Best Thematic Fund Mutual Funds
Sectoral and Thematic funds concentrate on a single sector or investment theme, so they are undiversified by design. Returns depend heavily on entering and exiting the theme at the right point in its cycle.
We currently track 62 direct-plan Thematic Fund schemes from 20 fund houses with a median 5-year CAGR of 11.4%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 12 of 62 schemes · sorted by Y5 high to low · page 2 of 2
- Invesco India Business Cycle Fund - Direct Plan - GrowthInvesco · Equity₹14.01#511Y+7.94%3Y—5Y—10Y—
- Axis Services Opportunities Fund - Direct Plan - Growth OptionAxis · Equity₹9.29#521Y-8.74%3Y—5Y—10Y—
- Nippon India MNC Fund - Direct Plan - Growth OptionNippon India · Equity₹10.06#531Y-4.77%3Y—5Y—10Y—
- Bandhan Multi-Factor Fund - Direct Plan - GrowthBandhan · Equity₹9.02#541Y-9.68%3Y—5Y—10Y—
- Invesco India Consumption Fund - Direct Plan - GrowthInvesco · Equity₹10.84#551Y+8.18%3Y—5Y—10Y—
- Mirae Asset Infrastructure Fund - Direct Plan - GrowthMirae Asset · Equity₹11.14#561Y—3Y—5Y—10Y—
- JioBlackRock Sector Rotation Fund - Direct Plan - Growth OptionJio BlackRock · Equity₹9.39#571Y—3Y—5Y—10Y—
- Mahindra Manulife Innovation Opportunities Fund - Direct Plan - GrowthMahindra Manulife · Equity₹10.49#581Y—3Y—5Y—10Y—
- WhiteOak Capital Consumption Opportunities Fund - Direct Plan - Growth OptionWhiteOak Capital · Equity₹9.92#591Y—3Y—5Y—10Y—
- NJ Momentum Fund - Direct Plan - Growth OptionNJ · Equity₹9.90#601Y—3Y—5Y—10Y—
- Baroda BNP Paribas Services Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Equity₹9.34#611Y—3Y—5Y—10Y—
- Motilal Oswal Quality Fund - Direct Plan - GROWTHMotilal Oswal · Equity₹10.05#621Y—3Y—5Y—10Y—
Thematic Fund funds — frequently asked questions
Which Thematic Fund fund has the highest 5-year CAGR?
DSP India T.I.G.E.R. Fund - Direct Plan - Growth currently leads the Thematic Fund category with a 5-year CAGR of 19.6%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Thematic Fund fund?
Across the 62 Thematic Fund schemes we track, the median 5-year CAGR is 11.4%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.