List of Top Mutual Funds with the Highest Return in the Last 10 Years

Over the past decade, India’s mutual fund industry has seen remarkable growth, with total assets under management (AUM) expanding more than six-fold from about ₹12.75 tn in 2015 to over ₹80 tn by end-2025, reflecting increasing investor participation and robust market performance. In this article, we will explore a list of the top mutual funds sorted according to their 10Y CAGR, how to invest in these funds and more!

List of Top Performing Equity Mutual Funds in India

Here’s the list of top 10 best mutual funds in India sorted based on 10-year CAGR.

Note: The data on the list of the best mutual funds in India is from 2nd February 2026. This data is derived from the Tickertape Mutual Funds Screener.

Selection Criteria:

• Plan: Growth
• Category: Equity
• 10Y CAGR: Sort from Highest to Lowest

🚀 Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.

Overview of Best Performing Mutual Funds in India

Here are brief overviews of the top 10 high return mutual funds in India in the last 10 years:

DSP World Mining Overseas Equity Omni FoF

DSP World Mining Overseas Equity Omni FoF invests in overseas equity funds focused on global mining companies. The fund-of-funds structure provides exposure to international mining businesses that extract metals, minerals, and natural resources across various regions.

DSP World Gold Mining Overseas Equity Omni FoF

DSP World Gold Mining Overseas Equity Omni FoF invests in overseas equity funds that focus on gold mining companies worldwide. This fund-of-funds targets companies involved in mining and producing gold, offering exposure to mining operations rather than just gold prices.

Nippon India Small Cap Fund

Nippon India Small Cap Fund invests primarily in small-cap companies ranked beyond the top 250 by market capitalisation on Indian stock exchanges. The fund manager actively selects stocks based on growth potential, business fundamentals, and valuation.

Quant ELSS Tax Saver Fund

Quant ELSS Tax Saver Fund is an Equity Linked Savings Scheme that offers tax deduction benefits under Section 80C. The fund invests across market capitalisations with a mandatory three-year lock-in period and follows an active management approach.

DSP Natural Resources & New Energy Fund

DSP Natural Resources & New Energy Fund invests in companies operating in the natural resources and new energy sectors. The portfolio includes businesses from conventional resources like oil, gas, and mining, alongside renewable energy companies in solar, wind, and clean energy.

Invesco India Gold ETF FoF

Invesco India Gold ETF FoF invests in gold exchange-traded funds, specifically the Invesco India Gold ETF. This fund-of-funds provides exposure to domestic gold prices without requiring investors to hold physical gold or maintain a demat account.

Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund invests in mid-cap companies ranked between 101 and 250 by market capitalisation. The fund manager selects stocks through fundamental analysis and spreads investments across various sectors while maintaining a mid-cap focus.

Franklin Build India Fund

Franklin Build India Fund invests in companies involved in India’s infrastructure development. The portfolio includes businesses from construction, cement, power, transportation, and related sectors that directly participate in or support infrastructure projects.

HDFC Mid Cap Fund

HDFC Mid Cap Fund targets mid-cap companies ranked between 101 and 250 by market capitalisation on Indian exchanges. The fund manager uses a bottom-up stock selection approach and balances growth and value investing styles within the mid-cap segment.

Kotak Midcap Fund

Kotak Midcap Fund invests primarily in mid-cap equity stocks ranked between 101 and 250 by market capitalisation. The fund manager actively picks stocks based on business quality, management strength, and growth prospects across multiple sectors.

What are the Best Mutual Funds in India?

Mutual funds with high returns over the past decade may attract attention based on factors such as historical performance and growth potential. Funds that have delivered consistent returns may be viewed as stable. Some equity funds are known for their ability to grow steadily while navigating market fluctuations. Mutual funds with a strong Compound Annual Growth Rate (CAGR) over the last 10 years have typically endured through various market cycles. Index funds that track broad market indices like the Nifty are another option for investors seeking long-term exposure.

Taxation on Best Mutual Funds in India

Since many mutual funds in India are equity-oriented (index funds or active equity funds), their taxation follows the rules for equity mutual funds as per the 2024 Union Budget.

Dividends from Best Mutual Funds in India

Any dividends received are taxed according to the investor’s income tax slab. Since mutual funds often involve short-term rebalancing, taxation can have a higher impact if units are sold frequently within a year.

How to Invest in the Best Mutual Funds in India?

You can easily start to invest in mutual funds in India by following these steps:

• To invest in the best performing mutual funds, you can visit a mutual fund investment platform such as smallcase.
• The next step is to research and identify the highest return mutual fund in last 10 years that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare mutual funds investment plans for beginners based on parameters such as returns, expense ratio, and fund size.
• Once you shortlist the funds, visit smallcase, log in, and search for the best mutual fund in India by name. You can then choose the investment mode, either a one-time lump sum or a mutual fund SIP, and complete the process.

Here are a few popular smallcases among new investors:

Advantages of Investing in the Best Mutual Funds in India

• Diversification: Mutual funds offer the opportunity to invest in multiple securities, which can help spread risk and potentially reduce the impact of market volatility.
• Professional Management: Mutual funds are managed by professionals who utilise market analysis to guide investment decisions.
• Tax Benefits: Some mutual funds, like ELSS (Equity Linked Savings Schemes), qualify for tax deductions under Section 80C.
• Consistent Returns: Some mutual funds investment plans for beginners are designed to deliver consistent mutual fund returns, with a history of stable performance over time.

Risks of Investing in Best Mutual Funds in India

• Market Risk: Equity mutual funds are subject to market fluctuations. In periods of economic downturn, the value of these funds may decrease.
• Interest Rate Risk: Debt funds are sensitive to interest rate changes. Rising interest rates may cause prices to fall, affecting the long-term investment returns in India of debt-based mutual funds.
• Credit Risk: Funds that invest in corporate bonds or debt securities may face the risk of issuer defaults, especially in low-rated bonds.
• Liquidity Risk: Some of the best performing mutual funds, particularly sectoral or thematic funds, may not have sufficient market liquidity, making it difficult to buy or sell units at expected prices.
• Concentration Risk: Sectoral funds, while potentially offering high returns, are concentrated in specific industries, making them more vulnerable to sector-specific downturns.

Factors to Consider Before Investing in Best Mutual Funds in India

• Investment Goal: Determine whether you are aiming for short-term gains or long-term mutual fund returns. Funds with a long track record may offer different perspectives on performance.
• Risk Tolerance: Understand your comfort level with risk. Some of the best performing mutual funds may experience more fluctuations, while others may offer more stability.
• Expense Ratio: The expense ratio indicates the cost of managing a fund. Funds with lower expense ratios might help retain a larger portion of the best mutual fund in India returns.
• Performance History: Reviewing a fund’s past performance can provide insight into its consistency over time.

Who Can Consider Investing in the Best Mutual Funds in India?

• Long-Term Investors: Those looking for steady growth over time might prefer funds with consistent returns over a 10-year period, which tend to perform well through market fluctuations.
• New Investors: Beginners in investing often gravitate toward long-term equity funds, as these generally offer a mix of growth potential and stability.
• Retirement Savers: Individuals focused on retirement savings may look for mutual fund investment plans that deliver consistent returns over time. Mutual fund investment plans with strong historical performance may align with these objectives.

To Wrap It Up

Mutual fund selection should take into account individual investment goals, risk tolerance, and time frame. Funds with consistent returns and long-term growth may suit some investors, while others might consider higher-risk options for potentially higher returns. A mutual fund performance tracker can provide useful data on returns, expenses, and risks. Historical data, such as 10-year returns, may offer insights into mutual funds investment plans with a history of long-term growth.

Looking for a Loan Against Mutual Funds (LAMF)? Explore LAMF on smallcase – 

You can now apply for a loan against mutual funds (LAMF) on smallcase. Explore the quick and paperless process with the following articles about the eligibility criteria, documents required, features, benefits and more on LAMF at smallcase!

Frequently Asked Questions About Best Mutual Funds in India