Classified as very high risk, the PGIM India Midcap Opportunities Fund is best suited for investors who aim to invest for at least 3-4 years and are seeking high returns, and have a 5-year CAGR of 21.23%. While the minimum lump sum amount is INR 5000, for units crossing 10% of the investment, 0.5% will be the levied charges for redemption within 90 days. With an expense ratio of 0.37% and a minimum SIP amount of INR 1000, the PGIM India Midcap Opportunities fund currently has an AUM of INR 2383.38 cr. While the returns are taxed at 15% if the fund is redeemed before one year, customers are required to pay 10% along with an LTCG tax on the returns of INR 1 lakh+ in a financial year. With a current Asset Under Management (AUM) of INR 3,691.25 cr, the fund is rated extremely high risk and the minimum SIP (Systematic Investment Plan) is set to 1000. Canara Robeco Bluechip Equity Fund (Large-Cap)Īn equity mutual fund scheme launched by Canara Robeco Mutual Fund, this scheme has been available since 2013 and seeks to provide capital appreciation by mainly investing in companies having large market capitalization. The Axis Bluechip Fund aims to generate long-term capital growth through investment in a diverse portfolio and is suitable for investors who are looking for long-term capital appreciation. While they are less volatile than mid-cap or small-cap stocks and have sufficient liquidity, they are rated high risk and the minimum SIP is set to INR 500 with the minimum lump sum investment set to INR 5000. Launched by Axis Mutual Fund, the Axis Bluechip Fund currently has an AUM of INR 29,160.6 crore and invests in blue-chip stocks or stocks of large organizations that are financially stable and established. Mutual funds are often categorized as large-cap funds, mid-cap funds, small-cap funds, flexi cap funds, and ELSS (Equity-Linked Savings Scheme) funds. However, before delving into the best-performing mutual funds, it's necessary to understand their classification. Understanding that doing extensive research on this can be tedious and time-consuming, we've put together the 10 best-performing mutual funds in the last five years to make it easier to choose the right one best suited to your financial capacity and risk appetite. There are multiple parameters such as expense ratio, performance against a benchmark, fund manager's experience, etc, to consider before investing. While most people are aware of mutual funds, the challenge and confusion often ensue when those new to the mutual fund space realize that there are several different mutual funds. While there are several investment options out there, mutual funds are one of the best and simplest avenues that offer sizable returns. Investing your money helps multiply it and build wealth rather than leaving it sitting idle in your bank accounts. It's often said that "While saving money is wise, investing it is profitable", and for good reason.