19 Equity Mutual Funds Deliver More Than 15% CAGR Across 3, 5 and 7 Years

Nineteen equity mutual funds delivered CAGR above 15% across the three-, five- and seven-year periods studied by ETMutualFunds. 

The analysis covered 189 equity schemes that had completed at least seven years. 

The 19 schemes included nine mid-cap, seven small-cap, two large-and-mid-cap and one ELSS fund. 

Only 19 out of 189 equity mutual funds included in an ETMutualFunds study generated annualised returns above 15% across each of the three-, five- and seven-year periods examined. 

The analysis was limited to equity funds that had completed at least seven years of existence, allowing the same set of schemes to be compared across all three time horizons. 

Mid-cap funds formed the largest group among the 19 qualifying schemes, accounting for nine funds. 

Another seven were small-cap schemes, while two belonged to the large-and-mid-cap category and one was an ELSS fund. 

Performance Spread Across Equity Categories 

Bandhan Large & Mid Cap Fund was among the schemes that cleared the 15% threshold across all three periods. 

It recorded a CAGR of 16.38% over three years, 15.04% over five years and 17.74% over seven years, according to the study. 

Bank of India Small Cap Fund and DSP Small Cap Fund were also among the schemes recording more than 15% CAGR across each of the three measurement periods. 

The study is different from an SIP-return analysis. CAGR measures the annualised growth of a lump-sum investment between two points in time, while SIP returns involve multiple cash flows and are typically measured using XIRR. 

The screening exercise also illustrates that maintaining a particular return threshold across several periods is less common than crossing it over a single selected horizon. Of the 189 eligible equity schemes, 170 did not meet the above-15% criterion simultaneously across all three periods. 

Historical returns, however, depend heavily on the starting and ending dates used in the calculation. Different market cycles can materially change three-, five- and seven-year numbers. 

The results therefore provide a factual snapshot of past performance across established equity schemes rather than an indication of which funds may deliver similar returns in the future.