Quant Small Cap Leads 10-Year SIP Study With 25.39% XIRR; ₹10,000 Monthly SIP Reaches ₹46.09 Lakh

Key Takeaways

• Quant Small Cap Fund recorded a 10-year SIP XIRR of 25.39% based on Value Research data as of 5 October 2026.
• A ₹10,000 monthly SIP would have involved ₹12 lakh of total contributions and reached approximately ₹46.09 lakh historically.
• Nippon India Small Cap, Quant Multi Asset Allocation, Quant ELSS Tax Saver and Invesco India Mid Cap completed the top five in the study.

A ₹10,000 monthly systematic investment made over the past decade would have accumulated to approximately ₹46.09 lakh in the highest-returning scheme in a new study of active diversified equity and hybrid mutual funds.

Quant Small Cap Fund topped the dataset with a 10-year SIP XIRR of 25.39%, according to Value Research data compiled by Mint as of 5 October 2026.

Over 10 years, the investor would have contributed ₹12 lakh through 120 monthly instalments. Based on the historical return calculation, the investment value would have reached ₹46.09 lakh, representing gains of approximately ₹34.09 lakh.

Five schemes crossed 20% 10-year SIP XIRR

Nippon India Small Cap Fund ranked second with a 21.59% SIP XIRR. A ₹10,000 monthly investment over the same period would have grown to around ₹37.52 lakh.

Quant Multi Asset Allocation Fund followed with a 21.48% SIP return and a historical corpus of about ₹37.30 lakh.

Quant ELSS Tax Saver Fund recorded an XIRR of 20.82%, while Invesco India Mid Cap Fund returned 20.61% on the same measure. Their corresponding historical SIP values were around ₹35.99 lakh and ₹35.58 lakh respectively.

The study considered direct plans and excluded sectoral and thematic equity schemes. No debt fund featured among the five highest 10-year SIP returns.

SIP XIRR is different from lump-sum CAGR

The return figures represent XIRR, which is commonly used to calculate returns where investments are made on different dates.

This differs from compound annual growth rate, or CAGR, which is generally used for a single lump-sum investment over a defined period.

A SIP therefore should not be compared with a lump-sum investment merely by placing the XIRR and CAGR figures side by side without accounting for differences in cash-flow timing.

The results also reflect a specific historical period ending 5 October 2026. They do not indicate what the same funds will deliver over the next 10 years.

Mutual fund returns are market-linked, and past performance is not indicative of future results.