MyinvestmentideasSep 25, 2026 ~7 min source read

15 Mutual Funds That Delivered 10-Year Annualized Returns Above 18% (Sep 26, 2026 Update)

A data-driven roundup of 15 equity mutual fund schemes whose 10-year CAGRs exceed 18% as of September 24, 2026, with short- and medium-term performance context and practical points investors should check before drawing conclusions.

15 Mutual Funds With 10-Year Annualized Returns Above 18% (Sep-26 Update)

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Fifteen equity schemes across small-cap, mid-cap, flexi-cap, infrastructure, ELSS, manufacturing and overseas categories reported 10-year annualized returns above 18% as of Sep 24, 2026.

A high 10-year CAGR signals strong long-term performance but should be assessed alongside rolling returns, volatility, drawdowns and strategy fit.

# What this list is and how it was built

# Snapshot of the highest long-term performers

Two small-cap funds (Nippon India Small Cap Fund and Quant Small Cap Fund) have 10-year CAGRs of 21.0%.
Quant Infrastructure Fund posts a 20.3% 10-year CAGR.
Several mid-cap and infrastructure-focused funds register long-term CAGRs around 19%–19.7% (for example, Invesco India Mid Cap Fund at 19.7%).
Two overseas equity omni FoFs (DSP US Specific Equity Omni FoF and DSP World Mining Overseas Equity Omni FoF) appear on the list with 10-year CAGRs around 19.1% and 18.2% respectively.

# Why a 10-year CAGR above 18% matters — and what it does not say A 10-year CAGR above 18% indicates strong compound growth over a full market cycle, but it does not imply steady, identical returns each year. Annual returns within the 10-year span could include very high single-year gains and weaker or negative years. That's why the article advises looking beyond the headline CAGR to:

check whether the fund's investment strategy or mandate has changed during the period that produced the long-term returns.

# Fund-level patterns to note Some schemes have similar strength across 3-, 5- and 10-year periods, suggesting more recent contributions to long-term performance (for example, Quant Small Cap Fund). Others have a larger gap between 10-year and 3-year CAGRs, which means the fund's older performance years strongly influence its decade-long number (for example, Nippon India Small Cap Fund shows a higher 10-year than 3-year CAGR).

# Practical steps before acting on this list

Confirm the plan and option you will buy (Direct Plan – Growth vs Regular, dividend options, SIP vs lump sum).
Check volatility metrics and maximum drawdown to see how the fund behaved during corrections.

Compare expense ratio and tax implications (ELSS vs non-ELSS) depending on your goal.

# Bottom line A 10-year CAGR above 18% identifies funds that delivered unusually strong long-term compound returns through varied market conditions. Use this as a starting point, not a sole decision factor: layer in shorter-period returns, risk measures, portfolio fit and any structural changes to the fund before allocating capital.