Top 5 Mutual Funds: These 5 Mutual Funds Are Best for SIPs—Delivered Returns of Up to 23% in 3 Years; Get Full Details Here..

Are you also contemplating starting a new SIP this June? However, are you unsure about where exactly to invest? If so, don't worry—this article is just for you. Millions of retail investors across the country often find themselves in this very dilemma: where should they deploy their capital? Where can they expect the highest returns, and where is it possible to double their money in a relatively short period? Today, we will introduce you to five such mutual funds that have delivered a CAGR of over 15% to their investors over the last three years.

1. Parag Parikh Flexi Cap Fund
The first—and arguably the most talked-about—name on this list is the Parag Parikh Flexi Cap Fund, which continues to remain the top choice for investors within the Flexi Cap category. The immense popularity of this fund is evident from the fact that its total Assets Under Management (AUM) have reached approximately ₹1,40,950 crore. Investors place such high trust in this fund because it has delivered an impressive CAGR of around 15.58% over the past three years. Furthermore, the fund boasts an expense ratio of a mere 0.53%, demonstrating how superior fund management can be achieved even at a low cost. By virtue of being a Flexi Cap fund, it grants the fund manager complete autonomy to allocate capital across large-cap, mid-cap, and small-cap companies, depending on prevailing market conditions.

2. HDFC Balanced Advantage Fund
For those seeking a secure investment avenue, the HDFC Balanced Advantage Fund presents an excellent option. Managing a massive asset base of approximately ₹1,05,377 crore, this fund has successfully attracted investors who seek to combine the growth potential of equities with the stability offered by debt markets. Over the last three years, the fund has delivered a robust CAGR of approximately 14.96%—a figure considered highly attractive within the Hybrid fund category. Operating with an expense ratio of 0.74%, this fund automatically balances market fluctuations, thereby significantly mitigating risk for new investors.

3. HDFC Flexi Cap Fund
The HDFC Fund House is not limited merely to hybrid funds; its Flexi Cap Fund has also carved out a formidable reputation in the market. With an Asset Under Management (AUM) of approximately ₹1,00,479 crore, the HDFC Flexi Cap Fund has outperformed several major industry stalwarts in terms of returns. Over the past three years, this fund has delivered a stellar CAGR return of around 18.32%, providing investors with yet another compelling reason to favor it. With an expense ratio of just 0.67%, this fund serves as an excellent option for investors seeking to generate robust returns while remaining invested in the market.

4. HDFC Mid Cap Fund
For investors willing to undertake a moderate level of risk and seeking aggressive returns, the HDFC Mid Cap Fund has proven to be nothing short of a boon. Belonging to the mid-cap category, this fund boasts an Asset Under Management of approximately ₹85,357 crore. A glance at the return charts reveals that, over the last three years, this fund has recorded a phenomenal—and industry-leading—CAGR return of approximately 23.21%. Although its expense ratio stands at 0.72%, the spectacular returns delivered by the fund in exchange have certainly not left investors disappointed.

5. SBI Equity Hybrid Fund
The SBI Equity Hybrid Fund is the fifth name on this list to have richly rewarded its investors. A heavyweight in the Aggressive Hybrid category, this fund commands an AUM of approximately ₹83,353 crore. Driven by its robust asset allocation strategy, the fund has delivered a CAGR return of around 14.39% over the past three years. Operating with an expense ratio of 0.71%, this fund is ideal for those who do not wish to take on full equity risk but seek a stable and secure return that beats inflation.

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