Consistent outperformers: 31 equity MFs beat benchmarks in 3, 5, 7 yrs

Around 31 equity mutual funds have outperformed their respective benchmarks in the last three, five, and seven years. ETMutualFunds analysed the performance of 164 equity mutual funds that have completed seven years of existence in the market.

There were around six ELSS funds in the list, followed by five flexi cap funds, and four large cap funds. The list had three contra funds, focused funds, large & mid cap funds, mid cap funds, and value funds; each and only one small cap fund made it to the list.

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We considered all equity mutual funds, excluding multi cap funds, as the data for the benchmark was not available for the comparison.

ELSS funds
Six ELSS have managed to outperform their respective benchmarks in the last three, five, and seven years. DSP ELSS Tax Saver Fund, Franklin India ELSS Tax Saver Fund, and HDFC ELSS Tax Saver, which are benchmarked against NIFTY 500 - TRI have managed to outperform the benchmark in the mentioned time periods.

SBI Long Term Equity Fund, the oldest ELSS fund, managed to outperform its respective benchmark in the said time periods.

Flexi cap funds
Five flexi-cap funds have managed to outperform their respective benchmarks in the last three, five, and seven years. Franklin India Flexi Cap Fund, HDFC Flexi Cap Fund have managed to outperform their respective benchmarks in the said time periods.


Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, featured in the list of outperformers across horizons. Quant Flexi Cap Fund outperformed against its benchmark in the three different horizons mentioned.

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Large cap funds
There were four large cap funds that managed to beat their respective benchmarks in the said time periods. Out of these four funds, three are benchmarked against NIFTY 100 - TRI, and the other one is benchmarked against BSE 100 - TRI.

ICICI Pru Focused Equity Fund gave 21.75%, 28.73%, and 17% returns against 15.22%, 25.12%, and 14.31% in the last three, five, and seven years, respectively.
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Large & mid cap funds