Best Mutual Funds in India (by 3-Year Return)
Updated June 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 | +189.19% | +62.31% | - | 0.88 | -44.8% | 0.87% | ₹490 Cr |
| 2 | HDFC Defence Fund HDFC | +7.66% | +40.66% | - | 1.07 | -34.5% | 0.89% | ₹7.7K Cr |
| 3 | SBI PSU Fund SBI | +5.42% | +29.53% | +23.36% | 0.92 | -24.1% | 0.91% | ₹6.1K Cr |
| 4 | BANDHAN SMALL CAP FUND Bandhan | +0.24% | +28.17% | +20.72% | 0.88 | -24.3% | 0.67% | ₹19.9K Cr |
| 5 | ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund ICICI Prudential | +5.18% | +27.51% | +15.99% | 0.69 | -18.1% | 1.32% | ₹6.6K Cr |
| 6 | UTI Healthcare Fund UTI | +10.39% | +27.45% | +14.93% | 0.59 | -21.1% | 1.29% | ₹1.1K Cr |
| 7 | LIC MF Infrastructure Fund LIC | +4.15% | +27.38% | +23.92% | 0.99 | -26.7% | 0.82% | ₹969 Cr |
| 8 | Aditya Birla Sun Life PSU Equity Fund Aditya Birla Sun Life | +5.65% | +26.76% | +23.53% | 0.93 | -26.8% | 0.59% | ₹5.7K Cr |
| 9 | Mirae Asset Healthcare Fund Mirae Asset | +12.52% | +26.49% | +15.53% | 0.63 | -18.5% | 0.52% | ₹2.8K Cr |
| 10 | HSBC Midcap Fund HSBC | +13.12% | +26.41% | - | 0.92 | -26.0% | 1.23% | ₹12.1K Cr |
| 11 | SBI HEALTHCARE OPPORTUNITIES FUND SBI | +11.17% | +26.31% | +16.49% | 0.72 | -18.2% | 1.04% | ₹4.0K Cr |
| 12 | DSP India T.I.G.E.R. Fund DSP | +11.28% | +25.35% | +23.63% | 1.04 | -25.8% | 1.28% | ₹5.3K Cr |
| 13 | ICICI Prudential PSU Equity Fund ICICI Prudential | +2.70% | +25.16% | - | 0.96 | -23.0% | 1.08% | ₹1.9K Cr |
| 14 | Invesco India PSU Equity Fund Invesco | -1.85% | +25.11% | +22.26% | 0.85 | -29.8% | 0.93% | ₹1.5K Cr |
| 15 | Aditya Birla Sun Life Pharma and Healthcare Fund Aditya Birla Sun Life | +11.40% | +25.08% | +13.83% | 0.54 | -20.5% | 1.02% | ₹843 Cr |
| 16 | ITI Small Cap Fund ITI | +4.35% | +24.95% | +16.79% | 0.70 | -29.2% | 0.75% | ₹2.7K Cr |
| 17 | Quant Value Fund quant | +11.51% | +24.62% | - | 0.71 | -24.0% | 0.71% | ₹1.6K Cr |
| 18 | BANK OF INDIA Manufacturing & Infrastructure Fund Bank of India | +11.23% | +24.58% | +21.54% | 0.98 | -24.2% | 0.77% | ₹669 Cr |
| 19 | Invesco India Midcap Fund Invesco | +2.73% | +24.48% | +20.41% | 0.87 | -20.1% | 0.58% | ₹10.4K Cr |
| 20 | WhiteOak Capital Mid Cap Fund WhiteOak Capital | +6.96% | +24.45% | - | 0.98 | -19.3% | 0.86% | ₹4.5K Cr |
| 21 | ICICI Prudential MidCap Fund ICICI Prudential | +8.56% | +24.34% | +18.28% | 0.85 | -21.3% | 1.14% | ₹7.0K Cr |
| 22 | DSP Healthcare Fund DSP | +9.39% | +24.23% | +15.62% | 0.61 | -21.3% | 2.00% | ₹3.0K Cr |
| 23 | Motilal Oswal Large and Midcap Fund Motilal Oswal | +1.39% | +23.95% | +20.05% | 0.81 | -26.1% | 0.86% | ₹14.8K Cr |
| 24 | Tata India Pharma & Healthcare Fund Tata | +5.51% | +23.81% | +14.48% | 0.58 | -17.3% | 1.11% | ₹1.3K Cr |
| 25 | DSP Natural Resources and New Energy Fund DSP | +18.35% | +23.63% | +16.66% | 0.74 | -24.3% | 0.96% | ₹1.8K 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.