Despite periodic market volatility due to global economic uncertainties, several best-performing equity mutual funds have delivered exceptional five-year mutual fund returns, surpassing the 100% mark over the five years. This strong performance has contributed to growing investor confidence, driving the mutual fund industry’s total Assets Under Management (AUM) to a record ₹65.7 trillion in May 2025.
Here, we highlight some funds that have delivered remarkable returns in the last five years.
Five Equity Mutual Funds That Delivered Over 100% Returns in the Last Five Years
Here is a list of the five best-performing equity mutual funds in India that have delivered great returns over the last five years:
Quant Small Cap Fund Direct Plan-Growth
The Quant Small Cap Fund Direct Plan-Growth has emerged as an exceptional performer in the small-cap mutual funds’ category. The fund has delivered an impressive absolute return of 665.85% over the past five years, transforming an investment of ₹10,000 in May 2020 to approximately ₹76,585 by May 2025.
The fund maintains a diversified portfolio with 89.66% allocation to domestic equities, including 13.68% in large-cap stocks, 19.38% in mid-cap stocks, and 33.98% in small-cap stocks. Additionally, it has a modest 1.83% investment in debt instruments, primarily government securities.
| Parameter | Value |
| NAV (as of 29 May 2020) | ₹35.58 |
| NAV (as of 29 May 2025) | ₹272.46 |
| Absolute Returns | 665.85% |
| Fund Size | ₹26,221.53 Cr |
| Expense Ratio | 0.68% |
SBI PSU Fund – Direct Plan-Growth
The SBI PSU Fund Direct Plan-Growth has capitalised on the strong performance of public sector enterprises over the past five years. The fund has delivered an absolute return of 334.47%, highlighting the potential of PSU-focused investment strategies in certain market cycles.
The fund maintains a focused approach with a 96.3% allocation to domestic equities, predominantly large-cap stocks (65.48%), complemented by mid-caps (22.12%), and a small allocation to small-caps (2.69%).
| Parameter | Value |
| NAV (as of 29 May 2020) | ₹8.08 |
| NAV (as of 29 May 2025) | ₹35.11 |
| Absolute Returns | 334.47% |
| Fund Size | ₹5,035.09 Cr |
| Expense Ratio | 0.82% |
Nippon India Small Cap Fund Direct-Growth
Nippon India Small Cap Fund Direct-Growth has established itself as a formidable player in the small-cap mutual funds segment. With an absolute return of 464.17% over the five years, the fund demonstrates the potential rewards of investing in high-growth mutual funds with strong growth prospects.
The fund maintains a high equity allocation of 94.73%, with a significant focus on small-cap stocks (44.88%), complemented by mid-caps (12.15%) and large-caps (8.16%).
| Parameter | Value |
| NAV (as of 29 May 2020) | ₹32.82 |
| NAV (as of 29 May 2025) | ₹185.15 |
| Absolute Returns | 464.17% |
| Fund Size | ₹58,028.59 Cr |
| Expense Ratio | 0.68% |
ICICI Prudential Infrastructure Direct-Growth
ICICI Prudential Infrastructure Direct-Growth has benefited from the infrastructure boom in India over the past five years. The fund has delivered an absolute return of 449.65%, reflecting the substantial growth in infrastructure development across the country, making it a possible part of your mutual fund investment strategy.
The fund maintains a diversified portfolio with 93.05% allocation to domestic equities, including 43.88% in large-cap stocks, 8.98% in mid-cap stocks, and 18.98% in small-cap stocks.
| Parameter | Value |
| NAV (as of 29 May 2020) | ₹38.15 |
| NAV (as of 29 May 2025) | ₹209.69 |
| Absolute Returns | 449.65% |
| Fund Size | ₹7,415.53 Cr |
| Expense Ratio | 1.15% |
Motilal Oswal Midcap Fund Direct-Growth
Motilal Oswal Midcap Fund Direct-Growth has demonstrated strong equity fund performance in the mid-cap segment. The fund has delivered an absolute return of 431.47% over the five-year period, highlighting the potential of high-growth mutual funds in wealth creation.
The fund maintains a focused approach with 75.46% allocation to domestic equities, including 13.77% in mid-cap stocks and 15.71% in small-cap stocks.
| Parameter | Value |
| NAV (as of 29 May 2020) | ₹21.55 |
| NAV (as of 29 May 2025) | ₹114.55 |
| Absolute Returns | 431.47% |
| Fund Size | ₹27,780.18 Cr |
| Expense Ratio | 0.7% |
Final Words
The mutual fund industry in India has seen remarkable wealth creation opportunities through best-performing equity mutual funds that have achieved consistent growth over the past five years. The five-year mutual fund returns mentioned above are examples of investment vehicles that have capitalised on opportunities presented by their respective sectors while maintaining operational efficiencies in those areas.
These performances demonstrate the potential rewards of equity investing over the long term. However, investors should consider that past performance may not necessarily be indicative of future results. Furthermore, these funds are suitable for different investor profiles based on their risk appetite and investment horizon.
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