The Indian mutual funds have been responsible for significant wealth creation in the long run during the last decade, with an outstanding contribution made by equity funds having a compound annual growth rate above 20%. Hybrid and debt funds have offered relatively smaller and steadier yields compared to the former. Specialists highlight the importance of assessing risk-adjusted statistics and manager behavior throughout various market cycles for long-term investments.
Building wealth is not about earning money quickly but investing in proper assets that will bring you returns in the long term. During the last decade, some mutual funds have been outperforming their corresponding benchmarks, thereby yielding returns for investors. This guide will focus on the top-performing mutual funds in India over the last 10 years in India and their performance.
Decoding the Top Highest Return Mutual Funds in India Over the Last Ten Years
Mutual fund returns over the last 10 years differ depending on several factors, including the type of fund. On average, equity funds have yielded a better compound annual growth rate (CAGR), whereas debt or hybrid funds have provided higher stability combined with a decent yield level due to their nature.
Here’s a list of a few of the best-performing mutual funds in India over the last 10 years:
Equity Funds
Fund Name
Fund Category
AUM (₹ Crore)
CAGR (10 Years)
Nippon India Small Cap Fund
Small Cap Fund
74,604.07
21.89%
Quant Infrastructure Fund
Sectoral Fund – Infrastructure
3,193.89
21.28%
Quant ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
13,070.35
20.72%
Quant Small Cap Fund
Small Cap Fund
31,773.74
20.52%
Quant Flexi Cap Fund
Flexi Cap Fund
6,993.58
20.50%
Debt Funds
Fund Name
Fund Category
AUM (₹ Crore)
CAGR (10 Years)
Aditya Birla SL Credit Risk Fund
Credit Risk Fund
1,390.96
9.46%
Aditya Birla SL Medium Term Plan
Medium Duration Fund
3,127.29
9.32%
DSP Credit Risk Fund
Credit Risk Fund
257.78
8.89%
ICICI Prudential Credit Risk Fund
Credit Risk Fund
6,004.80
8.60%
ICICI Prudential All Seasons Bond Fund
Dynamic Bond Fund
13,745.91
8.54%
Hybrid Funds
Fund Name
Fund Category
AUM (₹ Crore)
CAGR (10 Years)
Quant Multi Asset Allocation Fund
Multi Asset Allocation Fund
5,615.03
19.18%
Quant Aggressive Hybrid Fund
Aggressive Hybrid Fund
2,1272,82
16.62%
ICICI Pru Multi-Asset Fund
Multi Asset Allocation Fund
84,165.18
16.61%
ICICI Pru Equity & Debt Fund
Aggressive Hybrid Fund
50,367.73
16.30%
HDFC Balanced Advantage Fund
Balanced Advantage Fund
1,04,016.21
15.08%
Note: All of the above mutual fund data is as of June 15, 2026, and is subject to change. Past returns do not guarantee future performance.
How to Evaluate the Highest Return Mutual Funds in Last 10 Years?
When you search for the highest return mutual fund in the last 10 years, it is easy to concentrate solely on the figures. But past performance is just one of the considerations. This is because they have experienced positive market conditions, sound management, and a sound investment strategy.
Below are a few factors that you should note before you invest in mutual funds and when assessing for the last 10-year return of your chosen fund:
Performance of the Fund
A good way to start is by evaluating the past performances of the fund over various periods.
Considerations:
Look at the performance of the fund over periods of one year, three years, five years, and 10 years.
It is better to look at consistent performance than high levels of performance in the short-term period.
Compare the performance of the fund to the benchmark index.
If the fund consistently outperforms both the benchmark index and other competing funds, it shows sound management and a good strategy.
Qualifications of the Mutual Fund Manager
The fund’s performance is shaped by the qualifications of the mutual fund manager.
Some considerations include:
How long has he been a fund manager?
How long have they been handling this particular mutual fund scheme?
Have they done well with any other mutual fund schemes?
Do they have a set investment strategy and philosophy that they adhere to?
An experienced fund manager can navigate the ups and downs of the market and identify long-term investment opportunities.
Historical Performance of the Mutual Fund
Examining a fund’s past performance will assist in knowing how well the fund has performed under different market situations.
Consider the following:
Its performance during both bull and bear markets.
Its speed at which it bounces back after the market falls.
Whether it is capable of showing consistent gains.
Its stability in the face of market volatility.
While past performance does not indicate future performance, it helps get a clearer understanding of the fund’s stability and consistency.
Risk-Adjusted Returns
It is important to understand that higher returns always come with higher risk. This means that it is essential to examine whether the fund takes high risks to earn higher returns.
Key ratios to consider include:
Sharpe Ratio – Measures performance against overall risk.
Sortino Ratio – Concentrates on downside risk.
Standard Deviation – Represents volatility in returns.
A fund that earns good returns while taking low risks should be preferred over another one that earns slightly higher returns but takes huge risks.
How Jainam Broking Helps You Invest in Mutual Funds?
Selection of an appropriate mutual fund is not simply done by finding the highest return mutual fund in the last 10 years. It should be noted that intelligent investment strategies must involve the assessment of performance, risk profile, investment approach, and potential of a fund.
This is where Jainam makes the decision simple, as the platform offers a lot of details about various mutual funds that you can utilize to evaluate performance, assess risks, examine management capabilities, and make investing decisions with comprehensive data.
If you need to invest in large-cap funds for safety, mid-cap and small-cap funds for earning more profits, or debt funds to spread your risk portfolio, Jainam will offer you a range of solutions according to your financial goals and risk profile.
Finally, with a broad range of research-based guidance on investment decisions. It will enable you to invest smartly, forgetting about past returns and aiming at creating sustainable wealth in the future.
Selecting the Highest Return Mutual Fund for Your Portfolio
The best-performing mutual funds in India over the last 10 years demonstrate the power of long-term investing and disciplined wealth creation. While strong past performance can help identify quality funds, it should never be the only factor guiding your investment decisions.
Before investing in any mutual fund, it is vital that you do an analysis of how consistent the fund has been and what kind of risks it entails. Also, the experience of the fund manager and his or her track record will prove useful to you. It might be worth considering investing in a fund that matches your requirements rather than the one giving high returns.
After all, wise investing is not about picking the best mutual fund, but about staying invested in it with patience and intelligence. With informed decisions, the right research, and a long-term approach, mutual funds will help you achieve your financial goals.
Final Highlights
Equity funds (especially small-cap and infrastructure sectors) delivered the highest 10-year CAGR at over 20%, followed by hybrid funds (15–19%) and debt funds (8–9%).
Evaluating a 10-year horizon is essential because it reveals how a fund navigates full economic cycles, including deep recessions and rapid bull runs.
A fund’s long-term success heavily relies on the experience, investment philosophy, and continuity of its fund manager through market fluctuations.
Investors must assess risk-adjusted metrics like the Sharpe and Sortino ratios rather than focusing solely on absolute return figures.
Platforms like Jainam Broking assist investors by shifting the focus from chasing past returns to evaluating comprehensive research, risk profiles, and future prospects.
FAQs
How has the performance of mutual funds been over the last 10 years?
The last 10 years have been good for Indian mutual funds, owing to substantial growth in the economy. Usually, large-cap mutual funds have performed consistently at a rate of 13-15%, whereas mid-cap mutual funds and small-cap mutual funds have shown higher growth rates ranging between 15-22%. Overall, there has been enormous investor involvement.
Why is it important to look at a mutual fund's performance over ten years before investing?
By analyzing a mutual fund over a span of 10 years, one would be able to judge the performance of that mutual fund throughout the market cycle. For example, a short period of 1-3 years would be indicative of certain temporary changes and incidents in the market and not due to the expertise of the manager.
Can a mutual fund deliver high returns consistently over a decade?
Some mutual funds have shown consistent outperformance for a decade, although this cannot always be expected from a fund. There may be many other reasons for the fund’s performance, including market trends, the fund manager, an increase in AUM, macroeconomic conditions, and so on. The fund that was a top performer before may not remain a top performer in the future. It will help to evaluate the mutual fund by considering rolling returns rather than point-to-point returns.
What factors should I consider before making an investment in a mutual fund giving high returns?
First of all, one should consider the motive behind the investment, whether the motive is earning income, saving for retirement, or avoiding tax. Then one should consider the time horizon, risk factor, past performance of the fund, expense ratio, and assets under management.
This blog is for general informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. The information is based on publicly available sources and market understanding at the time of writing and may change due to global developments. Past performance of markets during geopolitical events does not guarantee future results. Readers are encouraged to conduct their own research and consult qualified professionals before making investment decisions. Jainam Broking does not provide any assurance regarding outcomes based on this information.
