Nippon India Conservative Hybrid Fund (RS 99/99). Average return over the last 3 months: 0.7%; over 6 months: 5.0%. Momentum is a snapshot, not a ranking criterion here - but it tells you whether this corner of the market is currently in favour.
Before you pick a 10-year performer: four checks
- Read each fund's drawdown history before being impressed - most decade champions charged a brutal toll on the way.
- Check who managed the fund through the record (manager section on its page) - a record under a departed manager is history twice over.
- Compare the 10-year figure with the median rolling return: a big gap means the average investor's experience was far worse than the headline.
- Ask what the fund owns today - a decade-old record says nothing about whether its current portfolio can repeat it.
Every fund page prints the deepest peak-to-bottom fall in rupees, not just percent - plus the best and worst 12-month stretch it ever handed an investor.
How to read the table
RS (1-99) is recent momentum versus category peers - 99 is the hottest right now. King (0-100) is the long-term quality composite this list is ranked by. 3M/6M are recent returns; 3Y and 5Y CAGR are annualised longer records. Sharpe is return earned per unit of volatility - higher means smoother compounding. Roll 3Y is the median of every 3-year holding period in the fund's history, the fairest single return number a fund has. Worst fall is the deepest peak-to-bottom loss ever - the number that tests whether you would have stayed invested. Missing values show as n/a, usually because the fund is too young for that measurement.
The top 10, decoded𝕏 Share this statWhatsApp
- UTI - Overnight Fund (Overnight Fund) - King Score 68/100, RS 84/99 right now. 3-year return 6.1% a year, against a worst-ever fall of 0.8% (₹1 lakh briefly ₹99,200). 5-year pace 5.7% a year, median 3-year rolling return 6.0%, sharpe -1.7.
- Nippon India Small Cap Fund (Small Cap Fund) - King Score 62/100, RS 40/99 right now. 3-year return 14.3% a year, against a worst-ever fall of 48.6% (₹1 lakh briefly ₹51,400). 5-year pace 18.2% a year, median 3-year rolling return 25.8%, sharpe 0.46.
- Nippon India Small Cap Fund (Small Cap Fund) - King Score 62/100, RS 40/99 right now. 3-year return 14.3% a year, against a worst-ever fall of 48.6% (₹1 lakh briefly ₹51,400). 5-year pace 18.2% a year, median 3-year rolling return 25.8%, sharpe 0.46.
- quant Small Cap Fund (Small Cap Fund) - King Score 64/100, RS 64/99 right now. 3-year return 16.8% a year, against a worst-ever fall of 51.6% (₹1 lakh briefly ₹48,400). 5-year pace 18.9% a year, median 3-year rolling return 18.3%, sharpe 0.55.
- quant Infrastructure Fund (Sectoral/ Thematic) - King Score 59/100, RS 73/99 right now. 3-year return 16.9% a year, against a worst-ever fall of 46.0% (₹1 lakh briefly ₹54,000). 5-year pace 18.1% a year, median 3-year rolling return 18.7%, sharpe 0.49.
- quant ELSS Tax Saver Fund (ELSS) - King Score 75/100, RS 93/99 right now. 3-year return 13.6% a year, against a worst-ever fall of 36.1% (₹1 lakh briefly ₹63,900). 5-year pace 14.7% a year, median 3-year rolling return 22.0%, sharpe 0.41.
- Invesco India Midcap Fund (Mid Cap Fund) - King Score 89/100, RS 86/99 right now. 3-year return 22.4% a year, against a worst-ever fall of 34.1% (₹1 lakh briefly ₹65,900). 5-year pace 18.9% a year, median 3-year rolling return 23.4%, sharpe 0.88.
- BANK OF INDIA Manufacturing & Infrastructure Fund (Sectoral/ Thematic) - King Score 77/100, RS 78/99 right now. 3-year return 20.8% a year, against a worst-ever fall of 43.5% (₹1 lakh briefly ₹56,500). 5-year pace 20.1% a year, median 3-year rolling return 20.4%, sharpe 0.78.
- Axis Small Cap Fund (Small Cap Fund) - King Score 74/100, RS 55/99 right now. 3-year return 14.7% a year, against a worst-ever fall of 34.6% (₹1 lakh briefly ₹65,400). 5-year pace 15.5% a year, median 3-year rolling return 19.9%, sharpe 0.53.
- quant Flexi Cap Fund (Flexi Cap Fund) - King Score 65/100, RS 82/99 right now. 3-year return 14.4% a year, against a worst-ever fall of 41.3% (₹1 lakh briefly ₹58,700). 5-year pace 14.1% a year, median 3-year rolling return 19.6%, sharpe 0.46.
Frequently asked questions
Which is the best 10-year performer right now?
On our data-driven ranking as of 2026-09-16, UTI - Overnight Fund scores highest (King Score 68/100). That is a description of its record versus peers, not a recommendation - rankings move as NAVs update, and the right fund depends on your goals and risk tolerance.
Will these funds repeat this over the next 10 years?
Nobody knows, and the base rates are humbling: decade-topping funds are frequently mid-pack the following decade, because the styles and sectors that led one cycle rarely lead the next. Use this list as a record of what compounding at 56.0%-class rates looks like, not as a prediction.
Why is 10-year CAGR different from what investors actually earned?
CAGR assumes one investment at the start, held untouched for ten years. Real investors add money over time, often after good years, and withdraw after bad ones - so the money-weighted return most people earned in these funds is lower than the published CAGR. The SIP numbers on each fund's page are usually the more honest mirror.
What is the average 1-year return of 10-year performers right now?
As of 2026-09-16, the 522 qualifying funds averaged 4.2% over the last year (median 4.5%). The best, DSP World Mining Overseas Equity Omni FoF, returned 62.3%; the weakest returned -89.3%. One year is weather, not climate - check the 5 and 10 year columns before drawing conclusions.
Which 10-year performer gave the highest return in the last 10 years?
UTI - Overnight Fund leads with 67.0% a year over 10 years - ₹1 lakh became about ₹16,871,900 pre-tax. The average across funds with a 10-year record is 11.1% a year. A decade-long record says a lot about the past and nothing certain about the next decade.
How is this list ranked?
Schemes with 10+ years of history, sorted by 10-year CAGR (AUM above ₹100 crore). The full formulas are public - see our methodology page. No fund pays to be here and rankings cannot be bought.
Should I invest in the #1 fund on this list?
We cannot tell you that - MF Terminal is descriptive research, not investment advice. A top rank says the past record was strong versus peers. Read the fund's full page, check the drawdowns you would have to sit through, and decide against your own horizon.
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Every fund page prints the deepest peak-to-bottom fall in rupees, not just percent - plus the best and worst 12-month stretch it ever handed an investor.
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All figures pre-tax, from AMFI NAV history. Rankings are descriptive and change with the data. Nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.