Top Indian Mutual Funds by 3Y CAGR
This page ranks 1,593 direct-plan Indian mutual funds by 3Y compound annual growth rate, calculated from official daily NAV history and refreshed every day. Three years covers at least part of a market cycle. It is long enough to be informative but still short enough that one strong sector run can dominate the result.
Rankings span every asset class — equity, debt, hybrid, commodity and solution-oriented schemes sit in one list — so a debt fund and a small-cap fund can appear side by side despite carrying very different risk. Compare funds within their own category before drawing conclusions from a cross-category ranking.
Showing 50 of 2,382 funds · page 22 of 48
- Baroda BNP Paribas Money Market Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Debt₹1,520.54#10511Y+6.52%3Y+7.26%5Y+6.51%10Y—
- Axis Nifty SDL September 2026 Debt Index Fund - Direct Plan - Growth OptionAxis · Debt₹13.07#10521Y+5.74%3Y+7.26%5Y—10Y—
- UTI Dynamic Term Fund - Direct Plan - GrowthUTI · Debt₹35.44#10531Y+3.96%3Y+7.25%5Y+7.57%10Y+6.61%
- Nippon India Dynamic Term Fund - Direct Plan - Growth OptionNippon India · Debt₹42.25#10541Y+3.97%3Y+7.25%5Y+6.16%10Y+6.49%
- LIC MF Ultra Short Term Fund - Direct Plan - GrowthLIC · Debt₹1,468.58#10551Y+6.76%3Y+7.25%5Y+6.36%10Y—
- UTI - Arbitrage Fund - Direct Plan - GrowthUTI · Hybrid₹40.38#10561Y+6.49%3Y+7.25%5Y+6.72%10Y+6.31%
- Invesco India Money Market Fund - Direct Plan - GrowthInvesco · Debt₹3,421.92#10571Y+6.48%3Y+7.25%5Y+6.51%10Y+6.53%
- UTI - MNC Fund - Direct Plan - GrowthUTI · Equity₹427.89#10581Y-3.82%3Y+7.24%5Y+6.91%10Y+10.02%
- UTI Nifty Midcap 150 Quality 50 Index Fund - Direct Plan - GrowthUTI · Equity₹13.70#10591Y-4.74%3Y+7.24%5Y—10Y—
- BHARAT Bond ETF- April 2031Edelweiss · Debt₹1,426.69#10601Y+3.01%3Y+7.24%5Y+6.23%10Y—
- ICICI Prudential Nifty 5 yr Benchmark G-SEC ETFICICI Prudential · Debt₹65.51#10611Y+3.37%3Y+7.24%5Y—10Y—
- DSP Money Market Fund - Direct Plan - GrowthDSP · Debt₹58.95#10621Y+6.56%3Y+7.24%5Y+6.50%10Y+6.45%
- PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund - Direct Plan - Direct GrowthPGIM India · Debt₹12.92#10631Y+4.66%3Y+7.24%5Y—10Y—
- UTI Ultra Short to Short Term Fund - Direct Plan - GrowthUTI · Debt₹3,900.59#10641Y+6.05%3Y+7.24%5Y+6.58%10Y+6.00%
- Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund - Direct Plan - Growth OptionNippon India · Debt₹13.00#10651Y+1.99%3Y+7.23%5Y—10Y—
- HDFC NIFTY 100 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹14.20#10661Y-7.46%3Y+7.23%5Y—10Y—
- Mirae Asset Short Term Fund - Direct Plan - GrowthMirae Asset · Debt₹17.78#10671Y+4.27%3Y+7.23%5Y+6.34%10Y—
- ICICI Prudential Arbitrage Fund - Direct Plan - GrowthICICI Prudential · Hybrid₹39.84#10681Y+6.51%3Y+7.23%5Y+6.75%10Y+6.32%
- BANDHAN CREDIT RISK FUND - Direct Plan - GrowthBandhan · Debt₹19.08#10691Y+5.27%3Y+7.23%5Y+6.30%10Y—
- Tata Balanced Advantage Fund - Direct Plan - Growth OptionTata · Hybrid₹22.52#10701Y-1.40%3Y+7.23%5Y+7.93%10Y—
- HDFC Nifty G-Sec Jun 2036 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹12.90#10711Y+2.06%3Y+7.23%5Y—10Y—
- JM Ultra Short to Short Term Fund - Direct Plan - Growth OptionJM Financial · Debt₹41.20#10721Y+6.02%3Y+7.23%5Y+6.51%10Y—
- Nippon India Arbitrage Fund - Direct Plan - Growth OptionNippon India · Hybrid₹31.08#10731Y+6.59%3Y+7.23%5Y+6.80%10Y+6.46%
- BANDHAN Arbitrage Fund - Direct Plan - GrowthBandhan · Hybrid₹37.97#10741Y+6.36%3Y+7.23%5Y+6.76%10Y+6.32%
- UTI Short Term Fund - Direct Plan - GrowthUTI · Debt₹36.04#10751Y+4.62%3Y+7.22%5Y+6.53%10Y+6.28%
- Baroda BNP Paribas Ultra Short Term Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Debt₹1,696.69#10761Y+6.59%3Y+7.22%5Y+6.69%10Y—
- Union Money Market Fund - Direct Plan - Growth OptionUnion · Debt₹1,377.79#10771Y+6.79%3Y+7.22%5Y+6.53%10Y—
- Aditya Birla Sun Life Nifty SDL Plus PSU Bond SEP 2026 60:40 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹13.36#10781Y+5.89%3Y+7.22%5Y+5.95%10Y—
- HDFC Nifty G-Sec Dec 2026 Index Fund - Direct Plan - Growth OptionHDFC · Debt₹13.11#10791Y+5.49%3Y+7.22%5Y—10Y—
- SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund - Direct Plan - GrowthSBI · Debt₹13.26#10801Y+5.95%3Y+7.22%5Y—10Y—
- Kotak Banking and PSU Debt Fund - Direct Plan - GrowthKotak Mahindra · Debt₹72.71#10811Y+4.57%3Y+7.22%5Y+6.35%10Y+7.26%
- Tata Retirement Savings Fund-Conservative Plan - Direct Plan - Growth OptionTata · Solution Oriented₹38.19#10821Y+2.10%3Y+7.22%5Y+6.14%10Y+7.99%
- HDFC Ultra Short Term Fund - Direct Plan - Growth OptionHDFC · Debt₹16.78#10831Y+6.37%3Y+7.21%5Y+6.59%10Y—
- HSBC Ultra Short Term FundHSBC · Debt₹1,489.67#10841Y+6.52%3Y+7.21%5Y+6.58%10Y—
- HSBC Short Term FundHSBC · Debt₹29.97#10851Y+4.62%3Y+7.21%5Y—10Y—
- SBI Ultra Short to Short Term Fund - Direct Plan - GrowthSBI · Debt₹3,924.77#10861Y+5.87%3Y+7.21%5Y+6.54%10Y+6.76%
- BARODA BNP PARIBAS ARBITRAGE FUND - Direct Plan - Growth OptionBaroda BNP Paribas · Hybrid₹18.32#10871Y+6.17%3Y+7.21%5Y—10Y—
- Canara Robeco Ultra Short to Short Term Fund - Direct Plan - GROWTH OPTIONCanara Robeco · Debt₹46.90#10881Y+6.13%3Y+7.21%5Y+6.47%10Y+6.56%
- HDFC Arbitrage Fund - Direct Plan - Growth OptionHDFC · Hybrid₹21.84#10891Y+6.49%3Y+7.21%5Y+6.69%10Y+6.12%
- Kotak Ultra Short Term Fund - Direct Plan - GrowthKotak Mahindra · Debt₹48.73#10901Y+6.47%3Y+7.21%5Y+6.61%10Y+6.69%
- SBI SHORT TERM FUND - Direct Plan - GrowthSBI · Debt₹36.44#10911Y+4.50%3Y+7.21%5Y+6.33%10Y+6.96%
- ICICI Prudential Nifty SDL Sep 2026 Index Fund - Direct Plan - GrowthICICI Prudential · Debt₹12.96#10921Y+5.68%3Y+7.19%5Y—10Y—
- UTI - Corporate Bond Fund - Direct Plan - GrowthUTI · Debt₹17.88#10931Y+4.50%3Y+7.19%5Y+6.27%10Y—
- ITI Arbitrage Fund - Direct Plan - Growth OptionITI · Hybrid₹14.64#10941Y+6.40%3Y+7.19%5Y+6.22%10Y—
- PGIM India Money Market Fund - Direct Plan - Direct GrowthPGIM India · Debt₹1,482.66#10951Y+6.34%3Y+7.18%5Y+6.64%10Y—
- Tata Corporate Bond Fund - Direct Plan - Growth OptionTata · Debt₹13.43#10961Y+4.29%3Y+7.18%5Y—10Y—
- Edelweiss Banking and PSU Debt Fund - Direct Plan - GrowthEdelweiss · Debt₹27.16#10971Y+4.40%3Y+7.18%5Y+6.08%10Y—
- ICICI Prudential Corporate Bond Fund - Direct Plan - GrowthICICI Prudential · Debt₹33.43#10981Y+4.67%3Y+7.18%5Y+6.65%10Y+7.27%
- SBI Arbitrage Fund - Direct Plan - GrowthSBI · Hybrid₹38.90#10991Y+6.43%3Y+7.18%5Y+6.80%10Y+6.23%
- Invesco India Short Term Fund - Direct Plan - GrowthInvesco · Debt₹4,195.73#11001Y+4.34%3Y+7.18%5Y+6.15%10Y+6.76%
3Y CAGR rankings — frequently asked questions
What does 3Y CAGR mean?
CAGR is the constant annual rate at which an investment would have had to grow to get from its starting NAV to its current NAV over 3 years. It smooths out the year-to-year path, so two funds with the same CAGR may have had very different journeys.
Is the highest-CAGR fund the best fund to buy?
Not necessarily. A high CAGR may come from taking concentrated sector or credit risk that will not repeat, and past performance is not a reliable predictor of future returns. Read the ranking alongside the fund's category, its risk profile and your own holding period.
How many funds are ranked here?
1,593 direct-plan schemes with a recent NAV and enough history to compute a 3Y figure. Funds without sufficient NAV history for this horizon are excluded rather than shown with an estimated number.