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Small-Cap, Mid-Cap Funds Dominate Top SIP Returns Over Decade
Small-cap and mid-cap funds dominate top SIP returns across 3-, 5- and 10-year periods. Invesco, Quant and Nippon India lead among AMCs.
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The best Indian equity mutual funds for systematic investment plans over the last decade have come from a narrow slice of the market. Small-cap and mid-cap schemes, run by a handful of asset management companies, have pulled away from the rest of the pack across three-, five- and 10-year periods.
Invesco India Mid Cap Fund posted the highest annualised SIP return at 21.45% over three years, according to Value Research data through July 4. SBI Children's Fund and HSBC Midcap Fund followed. Four of the top 10 schemes in that window were mid-cap or large & mid-cap funds; another four were small-cap funds.
The pattern held over five years. Invesco India Mid Cap Fund stayed at the top. Small-cap and mid-cap funds claimed eight of the top 10 spots. Seven of the three-year leaders also appeared in the five-year list.
The tilt toward small-cap funds sharpened over 10 years. Quant Small Cap Fund led with a 26.05% annualised SIP return. Nippon India Small Cap Fund came next at 22.59%. Four small-cap funds and four mid-cap funds made the decade's top 10. Only two funds outside those categories cracked the list.