Best Mutual Funds in India (by 3-Year Return)
Updated September 2026 · 25 active funds · data from AMFI NAVs
This list ranks Indian equity mutual funds purely by their 3-year compound annual return (CAGR), computed from AMFI daily NAVs. A high rank means strong recent performance - it does not mean a fund is suitable for you, and past returns do not predict future ones. Higher recent returns very often come with higher risk: sectoral, thematic and small-cap funds tend to dominate raw-return tables. Use the volatility, drawdown and expense-ratio columns to weigh the ride alongside the reward. We take no commission and place no fund here for payment.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Nippon India Taiwan Equity Fund Nippon India | +124.12% | +64.11% | - | 0.75 | -44.8% | 0.87% | ₹490 Cr |
| 2 | HDFC Defence Fund HDFC | +23.98% | +38.49% | - | 1.10 | -34.5% | 0.89% | ₹7.7K Cr |
| 3 | HDFC Transportation and Logistics Fund HDFC | +8.30% | +25.46% | - | 1.05 | -23.5% | 1.09% | ₹1.7K Cr |
| 4 | ITI Small Cap Fund ITI | +21.81% | +25.33% | +19.22% | 0.81 | -29.2% | 0.75% | ₹2.7K Cr |
| 5 | BANDHAN SMALL CAP FUND Bandhan | +12.47% | +25.19% | +19.79% | 0.92 | -24.3% | 0.67% | ₹19.9K Cr |
| 6 | UTI Healthcare Fund UTI | +19.00% | +24.95% | +16.15% | 0.70 | -21.1% | 1.29% | ₹1.1K Cr |
| 7 | SBI HEALTHCARE OPPORTUNITIES FUND SBI | +23.13% | +24.94% | +18.65% | 0.86 | -18.2% | 1.04% | ₹4.0K Cr |
| 8 | Franklin Asian Equity Fund Franklin Templeton | +36.94% | +24.61% | +9.81% | 0.10 | -36.0% | 1.74% | ₹384 Cr |
| 9 | LIC MF Infrastructure Fund LIC | +11.24% | +24.36% | +21.95% | 0.97 | -26.7% | 0.82% | ₹969 Cr |
| 10 | Mirae Asset Healthcare Fund Mirae Asset | +22.14% | +23.86% | +16.05% | 0.72 | -18.5% | 0.52% | ₹2.8K Cr |
| 11 | LIC MF Healthcare Fund LIC | +18.66% | +23.59% | - | 0.96 | -15.1% | 1.13% | ₹81 Cr |
| 12 | Invesco India Midcap Fund Invesco | +9.41% | +23.55% | +19.25% | 0.94 | -20.1% | 0.58% | ₹10.4K Cr |
| 13 | Invesco India Smallcap Fund Invesco | +16.74% | +23.51% | +19.91% | 0.97 | -23.4% | 0.46% | ₹9.4K Cr |
| 14 | HSBC Midcap Fund HSBC | +17.87% | +23.41% | - | 0.98 | -26.0% | 1.23% | ₹12.1K Cr |
| 15 | ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund ICICI Prudential | +9.34% | +23.19% | +16.33% | 0.73 | -18.1% | 1.32% | ₹6.6K Cr |
| 16 | DSP Healthcare Fund DSP | +18.93% | +22.97% | +15.89% | 0.73 | -21.3% | 2.00% | ₹3.0K Cr |
| 17 | BANK OF INDIA Manufacturing & Infrastructure Fund Bank of India | +18.96% | +22.81% | +20.99% | 1.00 | -24.2% | 0.77% | ₹669 Cr |
| 18 | Invesco India Large & Mid Cap Fund Invesco | +8.30% | +22.78% | +16.64% | 0.83 | -19.9% | 0.63% | ₹9.1K Cr |
| 19 | BANK OF INDIA Small Cap Fund Bank of India | +27.91% | +22.75% | +20.11% | 0.89 | -27.1% | 0.61% | ₹1.9K Cr |
| 20 | Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life | +20.54% | +22.63% | +12.84% | 0.38 | -16.6% | - | ₹296 Cr |
| 21 | ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND ICICI Prudential | +7.85% | +22.34% | - | 1.04 | -23.6% | 1.12% | ₹2.9K Cr |
| 22 | Aditya Birla Sun Life Pharma and Healthcare Fund Aditya Birla Sun Life | +19.96% | +22.27% | +14.65% | 0.65 | -20.5% | - | ₹843 Cr |
| 23 | quant BFSI Fund quant | +16.92% | +22.17% | - | 1.03 | -22.3% | 1.02% | ₹755 Cr |
| 24 | quant Healthcare Fund quant | +21.07% | +22.07% | - | 0.86 | -25.2% | 1.52% | ₹344 Cr |
| 25 | Motilal Oswal Large and Midcap Fund Motilal Oswal | +7.62% | +22.03% | +18.54% | 0.86 | -26.1% | 0.86% | ₹14.8K Cr |
Ranked by 3-Year CAGR (highest first), on funds with that metric available. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.