4 SBI Mutual Fund Schemes That Gave Best Returns In 3-Years

Markets have gone nowhere in the last 1-year and returns from mutual funds have been poor in that time period. However, a contrast emerges when we analyse mutual fund scheme returns for the last 3-years and that is simply because of one and only reason - covid. Three years ago India faced a lockdown and markets had crashed, so NAVs had crashed and simply because of that today the returns looks phenomenal as markets have doubled.

Returns from 4 top performing SBI Mutual Funds over 3-years

Name	Type	3-year returns
SBI Contra Fund, Direct, Gowth	Equity Contra	48.26%
SBI Small Cap Fund, Direct Growth	Small Cap Fund	42.85%
SBI Midcap Cap Magnum, Direct, Growth	Midcap Fund	42.80%
SBI Infra Fund Direct Growth	Infra Fund	39%

If you look at the best performing SBI Mutual Fund, which is SBI Contra Fund, then the fund has a portfolio that include good contrarian bets like GAIL India, Tech Mahindra etc. SBI Small Cap Fund, Direct Growth is another good performer among SBI Mutual Fund, but, when you compare it with peers like Quant Small Cap Fund, the performance lags.

That having said a fund that performs well over a period must perform consistently well even over the longer term, which may seldom happen. In any case, we would like to inform our readers that we are not analyzing the mutual fund schemes, here, but only giving you information on the top performing funds. Investors may analyze the funds and then take a call considering their risk appetite, age, preferences etc.

Our own belief is that performance of mutual fund schemes would largely depend on the markets and other external factors. Right now, with interest rates on fixed yielding instruments giving you a good 8%, investors do have options. If interest rates remain elevated for long, we do not see any reason why markets will be on a bull run. Apart from that, the global markets remain fragile, which will add to further pressure. In short over the longer term tenure of 3 years or so, it may not be easy for mutual funds to give the same stupendous returns of the past.