Best Mutual Funds in India (by 3-Year Return)
Updated November 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 | +64.60% | +47.54% | - | 0.63 | -44.8% | 0.87% | ₹490 Cr |
| 2 | HDFC Defence Fund HDFC | +18.96% | +34.34% | - | 0.95 | -34.5% | 0.89% | ₹7.7K Cr |
| 3 | HDFC Pharma and Healthcare Fund HDFC | +32.21% | +31.10% | - | 1.32 | -14.9% | 1.17% | ₹2.0K Cr |
| 4 | SBI HEALTHCARE OPPORTUNITIES FUND SBI | +26.19% | +25.28% | +20.61% | 0.77 | -18.2% | 1.04% | ₹4.0K Cr |
| 5 | HDFC Transportation and Logistics Fund HDFC | +10.39% | +25.17% | - | 0.81 | -23.5% | 1.09% | ₹1.7K Cr |
| 6 | Mirae Asset Healthcare Fund Mirae Asset | +28.56% | +24.50% | +18.10% | 0.67 | -18.5% | 0.52% | ₹2.8K Cr |
| 7 | UTI Healthcare Fund UTI | +22.62% | +23.97% | +17.67% | 0.61 | -21.1% | 1.29% | ₹1.1K Cr |
| 8 | Invesco India Midcap Fund Invesco | +10.51% | +23.67% | +18.62% | 0.79 | -20.1% | 0.58% | ₹10.4K Cr |
| 9 | ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND ICICI Prudential | +12.60% | +23.50% | - | 0.82 | -23.6% | 1.12% | ₹2.9K Cr |
| 10 | Invesco India Large & Mid Cap Fund Invesco | +13.85% | +23.35% | +17.64% | 0.71 | -19.9% | 0.63% | ₹9.1K Cr |
| 11 | LIC MF Infrastructure Fund LIC | +10.82% | +22.82% | +20.03% | 0.85 | -26.7% | 0.82% | ₹969 Cr |
| 12 | BANDHAN SMALL CAP FUND Bandhan | +9.25% | +22.78% | +19.14% | 0.81 | -24.3% | 0.67% | ₹19.9K Cr |
| 13 | Invesco India Focused Fund Invesco | +14.56% | +22.63% | +15.34% | 0.70 | -22.0% | 0.59% | ₹4.8K Cr |
| 14 | ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund ICICI Prudential | +12.13% | +22.42% | +17.95% | 0.65 | -18.1% | 1.32% | ₹6.6K Cr |
| 15 | BANK OF INDIA Manufacturing & Infrastructure Fund Bank of India | +18.23% | +22.14% | +20.14% | 0.91 | -24.2% | 0.77% | ₹669 Cr |
| 16 | DSP Healthcare Fund DSP | +19.74% | +21.99% | +17.14% | 0.65 | -21.3% | 2.00% | ₹3.0K Cr |
| 17 | HSBC Midcap Fund HSBC | +16.09% | +21.85% | - | 0.77 | -26.0% | 1.23% | ₹12.1K Cr |
| 18 | LIC MF Healthcare Fund LIC | +18.12% | +21.84% | - | 0.78 | -15.1% | 1.13% | ₹81 Cr |
| 19 | ITI Small Cap Fund ITI | +18.13% | +21.84% | +17.08% | 0.70 | -29.2% | 0.75% | ₹2.7K Cr |
| 20 | quant Healthcare Fund quant | +22.58% | +21.65% | - | 0.72 | -25.2% | 1.52% | ₹344 Cr |
| 21 | SBI Long Term Advantage Fund - Series V SBI | +4.02% | +21.57% | +14.47% | 0.64 | -16.2% | 0.97% | ₹37 Cr |
| 22 | Invesco India Smallcap Fund Invesco | +19.07% | +21.55% | +19.36% | 0.86 | -23.4% | 0.46% | ₹9.4K Cr |
| 23 | quant BFSI Fund quant | +9.83% | +21.39% | - | 0.71 | -22.3% | 1.02% | ₹755 Cr |
| 24 | Kotak Manufacture in India Fund Kotak Mahindra | +16.43% | +21.35% | - | 0.70 | -22.3% | - | ₹2.5K Cr |
| 25 | Motilal Oswal Large and Midcap Fund Motilal Oswal | +8.86% | +21.25% | +18.11% | 0.74 | -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.