Top 10 mutual funds by AUM: Which schemes are beating their benchmarks on 1-, 3-, and 5-year CAGR returns?

The biggest mutual funds by AUM do not necessarily deliver similar performance against their benchmarks. A comparison of their 1-, 3-, and 5-year CAGR shows how different schemes have fared across these periods. Here’s what the numbers reveal for investors.

The size of a mutual fund does not necessarily tell you how well it has performed. Assets under management (AUM) refers to the total value of money managed by a mutual fund scheme on behalf of investors.

Among the 10 largest mutual fund schemes by AUM, performance against their respective benchmarks varies across one-, three-, and five-year periods. While some funds have consistently delivered returns above their benchmarks, others have lagged over certain periods. Here's what you need to know.

What do the 1-, 3-, and 5-year CAGR returns show?

The comparison below uses the funds’ annualised returns (CAGR) over one, three, and five years against their respective benchmarks.

*Source: Value Research and NSE, Direct plans, AUM as on 31 August 2026, both benchmark and scheme CAGR as on 1 October 2026. Benchmark returns for HDFC Balanced Advantage Fund, SBI Aggressive Hybrid Fund and liquid funds are as on 30 September 2026; ICICI Prudential Multi Asset Allocation Fund’s benchmark return is as on 31 August 2026. HDFC Balanced Advantage Fund and HDFC Liquid Fund show comparable, not actual, benchmarks.