As India’s equity market continues to thrive, driven by corporate earnings and market optimism, equity mutual funds have become an attractive investment avenue.
With the market exhibiting resilience and growth potential, particularly in key sectors like technology, banking, and consumer goods, equity funds have seen substantial capital appreciation.
In this article, we will explore the top 10 equity mutual funds in India, each delivering over 30% CAGR over the past 3 years.
| Name | Sub Category | AUM (₹ Crore) | CAGR 3Y (%) |
| SBI PSU Fund | Thematic Fund | 4471.14 | 38.59 |
| Aditya Birla SL PSU Equity Fund | Thematic Fund | 5895.79 | 37.12 |
| Motilal Oswal Midcap Fund | Mid Cap Fund | 18604.02 | 36.52 |
| Invesco India PSU Equity Fund | Thematic Fund | 1331.16 | 36.38 |
| ICICI Pru Infrastructure Fund | Sectoral Fund – Infrastructure | 6779.16 | 34.48 |
| LIC MF Infra Fund | Sectoral Fund – Infrastructure | 750.04 | 33.91 |
| Nippon India Power & Infra Fund | Sectoral Fund – Energy & Power | 7402.07 | 32.38 |
| Canara Rob Infrastructure Fund | Sectoral Fund – Infrastructure | 883.22 | 31.61 |
| Franklin Build India Fund | Sectoral Fund – Infrastructure | 2824.58 | 31.57 |
| Bandhan Infrastructure Fund | Sectoral Fund – Infrastructure | 1905.92 | 30.82 |
Note: The top 10 equity mutual funds in India here are sorted as per the 3-yr CAGR as of November 27, 2024.
The SBI PSU Fund is an open-ended equity scheme aimed at providing long-term growth opportunities through active management of investments in a diversified portfolio of equity stocks of domestic Public Sector Undertakings.
As of October 2024, the fund’s portfolio shows a significant allocation in sectors such as Energy (39.05%) and Financials (28.44%).
Among its top holdings are the State Bank of India (13.87%), a major player in the financial sector, Power Grid Corporation of India (9.44%), a leader in energy infrastructure, and GAIL India (9.37%), a key player in the energy sector.
Key metrics:
The Aditya Birla SL PSU Equity Fund is an open-ended equity scheme designed to provide long-term capital appreciation by investing in equity and equity-related instruments of Public Sector Undertakings (PSUs).
As of October 2024, the fund’s portfolio shows a strong allocation in sectors such as Energy (41.26%) and Financials (30.27%).
Among its top holdings are NTPC (10.48%), a leading energy company, and State Bank of India (10.35%), a major player in the financial sector.
Key metrics:
The Motilal Oswal Midcap Fund is an open-ended equity scheme aimed at achieving long-term capital appreciation by investing in quality mid-cap companies with long-term competitive advantages and growth potential.
As of October 2024, the fund’s sector allocation includes a significant focus on Automobiles (21.46%) and Technology (20.67%).
Among its top holdings are Kalyan Jewellers India (9.97%), a leader in the consumer discretionary sector, and Polycab India (9.53%), a major player in the capital goods sector.
Key metrics:
The Invesco India PSU Equity Fund is an open-ended equity scheme that seeks capital appreciation by investing in equity and equity-related instruments of companies where the Central/State Government(s) holds majority shareholding or has management control.
As of October 2024, the fund’s sector allocation includes significant investments in Energy (35.71%) and Capital Goods (23.98%).
Key holdings in the fund include NTPC (9.1%), a leading energy company, and Bharat Electronics (8.61%), a prominent player in the capital goods sector.
Key metrics:
The ICICI Pru Infrastructure Fund is an open-ended equity scheme that aims to generate capital appreciation and income distribution to unit holders by predominantly investing in equity and equity-related securities of companies within the infrastructure sector.
As of October 2024, the fund’s sector allocation includes Financials (17.95%) and Energy (17.58%).
The top holdings in the fund are Larsen & Toubro (6.86%), a major player in the construction sector, and NTPC (4.56%), a leading energy company.
Key metrics:
Investing in any asset requires careful consideration of risk tolerance, financial goals, and investment horizon. Each fund presents unique opportunities and challenges, and with higher returns comes higher risk, so it’s essential to understand its underlying sectors and holdings. By consulting a financial advisor, investors can develop a strategy that aligns with their personal objectives, ensuring a well-balanced and informed approach to equity market investments.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Nov 28, 2024, 6:24 PM IST
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